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Wednesday, April 2, 2014

INDIAN BENCHMARKS end higher.….Nifty close above 6750. 

ended on positive momentum on amid positive global cues and strong inflow of foreign money. Non-bank financial companies surged after the election commission allowed the central bank to announce new bank licences.

Further, Reliance Industries rose 1.52% after the company said that Export Development Canada has announced $500 million in financing for the company. Coal India Ltd have sought the government's intervention for early Cabinet approval of performance-linked pay. Coal India employees had gone on a three-day strike to demand for a settlement of pay-related issues last month.

The crucial resistance for Nifty is now seen at 6780 and above this 6830. Support for the immediate term is now placed at 6600 and next support will be 6580.

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