INDIAN BENCHMARKS end at fresh record highs on reforms agenda
INDIAN EQUITY BENCHMARKS hit historic highs for the second straight session as President Pranab Mukherjee laid down roadmap of the new government and outlined its reform agenda, which boosted investors’ sentiment.
Further, Shares of Future Retail gained as much as 2.6% ahead of the board meeting on June 11 to discuss fund raising options. Hindustan Zinc gained 4.4% after the Finance Ministry has started the process for fresh valuation of the company, seeking to push through a long-pending sale of the government's residual stake in the company.
The crucial resistance for Nifty is now seen at 7670 and above this 7730. Support for the immediate term is now placed at 7500 and next support will be 7460.
NEWS TO WATCH:
Watch out for the Indian CPI and IIP data on 12th June 2014.
http://www.capitalstars.com/stockcash.php
INDIAN EQUITY BENCHMARKS hit historic highs for the second straight session as President Pranab Mukherjee laid down roadmap of the new government and outlined its reform agenda, which boosted investors’ sentiment.
Further, Shares of Future Retail gained as much as 2.6% ahead of the board meeting on June 11 to discuss fund raising options. Hindustan Zinc gained 4.4% after the Finance Ministry has started the process for fresh valuation of the company, seeking to push through a long-pending sale of the government's residual stake in the company.
The crucial resistance for Nifty is now seen at 7670 and above this 7730. Support for the immediate term is now placed at 7500 and next support will be 7460.
NEWS TO WATCH:
Watch out for the Indian CPI and IIP data on 12th June 2014.
http://www.capitalstars.com/stockcash.php
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