Wednesday, 18 June 2014
INDIAN EQUITY
BENCHMARKS ended at lower levels after al-Qaida group
attacked Iraq’s biggest oil refinery bringing production to a halt.
Further,
Tata Steel would seek its shareholders approval to issue up to Rs. 140 billion
of privately placed debt securities. The bonds may be convertible or
non-convertible, and issued in the domestic or international market. Reliance
Industries to start offering next year fourth-generation telecommunications
services as the energy major seeks to boost revenue from new business areas.
The
crucial resistance for Nifty is now seen at 7675 and above this 7700.
Support for the immediate term is now placed at 7510 and next
support will be 7485.
