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Tuesday, August 12, 2014

INDIAN BENCHMARKS  ends higher …Nifty above 7700 ahead of IIP

INDIAN EQUITY BENCHMARKS extended its gains for the second consecutive trading session in anticipation of better than expected macro economic data like June IIP data and July CPI data which are scheduled later today.

Further, Apollo Hospitals posted a net profit of Rs. 827.40 million for the quarter ended June 30, 2014 as compared to Rs. 789.40 million for the quarter ended June 30, 2013.

Wockhardt Ltd posted a net profit of Rs. 53.5 million for the quarter ended June 30, 2014 as compared to Rs. 158.90 million for the quarter ended June 30, 2013

The crucial resistance for Nifty is now seen at 7750 and above this 7790. Support for the immediate term is now placed at 7655 and next support will be 7600.

NEWS TO WATCH:
Watch out Quarterly Earnings of Dishman Pharma , Kaveri Seeds, Kolte Patil, ONGC on 13th August 2014.

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