Thursday, October 1, 2015

CapitalStars Updates: INDIAN BENCHMARKS WRAPUP

CapitalStars Updates: Nifty Futures Tips

INDIAN BENCHMARKS  edge higher; exporters rise on earnings optimism
                                                                   

INDIAN EQUITY BENCHMARKS  edged higher on Thursday, marking their third straight day of gains, led by a rise in software exporters as Tata Consultancy Services and Infosys gained after rival HCL Technologies' revenue warning. The S&P BSE Sensex and CNX Nifty ended 0.25% and 0.03% higher each.


Headlines for the day: 

  • Banks begin operations; start rate cut saga
  • Core sector growth for August 2015 improves to 2.6% MoM
  • India manufacturing PMI falls to 7-month low in September
  • Diesel price hikes by 50 paise per litre

The crucial resistance for Nifty is now seen at 7875 and above this 7915. Support for the immediate term is now placed at 7815 and next support will be 7785.

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