INDIAN BENCHMARKS end lower ahead of June F&O expiry

INDIAN EQUITY BENCHMARKS ended lower as investors turned cautious and booked profit ahead of the expiry of June F&O series tomorrow even as auto stocks firmed up in late trades on reports that the lower excise duty on auto and capital goods has been extended till December.

Further, DLF ended down 1% on the back of fair trade regulator CCI ordering a fresh probe against the company. Shares of Maruti Suzuki was up 3% after Finance minister Arun Jaitley said that the excise duty on automobiles was extended to a further period of six months.

The crucial resistance for Nifty is now seen at 7590 and above this 7660. Support for the immediate term is now placed at 7515 and next support will be 7450.

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