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Monday, March 3, 2014


INDIAN BENCHMARKS ends lower on Ukraine woes

INDIAN BENCHMARKS ended with sharp losses on the first trading session of the month as investors and traders preferred to book profits amid political tension in Ukraine and Russia. Sensex ended below the 21000 mark after all round selling pressure was seen amid a sell-off seen in the equity markets across the globe.

Further, TVS Motor Company gained by 2.2% at Rs 87.90 after reporting 6% year-on-year growth in two-wheeler sales in February 2014 to 170,293 units from 160,895 units during the same month last year. AstraZeneca Pharma was locked at 20 percent upper circuit after the board of directors said it would consider parent's delisting offer on March 5.

The crucial resistance for Nifty is now seen at 6300 and above this 6350. Support for the immediate term is now placed at 6100 and next support will be 6040.


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