INDIAN BENCHMARKS ended near their day's lows.
INDIAN EQUITY BENCHMARKS ended near their day's lows weighed down by profit taking in financials and index heavyweight Reliance Industries after recent gains. IT stock gained among a weakening rupee and better-than-expected numbers from Cognizant. Tata Motors ended nearly 1% down amid profit taking after the stock touched a 52-week high.
Further, BHEL's second quarter net profit fell 64.2 percent year-on-year. Net sales declined 15.2 percent to Rs 8,819 crore, dented by fall in power as well as industry revenues. Torrent Pharmaceuticals is trading higher, extending its over 13% rally in past four days, after reporting 33% year-on-year growth.
The crucial resistance for Nifty is now seen at 6255 and above this 6305. Support for the immediate term is now placed at 6205 and next support will be 6175.
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