Tuesday, 27 May 2014
INDIAN EQUITY BENCHMARKS closed the
trading session on a lower note as investors turned cautious ahead of derivatives
contract expiry on Thursday and booked profits with oil and financial shares.
Dish TV
India Ltd has posted a net loss of Rs. 1490.50 mn for the quarter ended March
31, 2014 as compared to net loss of Rs.436.20 mn for the quarter ended March
31, 2013.
Further, Bharat Forge's net profit more
than doubled to Rs 119 crore in the quarter ended March 2014 from Rs 50.1 crore
in same quarter last year. Power Finance Corporation Ltd has posted a net
profit of Rs. 54618.40 mn for the year ended March 31, 2014 as compared to Rs.
44377.40 million for the year ended March 31, 2013.
The crucial resistance for Nifty is now
seen at 7380 and above this 7430. Support for the immediate term
is now placed at 7250 and next support will be 7200
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NEWS TO WATCH:
· 1.
Watch
out for the quarterly earnings of Aban Offshore, Amara Raja Batteries, BHEL,
Havells India, IGL, SAIL, Tata Global, Apollo Hospital, Hero Motocorp on 28TH
May 2014.
· 2.
Watch
out for the Indian GDP annual and quarterly data on 30TH May 2014.
