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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