Tuesday, 20 May 2014
INDIAN EQUITY BENCHMARKS ended
marginally positive amid range bound trades as gains in IT and index
heavyweight shares like ITC and HDFC helped offset losses in oil shares.
Further, Tata Communications rallied
nearly 10% after the company has sealed a deal to sell its 67.3% stake in
Neotel, its South African unit, for Rs 3,950 crore to Vodacom, a subsidiary
Vodafone. HCL
Technologies has bagged a deal estimated to be around Rs 3,000 crore from
beverage giant PepsiCo for offering infrastructure management services.
The crucial resistance for Nifty is now
seen at 7350 and above this 7400. Support for the immediate term
is now placed at 7130 and next support will be 7060.
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NEWS TO WATCH:
·
Watch
out for the quarterly earnings of Zee Entertainment, UCO Bank, Texmaco Rail on
21ST May
2014.
