INDIAN BENCHMARKS ends lower on Ukraine woes
INDIAN BENCHMARKS ended with
sharp losses on the first trading session of the month as investors and traders
preferred to book profits amid political tension in Ukraine and Russia. Sensex ended
below the 21000 mark after all round selling pressure was seen amid a sell-off
seen in the equity markets across the globe.
Further, TVS Motor Company gained by 2.2%
at Rs 87.90 after reporting 6% year-on-year growth in two-wheeler sales in
February 2014 to 170,293 units from 160,895 units during the same month last
year. AstraZeneca Pharma was locked at 20 percent upper circuit after the board
of directors said it would consider parent's delisting offer on March 5.
The
crucial resistance for Nifty is now seen at 6300 and above this 6350.
Support for the immediate term is now placed at 6100 and next support
will be 6040.
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