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Monday, 28 September 2015

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INDIAN BENCHMARKS, Dalal Street nervy ahead of RBI policy

INDIAN BENCHMARKS, Dalal Street nervy ahead of RBI policy
                                                                   
India's stock markets ended nearly 1 percent lower on Monday in a late selloff sparked by wobbly European markets and caution a day ahead of the Reserve Bank of India's policy meet. The S&P  BSE Sensex and CNX Nifty ended 0.95% and 0.93% lower each                                                   

Major Headlines
§  Stock Idea: Buy Inox Leisure
§  Indian Hume Pipe jumps after securing orders
§  Accenture Q4FY15 earnings beats estimate
                          

The crucial resistance for Nifty is now seen at 7895 and above this 7925. Support for the immediate term is now placed at 7775 and next support will be 7725.

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