INDIAN BENCHMARKS fall for second straight session; blue chips drag
INDIAN EQUITY BENCHMARKS fell for the second straight session on Monday, dragged down by heavyweights such as Reliance Industries and financial stocks, as caution prevailed ahead of the federal budget due on Feb 28. The S&P BSE Sensex and CNX Nifty ended 0.88%-0.89% lower each.
· Tata Power inks MoU with Siberian Coal Energy
· Lupin: USFDA issues adverse observation report
· DLF drops 3% on stake sale reports
The crucial resistance for Nifty is now seen at 8835 and above this 8895. Support for the immediate term is now placed at 8695 and next support will be 8615.
INDIAN EQUITY BENCHMARKS fell for the second straight session on Monday, dragged down by heavyweights such as Reliance Industries and financial stocks, as caution prevailed ahead of the federal budget due on Feb 28. The S&P BSE Sensex and CNX Nifty ended 0.88%-0.89% lower each.
· Tata Power inks MoU with Siberian Coal Energy
· Lupin: USFDA issues adverse observation report
· DLF drops 3% on stake sale reports
The crucial resistance for Nifty is now seen at 8835 and above this 8895. Support for the immediate term is now placed at 8695 and next support will be 8615.
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