INDIAN BENCHMARKS ends lower on profit taking.
INDIAN EQUITY BENCHMARKS ended lower, amid weak global cues, as traders booked profits ahead of the truncated week. Further, investors remained cautious ahead of February IIP data due for release later today.
Further, Housing Development and Infrastructure ended 3% up after Credit Suisse (Singapore) bought over 2 million shares of the Mumbai-based real estate developer for Rs 16 crore through an open market transaction. IndusInd Bank ended lower after the RBI said the foreign investors would have to get its prior permission for buying shares in the bank. The stock ended down 4.5% at Rs 489.
The crucial resistance for Nifty is now seen at 6800 and above this 6830. Support for the immediate term is now placed at 6700 and next support will be 6670.
NEWS TO WATCH:
Watch out for the quarterly earnings of Infosys on 15th April.
INDIAN EQUITY BENCHMARKS ended lower, amid weak global cues, as traders booked profits ahead of the truncated week. Further, investors remained cautious ahead of February IIP data due for release later today.
Further, Housing Development and Infrastructure ended 3% up after Credit Suisse (Singapore) bought over 2 million shares of the Mumbai-based real estate developer for Rs 16 crore through an open market transaction. IndusInd Bank ended lower after the RBI said the foreign investors would have to get its prior permission for buying shares in the bank. The stock ended down 4.5% at Rs 489.
The crucial resistance for Nifty is now seen at 6800 and above this 6830. Support for the immediate term is now placed at 6700 and next support will be 6670.
NEWS TO WATCH:
Watch out for the quarterly earnings of Infosys on 15th April.
Watch out for Indian CPI and WPI on 15th April.
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