INDIAN BENCHMARKS Bulls Claw Back: Bluechips run; Midcaps sprint
INDIAN EQUITY BENCHMARKS rose nearly 1 percent on hopes Prime Minister Narendra Modi would be able to steer a bill seeking to raise foreign investment limits in the insurance sector through the upper house of parliament, raising optimism about further economic reforms. The S&P BSE Se nsex and CNX Nifty ended 0.95%-0.87% higher each.
·Ajanta Pharma gained 8.49%, after the company fixed March 23, 2015 as record date for the purpose of sub-division of equity shares from face-value of Rs5 each to Rs2 each.
·Crompton Greaves rose 2.25%, after the company said it won a contract worth 3.4 million euros by Saudi Electricity Company
·NTPC gained 3.54%, after the company fixed March 23, 2015, as the record date for issue of bonus debentures.
.ITC rose 2.35%, on reports that the company is likely to hike cigarette prices by 15% on average.
The crucial resistance for Nifty is now seen at 8825 and above this 8865. Support for the immediate term is now placed at 8710 and next support will be 8670.
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INDIAN EQUITY BENCHMARKS rose nearly 1 percent on hopes Prime Minister Narendra Modi would be able to steer a bill seeking to raise foreign investment limits in the insurance sector through the upper house of parliament, raising optimism about further economic reforms. The S&P BSE Se nsex and CNX Nifty ended 0.95%-0.87% higher each.
·Ajanta Pharma gained 8.49%, after the company fixed March 23, 2015 as record date for the purpose of sub-division of equity shares from face-value of Rs5 each to Rs2 each.
·Crompton Greaves rose 2.25%, after the company said it won a contract worth 3.4 million euros by Saudi Electricity Company
·NTPC gained 3.54%, after the company fixed March 23, 2015, as the record date for issue of bonus debentures.
.ITC rose 2.35%, on reports that the company is likely to hike cigarette prices by 15% on average.
The crucial resistance for Nifty is now seen at 8825 and above this 8865. Support for the immediate term is now placed at 8710 and next support will be 8670.
Get real time advice for Equity Trading Tips, Stock Cash Premium Tips , and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.
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