INDIAN BENCHMARKS marks record closing high on budget's infra push
INDIAN EQUITY BENCHMARKS marked its highest closing level on Monday as infrastructure-related stocks ranging from capital goods makers such as Larsen & Toubro to cement makers and power sector lenders surged on the federal budget's infra push. The S&P BSE Sensex and CNX Nifty ended 0.33%-0.62% higher each.
·Union Budget 2015-16: A well-balanced act
·Maruti Feb 2015 volumes up a 8.7% (YoY); In-Line with estimates
·HSBC Mfg PMI dips to 5-month low in Feb
The crucial resistance for Nifty is now seen at 8956 and above this 8844. Support for the immediate term is now placed at 8473 and next support will be 8680.
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