INDIAN BENCHMARKS end flat amid range bound trades
INDIAN EQUITY BENCHMARKS ended flat amid choppy trades after investors turned cautious and booked profits at higher levels.
Further, Bajaj Auto lost 2.3% after weak first quarter earnings. It has reported a flat growth in the first-quarter standalone net profit at Rs 740 crore, due to higher expenditure including employee cost.
Mahindra and Mahindra Ltd fell 3.1 percent after 11.8 million shares changed hands in twenty-four block deals on the BSE exchange.
The crucial resistance for Nifty is now seen at 7665 and above this 7730. Support for the immediate term is now placed at 7530 and next support will be 7460.
NEWS TO WATCH:
Watch out Quarterly Earnings of Tata Elxsi, Reliance Infra, Zee Entertainment, Reliance Industries 18th July 2014.
INDIAN EQUITY BENCHMARKS ended flat amid choppy trades after investors turned cautious and booked profits at higher levels.
Further, Bajaj Auto lost 2.3% after weak first quarter earnings. It has reported a flat growth in the first-quarter standalone net profit at Rs 740 crore, due to higher expenditure including employee cost.
Mahindra and Mahindra Ltd fell 3.1 percent after 11.8 million shares changed hands in twenty-four block deals on the BSE exchange.
The crucial resistance for Nifty is now seen at 7665 and above this 7730. Support for the immediate term is now placed at 7530 and next support will be 7460.
NEWS TO WATCH:
Watch out Quarterly Earnings of Tata Elxsi, Reliance Infra, Zee Entertainment, Reliance Industries 18th July 2014.
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