INDIAN BENCHMARKS ended with losses, highly volatile trading session… Nifty ends below 7650
INDIAN EQUITY BENCHMARKS fell second straight day with highly volatile trading session. The indices which flirted in the green zone for a while saw a sudden bout of selling in the second half.
Further, Mahindra & Mahindra Ltd.’s credit rating has been upgraded to AAA, by Credit Analysis & Research Ltd. (CARE). The rating agency assigned its highest ‘CARE AAA’ level of rating for the long-term bank facilities of M&M.
Bharti Infratel slumped 7.07%, as the floor price for offer for sale of shares by promoter Bharti Airtel was set at a discount to the stock's ruling market price.
The crucial resistance for Nifty is now seen at 7750 and above this 7840. Support for the immediate term is now placed at 7620 and next support will be 7595.
NEWS TO WATCH:
Watch out Quarterly Earnings of SBI, M&M, PFC, Divis Lab, Eicher Motors, Dena Bank, Chambal Fertilizers, PC jewelers, Sobha Developer on 8th August 2014.
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