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Monday, May 5, 2014

INDIAN BENCHMARKS end flat amid volatility.

INDIAN EQUITY BENCHMARKS ended flat, amid a volatile trading session, after investors turned cautious and booked profits at higher levels.

Further, Canara Bank rose 6% after the bank said its net non-performing assets , as a percentage of total assets, declined to 1.98% in March quarter from 2.39% in the previous quarter ended December 2013. Century Textiles and Industries rallied 7.3%, after the company’s board has approved issue of 1.86 crore preferential warrants to promoters.

The crucial resistance for Nifty is now seen at 6780 and above this 6800. Support for the immediate term is now placed at 6650 and next support will be 6600.

NEWS TO WATCH: 

Watch out for the quarterly earnings of HDFC, Titan on 6THApril 2014. 

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