Thursday 21 August 2014
INDIAN EQUITY
BENCHMARKS
ended marginally higher led by gains in bank shares after Finance
Minister Arun Jaitley today said that the government was working towards
bringing in more professionalism in the functioning of banks and improving risk
management, amid the backdrop of the recent scams in some public sector banks.
·
Shares of Dr. Reddy's Laboratories ended
lower by 1.5% after report stated that the company was in talks with a US
regulator over allegations it violated packaging rules for some prescription
drugs sold there between 2008 and 2012.
·
Further, Zee Entertainment rose over a
percent as it is all set to replace United Spirits in CNX Nifty with effect
from the September 19.
The crucial resistance for Nifty is now seen at 7920
and above this 7945. Support for the immediate term is now placed at
7855 and next support will be 7780.
