Tuesday, 24 June 2014
INDIAN EQUITY BENCHMARKS rose over 1
percent, snapping a four-day losing streak led by gains in the realty, oil and
gas, power, capital goods and banking stocks.
Further, IRB Infrastructure Developers
edged higher by 5% after the company has entered into a pact with National
Highways Authority of India for an Rs 2,300 crore project for widening of a
highway stretch in Haryana under National Highways Development Project. SAIL is likely to
exit the Rs 35,000-crore revival project of the Sindri fertiliser plant in
Jharkhand due to inordinate delay in land acquisition.
The
crucial resistance for Nifty is now seen at 7610 and above this 7660.
Support for the immediate term is now placed at 7495 and next
support will be 7465.
