Searching...
Wednesday, January 22, 2014

INDIAN EQUITY MARKET WRAP UP-22 january


INDIAN BENCHMARKS ends at highest 2014 closing levels


INDIAN EQUITY BENCHMARKS ended its third consecutive session of gains with benchmarks ending at their highest closing levels in 2014, led by buying in RIL, Sun Pharma and ICICI Bank. HDFC grow 13.4% jump in net profit at Rs 1,934.84 crore for the third quarter ended December 31, 2013 as compared to previous quarter.


Further, Bharti Airtel is looking to sell its Africa tower business on a country-by-country basis. It is looking at a valuation of roughly USD 1.8 billion for the Africa tower business. Dabur India’s third quarter consolidated revenues grew 16.7 percent to Rs 1,909 crore compared to a year ago period, supported by strong growth in international business.


The crucial resistance for Nifty is now seen at 6365 and above this 6415. Support for the immediate term is now placed at 6285 and next support will be 6240.




News to watch:
·         Watch out for the quarterly earnings of Cairn India on 23RD Jan.
·         Watch out for the quarterly earnings of Dish TV on 23RD Jan.
·         Watch out for the quarterly earnings of Mastek on 23RD Jan.
·         Watch out for the quarterly earnings of L&T Finance on 23RD Jan.


0 comments:

Post a Comment

 
Back to top!