August 21, 2017

INDIAN EQUITY BENCHMARKS fell to close at their lowest level this year on Monday as worries about weaker-than-average monsoon and foreign selling continued to hit blue chips such as Housing Development Finance Corp. The S&P BSE Sensex and CNX Nifty ended 0.92-0.87% lower each.

Headlines for the day:

  • Sun TV tanks 25% as MHA denies security clearance
  • Wockhardt drops on recalling 2 drugs in US
  • Bank of Baroda dips on revising retail deposit rates

The crucial resistance for Nifty is now seen at 8165 and above this 8215. Support for the immediate term is now placed at 8000 and next support will be 7950.

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