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Thursday, August 14, 2014

INDIAN BENCHMARKS mark nearly 2-1/2 week closing high ahead of Modi's Independence Day speech

INDIAN EQUITY BENCHMARKS rose for a fourth consecutive session to its highest close in nearly two-and-a-half weeks.

Further, India’s wholesale price (WPI) inflation eased to a five-month low in July, helped by a moderation in fuel costs. The WPI rose 5.19% year-on-year last month, its slowest pace since February. In June, prices rose 5.43% from a year earlier.

Financial Technologies has announced the results for the quarter ended June 30, 2014 net profit of the company rose by 57.92% to Rs128.25 crore Vs Rs81.21 crore YoY.

The crucial resistance for Nifty is now seen at 7800 and above this 7840. Support for the immediate term is now placed at 7740 and next support will be 7695.
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