INDIAN BENCHMARKS weak start with intraday surprises: Bearish end.
INDIAN EQUITY BENCHMARKS edged lower on volatility in global markets raised fears of foreign selling, although indexes cut early losses of more than 1% as state-run Life Insurance Corporation of India bought shares aggressively. The S&P BSE Se nsex and CNX Nifty ended 0.27%-0.47% lower each.
M&M fell 1.15%, after the company said it may observe no production days at some of its plants till March 2015 to align its production with sales requirements.
Jagran Prakashan fell 5.36%, after the company announced its foray into the radio industry by acquiring Music Broadcast.
Tata Steel rose 1.04%, on reports the Odisha government allowed the steel major to resume mining operations in four iron ore mines in the state.
The crucial resistance for Nifty is now seen at 8125 and above this 8185. Support for the immediate term is now placed at 7990 and next support will be 7925.
Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.
0 comments:
Post a Comment