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Tuesday, March 3, 2015

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INDIAN BENCHMARKS marks record closing high on budget's infra push

INDIAN EQUITY BENCHMARKS rose to a record high led by gains in Reliance Industries after CLSA said the conglomerate could report a record profit for the fourth quarter. The S&P BSE Sensex and CNX Nifty ended 0.46%-0.44% higher each.
                               
Automobile sales in February 2015: Rural demand under pressure
IL&FS Transportation bags Rs251 crore order
L&T Construction wins order worth Rs2215 cr
Moody’s downgrades Central Bank of India, IOB

The crucial resistance for Nifty is now seen at 8977 and above this 9054. Support for the immediate term is now placed at 8787 and next support will be 8674.

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