INDIAN BENCHMARKS ended at record closing high ; state run lenders gain
INDIAN EQUITY BENCHMARKS
hit a record high on Friday, rising for the third straight session, led
by gains in lenders such as SBI after the government said it would cut
its stake in state-run banks.
The positivity in the market
was injected by falling global crude oil prices which will help ease in
inflation headline number, raising hopes of a rate cut by RBI on
December 2, 2014, monetary policy review.
Just Dial rose 2.02%
after the RBI notified that foreign institutional investors/registered
foreign portfolio investors can invest up to 75% of the company's equity
capital from earlier 49%.
Further, DLF rose 0.81%
on media buzz that Supreme Court granted status quo on Punjab &
Haryana High Court's order of re-auctioning land allotted to DLF by the
Haryana government.
Just Dial rose 2.02%
after the RBI notified that foreign institutional investors/registered
foreign portfolio investors can invest up to 75% of the company's equity
capital from earlier 49%.
The crucial resistance for Nifty is now seen at 8675 and above this 8725. Support for the immediate term is now placed at 8588 and next support will be 8535.
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