INDIAN BENCHMARKS bounce
back amid volatile trade
INDIAN BENCHMARKS trimmed early gains to
end marginally higher as investors turned cautious ahead of the GDP data for
the current fiscal to be released today around 5.30 pm. The government is
likely to lower its estimate of 5% growth forecast for the financial year
2013-14, because of slower-than-expected recovery in industrial growth.
Further, Tata Power was down 0.33% as
its consolidated net loss narrowed to Rs 75 crore for the quarter ended
December 31, 2013, compared to a net loss of Rs 329 crore posted in the same
period last year. Ambuja
Cements gained almost 5% after net profit rose 49.31% to Rs 316.50 crore on
5.19% decline in total income to Rs 2297.62 crore in Q4 December 2013 over Q4
December 2012.
The
crucial resistance for Nifty is now seen at 6100 and above this 6170.
Support for the immediate term is now placed at 6030 and next support
will be 5965.
Happy Reading!!!
·
Watch out for the quarterly earnings of
Apollo Hospital, IGL, JP Associate, NMDC, Ceat ltd, Tata Motors on 10th
Feb.
0 Comments