INDIAN
BENCHMARKS ended in the green zone.
INDIAN
BENCHMARKS closed in the green zone, sending indexes to their second
consecutive weekly gains, as technology stocks such as Infosys extended a rally
this year after data continued to signal a sturdier U.S. economy. ONGC shares
were trading higher on reports that the petroleum ministry seeks to cut subsidy
burden.
Further,
Kotak Institutional Equities downgraded Maruti Suzuki India to "sell"
from "reduce," saying the outlook for the company will be more
challenging than currently priced by the stock. Shares of NTPC gains after they
announced they are going too lined up new projects of 19,000 MW capacities,
nearly half of that would be commissioned by 2017.
The crucial resistance for Nifty is now seen at 6330
and above this 6365. Support for the immediate term is now placed at 6285 and next support will be 6255.
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