INDIAN EQUITY BENCHMARKS ended at fresh all-time closing highs, amid aggressive buying in late trades, with capital goods and bank shares leading the gains.
Further, LIC Housing Finance Q4 net profit after tax for the Q4 FY14 was Rs 370.02 crore as compared to Rs 316.16 crores in the corresponding period previous year, thus showing a growth of 17 percent. Sesa Sterlite ended up 4.8% after the Supreme Court lifted iron ore mining ban in Goa with a cap of not exceeding 20 mTPA and that the Goa govt must consider all leases expired post 2007.
The crucial resistance for Nifty is now seen at 6830 and above this 6880. Support for the immediate term is now placed at 6700 and next support will be 6670.
NEWS TO WATCH:
· Watch out for the quarterly earnings of MRF, Tata Elxsi, HDFC Bank on 22nd April.
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