INDIAN BENCHMARKS ended with new record high
INDIAN EQUITY BENCHMARKS ended at record closing highs with Sensex ended above 27,000 for the first time after the country's balance of payments remained in surplus for the third straight quarter during Apr-Jun 2014 at $11.2 billion.
India’s current account deficit (CAD) for the first quarter, April to June, narrowed sharply to 1.7 per cent of gross domestic product from 4.8 per cent of GDP in the corresponding period of 2013-14.
Further, Hero MotoCorp rose 1.54%, after total sales rose 21% to 5.58 lakh units in August 2014 over August 2013.
The crucial resistance for Nifty is now seen at 8100 and above this 8140. Support for the immediate term is now placed at 8035 and next support will be 7985.
INDIAN EQUITY BENCHMARKS ended at record closing highs with Sensex ended above 27,000 for the first time after the country's balance of payments remained in surplus for the third straight quarter during Apr-Jun 2014 at $11.2 billion.
India’s current account deficit (CAD) for the first quarter, April to June, narrowed sharply to 1.7 per cent of gross domestic product from 4.8 per cent of GDP in the corresponding period of 2013-14.
Further, Hero MotoCorp rose 1.54%, after total sales rose 21% to 5.58 lakh units in August 2014 over August 2013.
The crucial resistance for Nifty is now seen at 8100 and above this 8140. Support for the immediate term is now placed at 8035 and next support will be 7985.
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