INDIAN BENCHMARKS end at
fresh new closing highs in 2014
INDIAN BENCHMARKS closed in the green
with the Nifty closing at a new high in 2014 and the Sensex ended at its all
time closing high. Cairn India Ltd has posted a net profit of Rs. 28840.40 mn
for the quarter ended December 31, 2013 as compared to Rs. 33448.90 million for
the quarter ended December 31, 2012.
Further, L&T jumped 4 percent riding
high on its December quarter results announced. Company's third quarter
(October-December) net profit grew 10.6 percent year-on-year to Rs 1,241 crore
compared to a year ago period. Dish TV India Ltd has posted a net loss of Rs.
382.50 mn for the quarter ended December 31, 2013 as compared to net loss of
Rs. 448.80 mn for the quarter ended December 31, 2012.
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
UCO Bank, UPL, Karnataka Bank on 24TH JAN.
·
Watch out for the RBI Third Quarter
Review Policy on 28TH JAN.
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