CapitalStars Updates: INDIAN BENCHMARKS MARKET WRAPUP

INDIAN EQUITY BENCHMARKS  gave up early gains on Monday and ended nearly half a percent lower, marking their biggest single-day loss in two weeks, after a government official fanned doubts that the goods and service tax (GST) bill was unlikely to be cleared in the current session of parliament. The S&P BSE Sensex and CNX Nifty ended 0.48%-0.46% lower each.

Headlines for the day: 

• J&K Bank Q1 net profit up 22% (YoY)
• Adani Ports Q1 consolidated net profit up 13% (YoY)
• Wockhardt consolidated Q1 net profit sees 4-fold jump
• Jain Irrigation Q1 consolidated net profit down 7% (YoY)

Results on August 11, 2015

• SBI, Apollo Tyres, Bosch, JK Lakshmi Cement, Tata Steel, Jubilant Life Science, Apollo Hospitals,
• Godrej Industries, HPCL, IFCI, Hind. Copper, Adani Enterprises, Sun Pharma Inds., NMDC, Reliance Power, Prestige Estates, Hathway Cable

The crucial resistance for Nifty is now seen at 8625 and above this 8590. Support for the immediate term is now placed at 8500 and next support will be 8475.

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