CapitalStars Updates: Nifty Futures Tips
INDIAN BENCHMARKS rise for 6th session; remain near 1-1/2 month highs
Headlines for the day:
- IMF cuts India, global 2015 GDP forecasts
- Bajaj Corp Q2FY2016 revenue growth moderates to 10%
- Glenmark Pharma barred from selling anti-diabetes drug
- Aditya Birla Nuvo to sell 49% in renewables unit to Abraaj
The crucial resistance for Nifty is now seen at 8205 and above this 8255. Support for the immediate term is now placed at 8125 and next support will be 8095.
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INDIAN BENCHMARKS rise for 6th session; remain near 1-1/2 month highs
INDIAN EQUITY BENCHMARKS rose for a sixth
consecutive session as oil explorers such as ONGC rose, tracking a rebound in
crude prices, while auto makers such as Mahindra & Mahindra gained on hopes
the upcoming festive season would boost sales. The S&P BSE Sensex and CNX
Nifty ended 0.38% and 0.30% higher each.
- IMF cuts India, global 2015 GDP forecasts
- Bajaj Corp Q2FY2016 revenue growth moderates to 10%
- Glenmark Pharma barred from selling anti-diabetes drug
- Aditya Birla Nuvo to sell 49% in renewables unit to Abraaj
The crucial resistance for Nifty is now seen at 8205 and above this 8255. Support for the immediate term is now placed at 8125 and next support will be 8095.
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