INDIAN BENCHMARKS end at 3-week closing highs.
INDIAN BENCHMARKS surged to end
at their highest closing level in three weeks, led by financial shares, amid
high growth forecast in the last two quarters of the current fiscal, fiscal
deficit target at an 8-year low of 4.1% and reduction in net borrowing for
FY15..
Further, Bharti Airtel slipped 1%, after
the company and Loop Mobile announced a strategic agreement for their
operations in Mumbai service area. Shares of Hindustan Zinc dipped over 3% at
Rs 119 on reports that the government is unlikely to complete sale of minority
stake in the company during the current fiscal which ends on March 31, 2014.
The
crucial resistance for Nifty is now seen at 6190 and above this 6250.
Support for the immediate term is now placed at 5965 and next support
will be 5930.
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