INDIAN BENCHMARKS end at record highs ahead of election results.
INDIAN EQUITY BENCHMARKS ended sluggish trading on an almost flat note in anticipation of a favorable election outcome. Wholesale Price Index based inflation fell to two-month low of 5.25% in April from 5.7% in March.
Further, Adani Power Ltd has posted a net profit after taxes & minority interest of Rs. 25285.50 million for the year ended March 31, 2014 as compared to net loss of Rs. 5855.20 million for the Quarter ended March 31, 2013. Adani Ports has posted a net profit of Rs. 5298.00 mn for the Quarter ended March 31, 2014 whereas the same was at Rs. 7103.10 million for the Quarter ended March 31, 2013.
The crucial resistance for Nifty is now seen at 7150 and above this 7170. Support for the immediate term is now placed at 7060 and next support will be 7000.
INDIAN EQUITY BENCHMARKS ended sluggish trading on an almost flat note in anticipation of a favorable election outcome. Wholesale Price Index based inflation fell to two-month low of 5.25% in April from 5.7% in March.
Further, Adani Power Ltd has posted a net profit after taxes & minority interest of Rs. 25285.50 million for the year ended March 31, 2014 as compared to net loss of Rs. 5855.20 million for the Quarter ended March 31, 2013. Adani Ports has posted a net profit of Rs. 5298.00 mn for the Quarter ended March 31, 2014 whereas the same was at Rs. 7103.10 million for the Quarter ended March 31, 2013.
The crucial resistance for Nifty is now seen at 7150 and above this 7170. Support for the immediate term is now placed at 7060 and next support will be 7000.
NEWS TO WATCH:
Watch out for the quarterly earnings of United Spirits, Oracle Financial Services and Wheels on 16TH May 2014.
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http://www.capitalstars.com/stockcash.php
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