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- INDIAN BENCHMARKS ended on a weak note
Posted by : Simran Shah
Thursday, 29 May 2014
INDIAN EQUITY BENCHMARKS ended on a weak
note on
expiry day. Indian
Oil Corporation fell 3.44% after net profit fell 35.30% to Rs 9389.85 crore on 5.32%
increase in total income to Rs 135465.86 crore in Q4 March 2014 over Q4 March
2013.
Further, Hindalco Group has posted a
consolidated net profit of Rs. 21750.10 million for the year ended March 31,
2014 as compared to Rs. 30268.90 million for the year ended March 31, 2013.
Coal India
fell 0.59% after consolidated net profit fell 18.10% to Rs 4434.18 crore on
1.23% increase in total income to Rs 22382.35 crore in Q4 March 2014 over Q4
March 2013.
The crucial resistance for Nifty is now
seen at 7325 and above this 7345. Support for the immediate term
is now placed at 7200 and next support will be 7130.