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Friday, February 21, 2014

INDIAN BENCHMARKS re-conquers,Cap goods, Banks lead

INDIAN BENCHMARKS recouped most of yesterday's losses to end higher helped by a rebound in bank shares while encouraging data from the US boosted sentiment for IT shares.

Further, Bharti Airtel lost a court case in Nigeria and potentially faces US$3bn in payouts over a 5% stake claimed by Econet Wireless in its Nigerian unit. Wipro has collaborated with Agnik, a cloud-based vehicle performance Big Data analytics software company, to offer advanced connected car information technology services and platforms for the automotive industry.

The crucial resistance for Nifty is now seen at 6190 and above this 6250. Support for the immediate term is now placed at 6065and next support will be 5990.


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