INDIAN BENCHMARKS snap 3 day rally....
INDIAN EQUITY BENCHMARKS fell on Thursday, retreating from a record high hit in the previous session as state-run oil companies such as Bharat Petroleum Corp declined after the government raised factory gate taxes on petrol and diesel.
Max India fell 6.59%, after the company reported net loss of Rs11.30 core in Q2 September 2014, as compared to net profit of Rs1.99 crore in Q2 September 2013.
Unitech fell 5.46%, after the company reported net loss of Rs14.70 crore in Q2 September 2014 as against net profit of Rs25.57 crore in Q2 September 2013.
Further, Sobha rose 1.31%, after the company reported 5.12% rise in consolidated net profit to Rs59.50 crore on 24.29% rise in total income to Rs676.80 crore in Q2
September 2014 over Q2 September 2013.
The crucial resistance for Nifty is now seen at 8450 and above this 8515. Support for the immediate term is now placed at 8325 and next support will be 8265.
Watch Out For...
WPI data on 14 Nov...
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