Wednesday, 2 July 2014
INDIAN
EQUITY BENCHMARKS ended at fresh record highs as institutional investors bought
stocks across the board on hopes that the Finance Minister would announce
reforms to boost the economy. Shares of Adani Group companies
were ended higher by up to 10% on back of heavy volumes.
Further,
Bajaj Auto auto sales stood at 3.05 lk units in June as compared to 2.95lk
units YoY. The total motorcycle sales stood at 2.62lk units. L&T
Construction has won new orders worth Rs 2002 cr across various business
segments in June 2014.
The
crucial resistance for Nifty is now seen at 7730 and above this 7765.
Support for the immediate term is now placed at 7620 and next
support will be 7585.
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