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INDIAN BENCHMARKS gain; post 3rd consecutive weekly gain

Discussion in 'Indian Stocks' started by capitalstars05, Oct 16, 2015.

  1. capitalstars05

    capitalstars05 New Member

    Sep 26, 2014
    Likes Received:
    INDIAN EQUITY BENCHMARKS recovered from mild falls to advance on Friday, posting their third consecutive weekly gain, as hopes for rising sales during the ongoing festive season lifted sectors such as auto makers, trumping earlier concerns about earnings. The S&P BSE Sensex and CNX Nifty ended 0.76% and 0.72% higher each.

    Headlines for the day:
    Sintex NIIT Tech Q2 net profit down 29% (YoY)
    Edelweiss Financial Q2 consolidated net profit up 21% (YoY)
    V-guard Q2FY2016 result first cut: Bottomline grew 20%

    The crucial resistance for Nifty is now seen at 8275 and above this 8315. Support for the immediate term is now placed at 8205 and next support will be 8175.
    #1 capitalstars05, Oct 16, 2015
    Last edited by a moderator: Oct 16, 2015

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