CapitalStars Updates: INDIAN BENCHMARKS MARKET WRAPUP

CapitalStars Updates:

INDIAN EQUITY BENCHMARKS fell on Tuesday, marking their lowest close in nearly two weeks, led by declines in lenders after State Bank of India's quarterly results disappointed investors. The S&P BSE Sensex and CNX Nifty ended 0.84%-0.74% lower each.

Headlines for the day: 

• Chennai Petroleum spurts on strong Q1 growth of 80%
• SBI Q1 profit below estimates; NIIs disappoint; asset quality stable
• Apollo Tyres Q1 revenue misses estimate; income below expectation
• Reliance Power Q1 consolidated net profit up 41% (YoY)

Results on August 11, 2015

• Ashok Leyland, Reliance Infra., GE Shipping, India Cements, Indian Hotels, Aditya Birla Nuvo, Max India,
• Voltas, Balrampur Chini Mills, NALCO, SCI, Aurobindo Pharma, Natco Pharma, IDBI Bank, Oil India, City Union Bank, Coal India, Jindal Steel, Cadila Healthcare.

The crucial resistance for Nifty is now seen at 8565 and above this 8605. Support for the immediate term is now placed at 8450 and next support will be 8405.

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