INDIAN EQUITY MARKET WRAP UP-30 Apr 2015

INDIAN BENCHMARKS fall to near four-month closing low

INDIAN EQUITY BENCHMARKS fell for the third straight week on Thursday to their lowest level in nearly four months, led by declines in blue chips as the monthly derivative contract expired. The S&P BSE Sensex and CNX Nifty ended 0.79-0.71% lower each.

                                                                                                       

Headlines for the day:

Godrej Properties Q4 consolidated net profit at Rs51 cr (YoY)

Marico Q4 Consolidated net profit up 24% (YoY)

Exide Inds Q4 net profit up 4%; Misses Estimates

Shriram Transport Q4 consolidated net profit at Rs84 cr (YoY)

The crucial resistance for Nifty is now seen at 8325 and above this 8375. Support for the immediate term is now placed at 8150 and next support will be 8085.

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