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Tuesday, May 6, 2014


INDIAN BENCHMARKS ends with gains post lackluster session.

 
INDIAN EQUITY BENCHMARKS ended with gains post lackluster session that saw market consolidate further ahead of election results slated to be announced next week.

Further, HDFC has posted a profit after tax attributable to the Corporation and its subsidiaries of Rs. 24147mn for the quarter ended March 31, 2014 as compared to Rs. 20831.30 mn for the quarter ended March 31, 2013. Titan Company Ltd has posted a net profit after taxes and share of profit / (loss) of associate company of Rs. 7349.40 mn for the year ended March 31, 2014 as compared to Rs. 7253.80 million for the year ended March 31, 2013.
 
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 Allahabad bank, Lupin, Syndicate Bank, Aditya Birla Chemical on 7TH May 2014.

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