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INDIAN BENCHMARK open marginally lower as investors

By : Simran Shah
INDIAN BENCHMARK open marginally lower as investors are likely to book profits after recent gains while weak Asian cues and geopolitical tensions would weigh on sentiment.
FURTHER, DLF will be in action after the Punjab and Haryana High Court on Wednesday set aside the Haryana government’s decision to allot 350 acres of land in Wazirabad, Gurgaon. United Spirits reported a consolidated net loss of Rs 4,489 crore for the year ended March 31, 2014.
Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. 469cr, as per the provisional figures released by the NSE.

INDIAN BENCHMARK open on a positive note tracking

By : Simran Shah

INDIAN BENCHMARK open on a positive note tracking a bullish trend tracking Asian markets. Investors will be eying the HSBC India services PMI today.

FURTHER, NMDC's iron ore sales rose 23% to 25.2 lakh tonnes for the month of August. The company had dispatched 20.5 lakh tonnes iron ore during the same month last year. Hindalco has been exploring various options to raise USD 1 billion-plus or around Rs 5,000 to 6,000 crore funds.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Tuesday while the DIIs were net sellers of Rs. 167cr, as per the provisional figures released by the NSE


INDIAN BENCHMARKS surges…Nifty past 8,000 to record high

By : Simran Shah
INDIAN EQUITY BENCHMARKS surged with nifty past the psychologically important 8,000 level for the first time gained after better-than-expected quarterly GDP data.

•    Voltas gained 2 percent as Bank of America Merrill Lynch reiterates buy rating on the stock with an increased target price of Rs 305 per share.

•    Further, Bharti Airtel climbed 1.7 percent after Airtel Network Kenya has acquired 2.7 million subscribers of Essar telecommunications Kenya.


The crucial resistance for Nifty is now seen at 8035 and above this 8070. Support for the immediate term is now placed at 7980 and next support will be 7920.

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