Friday, 25 April 2014
INDIAN EQUITY BENCHMARKS ended lower to
profit taking in the second half of the trading session, amid growth concerns,
with private banking majors and index heavyweights ITC and Reliance Industries
leading the decline.
Further, Maruti Suzuki reported net
profit at Rs 800 crore in the quarter ended March 2014, up 17.5 percent
compared to previous quarter that was lower than forecast. ICICI Bank
fourth quarter (January-March) net profit jumped 15 percent year-on-year to Rs
2,652 crore, supported by non-interest income and operating profit but impacted
by higher provisions.
The crucial resistance for Nifty is now seen at 6880
and above this 6900. Support for the immediate term is now placed at
6700 and next support will be
6670.
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