INDIAN BENCHMARKS end flat.. metals, IT, pharma crack &
banks lead.
INDIAN
BENCHMARKS
ended flat amid range bound trade as gains in cyclicals helped offset losses in
defensive sectors. Tata
Power fell 0.51% to Rs 79 on equity dilution worries after the firm announced
the details of the proposed rights issue.
Further, Shares of Reliance Industries was
up 2% at Rs885 on reports that the government is coming out with a notification
on higher gas price this month. Shares of L&T was up 3% to close at
Rs1236, after the company has won new orders worth Rs 2,935 crore across
various business segments in February and March 2014.
The
crucial resistance for Nifty is now seen at 6570 and above this 6600.
Support for the immediate term is now placed at 6410 and next support
will be 6340.
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