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INDIAN BENCHMARKS retreat from over 2-month highs

Discussion in 'Stock Market Discussions' started by capitalstars05, Oct 26, 2015.

  1. capitalstars05

    capitalstars05 New Member

    Sep 26, 2014
    Likes Received:
    INDIAN EQUITY BENCHMARKS ended lower on Monday, retreating from over two-month highs hit in the previous session as investors booked profits even as Asian equities gained after China cut interest rates for a sixth time in less than a year. The S&P BSE Sensex and CNX Nifty ended 0.40% and 0.42% lower each.

    Headlines for the day:
    UPL Q2 consolidated net profit up 12% (YoY)
    HDFC Q2 profit beats estimate
    Bharti Airtel dips as higher fixed charges impact Q2 results

    The crucial resistance for Nifty is now seen at 8357 and above this 8410. Support for the immediate term is now placed at 8233 and next support will be 8165.
    #1 capitalstars05, Oct 26, 2015
    Last edited by a moderator: Nov 11, 2015

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