Wednesday, 21 May 2014
INDIAN EQUITY BENCHMARKS ended with
losses after rebounding form day's lowest levels as investors continued to take
profits in cyclicals such as heavyweight banks and capital goods stocks.
Further, Zee Entertainment Enterprises
fourth quarter net profit rising 21 percent year-on-year to Rs 217.5 crore on
higher revenues and better operational performance. UCO Bank has
reported a 5.75 times growth in fourth quarter net profit at Rs 285 crore as
against Rs 49.5 crore in same quarter last year.
The crucial resistance for Nifty is now
seen at 7290 and above this 7350. Support for the immediate term
is now placed at 7130 and next support will be 7060.
