INDIAN EQUITY BENCHMARKS slumped as much as 2% on Tuesday, marking its biggest daily fall in more than five months, on worries a weakening rupee amid continued global turmoil may force the central bank to delay expected cuts in interest rates. The S&P BSE Se nsex and CNX Nifty ended 1.97%-1.85% lower each. ·OMCs cut prices of Petrol and diesel by Rs2 per litre.·Stock which surprises Street in weak markets.
·Further , Tata Motors drops on disappointing JLR sales.
The crucial resistance for Nifty is now seen at 8215 and above this 8285 . Support for the immediate term is now placed at 8095 and next support will be 8045.
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