CapitalStars Updates: INDIAN EQUITY BENCHMARKS MARKET WRAPUP

INDIAN EQUITY BENCHMARKS  rose on Monday, bucking a softer trend in global markets as blue chips advanced on strong factory and stable inflation data, while value buying after three consecutive weekly declines also helped. The S&P BSE Sensex and CNX Nifty ended 0.61-0.39% higher each.

Headlines for the day

• May WPI Inflation at -2.36% Vs -2.65% (MoM)
• IIP growth zooms, CPI inflation in comfort zone
• Reliance AGM for FY2015: Plans to launch 4G services in December
• Cairn, Vedanta surges on merger deal

The crucial resistance for Nifty is now seen at 8070 and above this 8125. Support for the immediate term is now placed at 7925 and next support will be 7875.

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