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Tuesday, March 4, 2014

 INDIAN BENCHMARKS jumps after Ukraine fears recede

 INDIAN BENCHMARKS rebounded with financials leading the gains after Russian President Vladimir Putin ordered his troops back to base raised hopes of a peaceful solution to the recent geopolitical tensions in Ukraine.
Further, Bharti Airtel rose 0.44% after the company said its unit in Kenya has sought an approval from the industry regulator to acquire the telecommunications licenses and subscribers of Essar Telecom Kenya. Jubilant Life Sciences ended up 3% at Rs 141 after Jubilant First Trust Healthcare, a wholly owned subsidiary of the company sells its hospital business to Narayana Health.
The crucial resistance for Nifty is now seen at 6330 and above this 6360. Support for the immediate term is now placed at 6200 and next support will be 6175.


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