INDIAN BENCHMARKS Smart intraday recovery: flat closing
INDIAN EQUITY BENCHMARKS ended flat after earlier hitting their lowest levels in 1-1/2 months as software services providers fell after Tata Consultancy Services' tepid comments on its outlook, while other blue-chips were hit by global risk aversion. The S&P BSE Se nsex and CNX Nifty ended 0.11%-0.05% lower each.
- TCS lost 3.78% after the company said that there will be adverse currency impact on constant currency revenue in rupee terms in Q3 December 2014.
- On Mobile Global rose 3.72%, after the company's board of directors approved buyback of shares.
- Career Point hit 20% upper circuit, after the company's wholly owned subsidiary was granted Certificate of Registration by the Reserve Bank of India.
The crucial resistance for Nifty is now seen at 8295 and above this 8355. Support for the immediate term is now placed at 8220 and next support will be 8170.
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