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Monday, April 7, 2014

INDIAN BENCHMARKS ended flat, volatile trading session as elections begin today.

INDIAN BENCHMARKS ended flat amid a volatile trading session after elections for the 16th Lok Sabha kicked off today.

Further, HDIL ended up 1.5% , after Nomura Singapore Limited acquired nearly 1 percentage point stake in the Mumbai-based real estate firm through an open market transaction. State Bank of India is selling off its non-performing assets of around Rs 40 billion for the financial year 2013-14 to asset reconstruction companies.
The crucial resistance for Nifty is now seen at 6740 and above this 6780. Support for the immediate term is now placed at 6580 and next support will be 6540.card

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