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Tuesday, June 9, 2015

INDIAN EQUITY MARKET WRAP UP-9 Jun 2015

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INDIAN BENCHMARKS end at near 8-month low
                                                                   
INDIAN EQUITY BENCHMARKS fell on Tuesday to close at their lowest level in about eight months on worries China's potential inclusion in the MSCI Emerging Market index may tactically hurt portfolio flows. The S&P BSE Sensex and CNX Nifty ended 0.16-0.27% lower each.
                                                           
Headlines for the day:
Q4FY2015 FMCG earnings review – Q4 volumes low
Ceat Analyst Meet: Focusing on teo wheeler tyres
Maggi adheres to Singapore safety norm; Nestle gains

The crucial resistance for Nifty is now seen at 8127 and above this 8185. Support for the immediate term is now placed at 8000 and next support will be 7950.

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