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- INDIAN BENCHMARKS end lower on June F&O expiry
Posted by : Simran Shah
Thursday, 26 June 2014
INDIAN EQUITY BENCHMARKS ended 1% lower
following the expiry of June F&O series dragged down by oil shares after
the government defers its decision on gas price hike by three months till
December 31, 2014.
Further, ITC marginally positive after
Morgan Stanley upgraded the stock to overweight from equal-weight and increased
the price target to Rs 400 rupees from Rs 360. Aban Offshore closed nearly 5% up
after Macquarie upgraded the stock from underperform to outperform and raised
its target to Rs 1,090 from Rs 430.
The
crucial resistance for Nifty is now seen at 7570 and above this 7595.
Support for the immediate term is now placed at 7480 and next
support will be 7440.
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