INDIAN BENCHMARKS ended on a positive note.
INDIAN EQUITY BENCHMARKS ended on a positive note with 50-share Nifty surging nearly 106 points on back of value-buying witnessed in automobile and banking shares as well as investors amid expectations of fresh measures by the central bank to support growth after Raghuram Rajan took over the helm of the Reserve Bank of India replacing D Subbarao.
Further, Shares of pharmaceutical companies are on a roll trading higher by up to 10%.Among recently beaten down blue chip shares, Reliance Industries Ltd gains 3.9 percent while ICICI Bank Ltd is up 4.35 percent.
The crucial resistance for Nifty is now seen at 5475 and above this 5520. Support for the immediate term is now placed at 5380 and next support will be 5315.
News to watch:
• Watch out for the REAL ESTATE Shares as Central Bank keep norms on Housing Loan Directive.
• Watch out for the IIP numbers on 12 SEPT.
• Watch out for the RBI policy on 18 SEPT.
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INDIAN EQUITY BENCHMARKS ended on a positive note with 50-share Nifty surging nearly 106 points on back of value-buying witnessed in automobile and banking shares as well as investors amid expectations of fresh measures by the central bank to support growth after Raghuram Rajan took over the helm of the Reserve Bank of India replacing D Subbarao.
Further, Shares of pharmaceutical companies are on a roll trading higher by up to 10%.Among recently beaten down blue chip shares, Reliance Industries Ltd gains 3.9 percent while ICICI Bank Ltd is up 4.35 percent.
The crucial resistance for Nifty is now seen at 5475 and above this 5520. Support for the immediate term is now placed at 5380 and next support will be 5315.
News to watch:
• Watch out for the REAL ESTATE Shares as Central Bank keep norms on Housing Loan Directive.
• Watch out for the IIP numbers on 12 SEPT.
• Watch out for the RBI policy on 18 SEPT.
stock tips
commodity tips
equity tips
Get free trial
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