INDIAN BENCHMARKS ended at record closing high ; state run lenders gain
INDIAN EQUITY BENCHMARKS hit a record high on Friday, rising for the third straight session, led by gains in lenders such as SBI after the government said it would cut its stake in state-run banks.
The positivity in the market was injected by falling global crude oil prices which will help ease in inflation headline number, raising hopes of a rate cut by RBI on December 2, 2014, monetary policy review.
Just Dial rose 2.02% after the RBI notified that foreign institutional investors/registered foreign portfolio investors can invest up to 75% of the company's equity capital from earlier 49%.
Further, DLF rose 0.81% on media buzz that Supreme Court granted status quo on Punjab & Haryana High Court's order of re-auctioning land allotted to DLF by the Haryana government.
Just Dial rose 2.02% after the RBI notified that foreign institutional investors/registered foreign portfolio investors can invest up to 75% of the company's equity capital from earlier 49%.
The crucial resistance for Nifty is now seen at 8675 and above this 8725. Support for the immediate term is now placed at 8588 and next support will be 8535.
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INDIAN EQUITY BENCHMARKS hit a record high on Friday, rising for the third straight session, led by gains in lenders such as SBI after the government said it would cut its stake in state-run banks.
The positivity in the market was injected by falling global crude oil prices which will help ease in inflation headline number, raising hopes of a rate cut by RBI on December 2, 2014, monetary policy review.
Just Dial rose 2.02% after the RBI notified that foreign institutional investors/registered foreign portfolio investors can invest up to 75% of the company's equity capital from earlier 49%.
Further, DLF rose 0.81% on media buzz that Supreme Court granted status quo on Punjab & Haryana High Court's order of re-auctioning land allotted to DLF by the Haryana government.
Just Dial rose 2.02% after the RBI notified that foreign institutional investors/registered foreign portfolio investors can invest up to 75% of the company's equity capital from earlier 49%.
The crucial resistance for Nifty is now seen at 8675 and above this 8725. Support for the immediate term is now placed at 8588 and next support will be 8535.
Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips, commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips, and share market tips etc.
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