Tuesday 15 July 2014
INDIAN EQUITY
BENCHMARKS
surged in late trades, snapping their five-day losing streak, led by rate
sensitive shares on hopes that easing inflation may give central bank the much
needed comfort to cut key policy rates.
Further, Piramal Enterprises fell nearly 10% after
the stock turned ex-dividend today for a dividend of Rs 52.50 per share.
TVS Motor Company gained 3.9%, extending its
previous day’s rally, after the company's market share rose to 12.6% from 12.1%
in June quarter, first time in two years.
The crucial resistance for Nifty is now seen at 7545
and above this 7625.Support for the immediate term is now placed at 7455
and next support will be 7420.
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NEWS TO WATCH:
Watch out
Quarterly Earnings of Kotak bank, South Indian bank, Federal bank, Bajaj
Finance on 16th July 2014
