INDIAN BENCHMARKS regulator eases foreign investment rules in govt bonds
INDIAN EQUITY BENCHMARKS for bank shares, NSE bank index, rose as much as 2 percent on Thursday after Moody's ratings revised India's sovereign rating outlook to 'positive' from 'stable', aiding confidence in recovery in Asia's third-largest economy. The S&P BSE Sensex and CNX Nifty ended 0.62%-0.73% higher each.
Headlines for the day:
Banks Q4FY15 Preview: Slower credit growth
Q4FY2015 Consumer Goods sector: margin to boost bottom line
Bajaj Corp Q4FY2015 – strong operating performance
The crucial resistance for Nifty is now seen at 8825 and above this 8865. Support for the immediate term is now placed at 8715 and next support will be 8685.