INDIAN BENCHMARKS Modi's "Make in India" amid China slowdown bodes well for MNC capex plays
INDIAN EQUITY BENCHMARKS fell nearly 1 percent on Tuesday after Sun Pharmaceutical Industries slumped more than 15 percent, its steepest daily decline, after the company warned that its sales in 2016 would be flat at best. The S&P BSE Sensex and CNX Nifty ended 0.84%-0.86% lower each.
Headlines for the day:
Infosys Q1FY2016 surges on strong volume growth and FY2016 guidance
HDFC Bank Q1 Profit In-Line with Estimates: Stable Qtr
Asian Paints Q1 margins beats estimate; Consolidated Net Profit at Rs455 cr
Ibulls Housing consolidated Q1 net profit comes at Rs511 crore
Results on July 21, 2015
CEAT, Bajaj Finance, Container Corporation, PVR, KPIT Technologies, United Breweries, Muthoot Finance, JSW Energy, TV18 Broadcast, Network 18 Media, Bajaj
Finserv, SKS Microfinance, Bharti Infratel.
The crucial resistance for Nifty is now seen at 8655 and above this 8705. Support for the immediate term is now placed at 8525 and next support will be 8495.
Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and commodity market.