Wednesday 9 July 2014
INDIAN
EQUITY BENCHMARKS ended lower amid volatile trading session as the domestic and
global investors turn cautious ahead of the Union Budget to be presented by the
Finance Minister tomorrow in the Parliament.
Further,
Shares of Tata Power dropped on reports that Tata Power and Reliance Power are
betting big on renewable energy and are willing to spend about Rs 1,500 crore
each on clean energy projects. ONGC Videsh raised US$2.23bn from global markets
through long term bonds to refinance loans for acquiring stake in oil field in
Mozambique.
The
crucial resistance for Nifty is now seen at 7670 and above this 7730.Support
for the immediate term is now placed at 7555 and next support will be
7510.
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