INDIAN BENCHMARKS ended with losses due to caution surrounding FII outflows in the past two trading sessions and higher-than-expected inflation data released yesterday.
Further, Shares of IndusInd Bank gained by 1% to close at Rs 488 after net profit rose 28.83% to Rs 396.05 crore on 23.35% increase in total income to Rs 2702.19 crore in Q4 March 2014 over Q4 March 2013. Future Retail has surged 10% on report that Future Group is set to acquire southern supermarket chain Nilgiris.
The crucial resistance for Nifty is now seen at 6750 and above this 6810. Support for the immediate term is now placed at 6650 and next support will be 6600.
NEWS TO WATCH:
• Watch out for the quarterly earnings of Wipro, HCL Tech, Liberty Shoes on 17th April.
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