NIFTY flatten after fresh highs
INDIAN EQUITY BENCHMARK after
hitting fresh life-time highs in the early trades on Tuesday, the Indian equity
markets were unable to build on the momentum as investors and traders preferred
to stay cautious ahead of the US Federal Reserve's policy review. An
announcement on the Crimea front to be addressed by Vladimir Putin later today
also kept trader on the tenterhook.
Further, Maruti Suzuki Ltd
surged as much as 9.8 % to a record high after it said that it would seek
minority shareholder approval for a plan to outsource production at a new
factory to Japan's Suzuki Motor Corp.
Also, AstraZeneca Pharma
gained 2.6 % after the company board had approved a proposal from promoter
AstraZeneca Pharma AB, Sweden, to delist the company from India.
The
crucial resistance for Nifty is now seen at 6605
and above this 6640. Support for
the immediate term is now placed at 6515 and next support will be 6460.
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