CapitalStars Updates: INDIAN EQUITY BENCHMARKS MARKET WRAPUP

INDIAN EQUITY BENCHMARKS edged up on Monday, heading for a second straight session of gains, as hopes the central bank would cut interest rates this week lifted interest rate-sensitive firms such as State Bank of India. The S&P BSE Sensex rose 0.07% and CNX Nifty ended 0.14% lower.

Headlines for the day:

• HSBC manufacturing PMI hits 4-month high in May
• Maruti Suzuki May 2015 volumes up 13.8% (YoY); marginally beat estimates
• Ashok Leyland May 2015 volumes up 40.1% (YoY) to 9,294 units
• Escorts Ltd May 2015 sales down 16.4% (YoY)

The crucial resistance for Nifty is now seen at 8490  and above this 8587. Support for the immediate term is now placed at 8355 and next support will be 8317.

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CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.