INDIAN EQUITY BENCHMARKS edged lower on Friday as private lenders retreated after the central bank’s stress tests showed a significant jump in bad loans for the sector, but indexes still posted a second consecutive week of gains. The S&P BSE Sensex and CNX Nifty ended 0.30%-0.20% lower each.
Headlines for the day:
RBI Financial Stability Report: Asset Quality Data
IT sector gains as Accenture beats street expectations
ADAG stocks in demand
The crucial resistance for Nifty is now seen at 8440 and above this 8485. Support for the immediate term is now placed at 8315 and next support will be 8275.
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