Thursday, July 23, 2015

CapitalStars Updates: INDIAN EQUITY BENCHMARKS MARKET WRAPUP

INDIAN EQUITY BENCHMARKS  ended lower on Thursday, weighed down by stocks such as Bajaj Auto Ltd and Lupin Ltd while profit-taking in blue chips also hurt sentiment. The S&P BSE Se nsex and CNX Nifty ended 0.47%-0.51% lower each.

Headlines for the day:
  • Lupin slumps as Q1FY2016 earnings decline 16% YoY
  • L&T Finance Q1 net profit down 33% (YoY)
  • Bajaj Auto slumps as Q1FY2016 results come below expectation
Results on July 24, 2015
  • Atul, Crompton Greaves, ABB, RIL, Supreme Inds., Bharat Electronics, Tata Elxsi, Axis Bank, TVS Motor Co., M&M Financial Services
The crucial resistance for Nifty is now seen at 8675 and above this 8705. Support for the immediate term is now placed at 8575 and next support will be 8525.

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also aveliable on social network
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.

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