INDIAN BENCHMARKS slips but outperformed in Mid -caps
INDIAN EQUITY BENCHMARKS outperformed, rising nearly 2% as investors turned their focus on fundamentally sound mid-cap and small-cap stocks.
Further, IDFC was up 3.82 percent as it will bring down foreign shareholding in company below 50 percent and gives in-principle approval for domestic fund raising. NMDC surged 5.25 percent after it increased iron ore lumps prices for June by 7 percent and iron ore fines prices by 8.6 percent.
The crucial resistance for Nifty is now seen at 7435 and above this 7450. Support for the immediate term is now placed at 7340 and next support will be 7320.
INDIAN EQUITY BENCHMARKS outperformed, rising nearly 2% as investors turned their focus on fundamentally sound mid-cap and small-cap stocks.
Further, IDFC was up 3.82 percent as it will bring down foreign shareholding in company below 50 percent and gives in-principle approval for domestic fund raising. NMDC surged 5.25 percent after it increased iron ore lumps prices for June by 7 percent and iron ore fines prices by 8.6 percent.
The crucial resistance for Nifty is now seen at 7435 and above this 7450. Support for the immediate term is now placed at 7340 and next support will be 7320.
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