INDIAN EQUITY MARKET WRAP UP-16 NOVEMBER 2015

Bank Nifty Live

INDIAN BENCHMARKS, Bulls claw back: Nifty above 7800
                                                                    
India's stock markets bounced back to post its biggest single-day percentage gain in a month on local media reports that the government would discuss a roadmap to roll out the proposed goods and services tax (GST) next month. The S&P BSE Sensex and CNX Nifty ended 0.58% and 0.57% higher each.

Major Headlines:
 October WPI at -3.81%
 JLR October 2015 global wholesale volumes up 26.9% YoY
 Petrol price hiked by 36 paise; diesel up 87 paise .
                      
The crucial resistance for Nifty is now seen at 7865 and above this 7905. Support for the immediate term is now placed at 7705 and next support will be 7675.

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