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Friday, January 9, 2015

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INDIAN BENCHMARKS , Late spurts lift sentiments

INDIAN EQUITY BENCHMARKS edged higher on heading for a second co nsecutive session of gains, led by software services exporter, Infosys Ltd, which surged 6 percent after its December-quarter earnings beat estimates. The S&P  BSE Se nsex and CNX Nifty ended 0.67%-0.61% higher each.

National Buildings Construction Corporation rose 2.62% after the company said it bagged a Rs1236.88 cr order in Odisha under the Pradhan Mantri Gram Sadak Yojana.
Videocon Industries rose 20%, after the company announced new discovery of oil accumulation in Farfan Area in the Serqipe Basin, Offshore Brazil.
SpiceJet hit 10% upper circuit, on reports potential investors have submitted a rescue plan for the company to the civil aviation ministry.

The crucial resistance for Nifty is now seen at 8365 and above this 8435. Support for the immediate term is now placed at 8185and next support will be 8115.

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