INDIAN BENCHMARKS drop on
weak PMI
INDIAN BENCHMARKS slipped for the second
consecutive day with losing over 1% each in the second half of the trading
session as profit booking emerged at higher levels. It drops on weak PMI. The
PMI was down at 50.7 points in December from 51.3 in the previous month.
Further,
Coal & Oil Group has received Rs 1,600 crore additional funding for its
1,200-MW project at Tuticorin in Tamil Nadu. Arvind surged 5.26% after a bulk deal of
36.05 lakh shares at Rs 150 per share.
The
crucial resistance for Nifty is now seen at 6365 and above this 6415. Support
for the immediate term is now placed at 6195 and next support will be 6150.
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