Tuesday, July 28, 2015

CapitalStars Updates: INDIAN EQUITY BENCHMARKS MARKET WRAPUP

INDIAN EQUITY BENCHMARKS fell on Tuesday, with the BSE index marking its lowest close in more than a month, as investors were unwilling to make any risky bets amid weak corporate earnings and ahead of the central bank's policy review next week. The S&P BSE Sensex and CNX Nifty ended 0.37%-0.29% lower each.

Headlines for the day: 
  • PNB Q1FY16 asset quality stable, earnings dip 49% YoY
  • Thermax Q1 net profit up 49%; beats estimates
  • Maruti Q1 earnings margin continue to expand; profit in-line with estimates 
  • BOI Q1 earnings reports disappointing performance
Results on July 24, 2015
  • Nestle India, Castrol India, Vedanta, UPL, MphasiS, Dabur India, JSW Steel, Essar Oil, Allahabad Bank, NHPC, Godrej Consumer, IIFL Holdings, Yes Bank.
The crucial resistance for Nifty is now seen at 8425 and above this 8475. Support for the immediate term is now placed at 8325 and next support will be 8285.

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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.

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