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Friday, January 3, 2014

INDIAN BENCHMARKS end flat amid volatile trade.

INDIAN BENCHMARKS ended flat, amid a volatile trading session, on account of short covering in late trades after foreign institutional investors continued to remain buyers despite weakness in the markets.

 Further, Tata Motors ended down 2.7% after the company reported a 42.28% year-on-year decline in its total vehicle sales at 37,852 units in December 2013. Reliance Communications has fully repaid another syndicated ECB loan of US$ 500 Million (Rs.3,100 crore approx) on the scheduled due date today.
The crucial resistance for Nifty is now seen at 6240 and above this 6305. Support for the immediate term is now placed at 6170 and next support will be 6125.


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