INDIAN BENCHMARKS end at record all time highs… IT shares up 2.44%
INDIAN EQUITY BENCHMARKS ended on positive territory in the anticipation of a growth-oriented Budget. Both domestic and foreign investors are closely eyeing the Rail Budget and the Union Budget as these two parameters are expected to decide the future course of Indian markets.
Further, IDFC has surged over 7% on back of heavy volumes after Morgan Stanley raises its price target for the company to Rs 175 from Rs 115. NMDC Ltd may spend nearly AUD 12.1 million to subscribe a rights issue planned by its Australian arm Legacy Iron Ore Ltd.
The crucial resistance for Nifty is now seen at 7795 and above this 7820.Support for the immediate term is now placed at 7755 and next support will be 7660.
INDIAN EQUITY BENCHMARKS ended on positive territory in the anticipation of a growth-oriented Budget. Both domestic and foreign investors are closely eyeing the Rail Budget and the Union Budget as these two parameters are expected to decide the future course of Indian markets.
Further, IDFC has surged over 7% on back of heavy volumes after Morgan Stanley raises its price target for the company to Rs 175 from Rs 115. NMDC Ltd may spend nearly AUD 12.1 million to subscribe a rights issue planned by its Australian arm Legacy Iron Ore Ltd.
The crucial resistance for Nifty is now seen at 7795 and above this 7820.Support for the immediate term is now placed at 7755 and next support will be 7660.
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