INDIAN BENCHMARKS end higher led by IT heavyweights.
INDIAN BENCHMARKS edged higher in an otherwise choppy session of trade .The benchmark indices after touching a record high for a seventh consecutive session, fell as profit taking emerged after RBI decided to keep repo rate unchanged at 8% .The bank also kept the Cash Reserve Ratio at 4%.
Further, Shares of UPL moved higher by 5%, after the company has sell its entire 50% stake in the Brazilian agrochemical company Sipcam UPL. Shares of Natco Pharma plummeted by over 14% after the US Supreme Court agreed to hear Teva Pharmaceuticals' appeal in a patent fight over Copaxone, a drug used to treat multiple sclerosis.
The crucial resistance for Nifty is now seen at 6740 and above this 6800. Support for the immediate term is now placed at 6580 and next support will be 6540.
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