INDIAN BENCHMARKS end at 1-month closing high
INDIAN BENCHMARKS rose for a
second straight session to their highest closing in a month as blue chips
including banks gained on continued optimism about foreign investor buying
despite rising global uncertainties.
Further, L&T ended higher by nearly 3%
after the company said it has received Foreign Investment Promotion Board
approval for foreign direct investment in L&T Infrastructure Development
Projects Limited. IDFC
lost 1% after the Reserve Bank of India after trading hours said that no
further purchases of shares of the company will be allowed on behalf of foreign
institutional investors.
The
crucial resistance for Nifty is now seen at 6230 and above this 6350.
Support for the immediate term is now placed at 6065 and next support
will be 5990.
0 Comments