INDIAN BENCHMARKS retreated from record highs on profit –taking , FII sales .........
INDIAN EQUITY BENCHMARKS fell on Wednesday, retreating from record highs hit earlier in the session as investors pared positions in blue-chips such as Tata Motors after overseas investors marked their first sale of cash shares in three weeks. Investors are also looking forward to the RBI's policy review on Dec. 2
Foreign institutional investors sold Indian shares worth 1.02 billion rupees ($16.5 million) on Tuesday, marking their first sale since Oct. 28.
Further, Shares of jewellery companies also fell after the central bank said it was discussing increasing restrictions on gold imports.
The crucial resistance for Nifty is now seen at 8475 and above this 8535. Support for the immediate term is now placed at 8350 and next support will be 8265.
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