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.
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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.
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