Friday, 20 June 2014
INDIAN
EQUITY BENCHMARKS ended lower for the third straight session as investors
turned cautious amid tensions in Iraq even as consumer durables shares stole
the limelight tracking rally in gold prices.
Further,
Power Finance Corporation has received shareholders approval for raising up to
Rs 44,000 crore through issue of securities in the current financial year. IFCI
closed higher by 4% to Rs 39.80 after it is planning to sell its partial stake
in the National Stock Exchange and entire stake in financial services arm.
The
crucial resistance for Nifty is now seen at 7560 and above this 7610.
Support for the immediate term is now placed at 7495 and next
support will be 7465.
