CapitalStars Updates:
INDIAN EQUITY BENCHMARKS fell more than 2 percent on Tuesday to near their lowest in about a year after HDFC Bank lowered its base rate by a hefty 35 basis points, sparking concerns other lenders would follow suit, hurting margins in the sector. The S&P BSE Sensex and CNX Nifty ended 2.23%-2.33% lower each.
Headlines for the day:
- Petrol price cut by Rs2 per litre, diesel by 50 paise
- Macro wrap: GDP, core sector data disappoint
- India's manufacturing PMI contracted to 52.3 in August
- Maruti Suzuki August 2015 volumes up 6.4% YoY
The crucial resistance for
Nifty is now seen at 7999 and above this 8074. Support for the
immediate term is now placed at 7750 and next support will be 7665.
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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CapitalStars Financial Research Financial Advisory Services
CapitalStars Financial Research Financial Advisory Services
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