INDIAN BENCHMARKS , Tepid trade, low volumes; minor gains
INDIAN EQUITY BENCHMARKS ended flat on weaker regional shares offset optimism over additional reforms a day after the government passed an executive order to ease land-acquisition rules. The S&P BSE Se nsex and CNX Nifty ended 0.03%-0.02% higher each.
Lanco Infratech rose 4.27%, after the firm said that its board passed circular resolution approving the allotment of 5.45 crore shares at an issue price of Rs6.23 per share to ICICI Bank as per CDR package for the firm.
Godrej Properties rose 3.25%, after the company said it has entered into an agreement with Godrej & Boyce to develop a new mixed-use project on the property at Pirojshanagar, Vikhroli West, Mumbai.
IDBI Bank rose 2.74%, after the bank said that its board has approved the sale of bank's part or whole shareholding of 48.18 lakh shares in Credit Analysis & Research in one or more lots.
The crucial resistance for Nifty is now seen at 8370 and above this 8475. Support for the immediate term is now placed at 8275 and next support will be 8210.
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