INDIAN BENCHMARKS retreat from record highs on profit-taking
INDIAN EQUITY BENCHMARKS hit a record high for a sixth consecutive session before succumbing to profit-taking as blue-chips, including lenders, rose on hopes the U.S. Federal Reserve could take a dovish stance in its post-meeting statement later in the day. The S&P BSE Sensex fell 0.04% and CNX Nifty ended 0.04% higher.
- Aban Offshore Q3 consolidated net up 62% (YoY)
- Sintex Industries reports strong Q3 earnings
- Ranbaxy Q3 earnings losses widen
- Adani Power Consolidated Q3 net loss at Rs429 crore
The crucial resistance for Nifty is now seen at 8995 and above this 9055. Support for the immediate term is now placed at 8830 and next support will be 8755.
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