Tuesday, January 14, 2014

INDIAN EQUITY MARKET WRAP UP-14 january

INDIAN BENCHMARKS ended on a weak note.


INDIAN EQUITY BENCHMARKS
ended on a weak note after a volatile session led by declines in software exporters such as Tata Consultancy Services Ltd on profit-taking after the recent run-up on better-than-expected quarterly results by peer Infosys Ltd. Cairn India were trading higher by 2% at Rs 332 after the company said that its proposed share buyback offer will commenced from 23 January 2014.

Further,
Shares of Coal India rise as market eagerly awaits the quantum of dividend that the company will declare. The stock has rallied more than 5 percent in the past four trading sessions. NIIT Technologies disappointed the street with the third quarter consolidated net profit falling 14.9 percent sequentially, higher-than-expected, to Rs 53.1 crore due to forex loss.

The crucial resistance for Nifty is now seen at 6310 and above this 6360. Support for the immediate term is now placed at 6190 and next support will be 6130.

News to watch:

Watch out for Wholesale Price Index (WPI) on Jan 15.


3 comments:

  1. he BSE Sensex is up 155 points at 24,344 and the NSE Nifty is up 51 points at 7,402.


    commodity trading tips

    ReplyDelete
  2. TODAYS PROFIT SUMMARY: PREMIUM AUROPHARMA FUT 10290


    Nifty Tips | Nifty Future Tips

    ReplyDelete
  3. If you had financial problems, then it is time for you to smile. You only need to contact Mr. Benjamin  with the amount you wish to borrow at the low rate of 2% ROI and the payment period that suits you and you will have your loan  within three working days. I just benefited for the sixth time a loan of 700 thousand dollars for a period of 180 months with the possibility of paying before the expiration date. Mr Benjamin has been helping me with the loan.Make contact with him and you will see that he is a very honest man with a good heart.His email is  247officedept@gmail.com   and his WhatApp phone number is + 1-989-394-3740 .

    ReplyDelete