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Wednesday, November 12, 2014

Equity Tips
INDIAN BENCHMARKS came off their record highs ....

INDIAN EQUITY BENCHMARKS came off their record highs with the Nifty topping 8,400 and the Sensex ended above 28,000 for the first time led by financials ahead of October consumer price inflation and September IIP data due later today.Bayer Crop Science jumped 110.35%, after the company said its net profit rose 51.15% to Rs176.10 crore on 17.65% rise in total income to Rs1268.70 crore in Q2 September 2014 over Q2 Sep 2013.

Aurobindo Pharma rose 3.07% after the company said its unit has emerged as the highest bidder to acquire US-based Natrol  Inc.

HCC declined 4.49%, after the company said its subsidiary, Lavasa Corp. has received observation letter from Sebi for its proposed initial public offering for an amount not exceeding Rs750 crore.

The crucial resistance for Nifty is now seen at 8450 and above this 8515. Support for the immediate term is now placed at 8325 and next support will be 8255.&

Watch Out For...

WPI data on 14 Nov...

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