INDIAN
BENCHMARKS rose to mark
their first daily gain this year.
INDIAN EQUITY rose to mark their first
daily gain this year, snapping a five-session losing streak led by Reliance
Industries and IT major TCS, as well as exporters such as Tata Consultancy
services rose on earnings optimism while Coal India surged on plans for an
interim dividend, amid a range bound trading session.
Further, Shares of Infosys were trading
down by at 3475 ahead of its third quarter earnings due for release on Friday.
Shares of public sector underrating (PSU) banks are in demand, trading higher
by up to 8% on hopes of interim dividend. Aban Offshore shares were up after
company has won a contract worth rupees 380 crore for deploying jack-up rig
Deep Driller.
The crucial resistance for Nifty is now
seen at 6225 and above this 6275. Support for the immediate term
is now placed at 6140 and next support
will be 6100.
News to watch:
·
Watch out for the quarterly earnings of
Infosys & Indusind Bank on Jan. 10.
·
Watch out for consumer price index (CPI)
on Jan 13.
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