Friday, 4 July 2014
INDIAN
EQUITY BENCHMARKS recouped from their day's lows in late trades to end at fresh
record closing highs on hopes that the Finance Minister in his maiden Budget
next week would announce reforms to revive economic growth.
Further,
Jain Irrigation Systems ended up 5% after the company said it has been issued a
Letter of Intent for project by Himachal government involving an outlay of
approximately Rs 100 crore. Amtek Auto has dipped 3.7% after
Citigroup sold over two million shares worth Rs 53 crore of the company through
open market.
The
crucial resistance for Nifty is now seen at 7785 and above this 7820.Support
for the immediate term is now placed at 7660 and next support will be
7620.
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