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Wednesday, September 24, 2014

Equity Tips
INDIAN BENCHMARKS end flat ahead of F&O expiry, shrug off SC verdict

INDIAN EQUITY BENCHMARKS ended flat, amid a choppy trading session, as investors turned cautious ahead of the expiry of September derivative contracts while the Supreme Court's decision on coal blocks weighed on select metal and power stocks.

State Bank of India has approved sub division of its shares following stock split announcement from other leading lenders like ICICI Bank, Punjab National Bank and Axis Bank.

Further, Inox Leisure were up nearly 4% ahead of the board meet tomorrow to merge its wholly-owned subsidiary with itself.

The crucial resistance for Nifty is now seen at 8050 and above this 8070. Support for the immediate term is now placed at 7950 and next support will be 7925.

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