INDIAN EQUITY MARKET WRAP UP
INDIAN
BENCHMARKS ends down post volatile session. Market
touched its day's low in afternoon deals a Financial Stability Report by the
Reserve Bank of India flagged concerns over continuing high inflation amid
slowdown in growth.
Further, Idea Cellular has received
shareholders' approval for increasing the investment limit for overseas
investors to 49 percent. JSW Steel has moved higher after one of its promoters
has acquired around 300,000 equity shares of the company through open market
transaction.
The crucial resistance for Nifty is now seen at 6345
and above this 6415. Support for the immediate term is now placed at 6262 and
next support will be 6230.
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