Friday, 8 August 2014
INDIAN EQUITY BENCHMARKS flat-to-lower as investors
eye global factors. Concerns about potential U.S. strikes on Iraq and tensions
between the West and Russia are among geo-political risk factors.
·
Further, JSW Steel reported Crude Steel
Production for July 2014, at 11.13 lac tonnes showing growth of 12% over
corresponding month of previous year.
·
Corporation Bank net profit
slipped 38.8 percent year-on-year to Rs 231.4 crore in the quarter ended June
2014 dented by lower net interest income and other income, and higher
provisions
The crucial resistance for Nifty is now seen at 7600
and above this 7680. Support for the immediate term is now placed at
7540 and next support will be 7460.
