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Posted by : Simran Shah Thursday, 17 July 2014



INDIAN EQUITY BENCHMARKS ended flat amid choppy trades after investors turned cautious and booked profits at higher levels.
·         Further, Bajaj Auto lost 2.3% after weak first quarter earnings. It has reported a flat growth in the first-quarter standalone net profit at Rs 740 crore, due to higher expenditure including employee cost.
·         Mahindra and Mahindra Ltd fell 3.1 percent after 11.8 million shares changed hands in twenty-four block deals on the BSE exchange.

The crucial resistance for Nifty is now seen at 7665 and above this 7730. Support for the immediate term is now placed at 7530 and next support will be 7460.

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