Friday, June 12, 2015

CapitalStars Updates: INDIAN EQUITY BENCHMARKS MARKET WRAPUP

INDIAN EQUITY BENCHMARKS  edged higher in a choppy session on Friday, led by gains in Reliance Industries , but the market witnessed a third consecutive weekly fall on continued concerns over slowing reforms and weak monsoon. The S&P BSE Sensex and CNX Nifty ended 0.21-0.22% higher each.

Headlines for the day:
  • TCS, Infy down on US probe for H-1B visa violations
  • Varun Shipping hits 5% upper circuit
  • Mastek plunges 67% on demerger of insurance biz
The crucial resistance for Nifty is now seen at 8025 and above this 8065. Support for the immediate term is now placed at 7925 and next support will be 7875.

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