INDIAN BENCHMARKS ended at record closing high ; state run lenders gain
INDIAN EQUITY BENCHMARKS retreated from a record high as blue-chips fell on risk aversion in global markets after gold and oil tumbled, while caution also prevailed a day ahead of the central bank's policy review. The BSE Sensex and the CNX Nifty ended 0.47%-0.38% lower each.
On the macro-economic front, India's factory growth expanded at its fastest pace in nearly two years. November HSBC manufacturing PMI stood at 21-month high at 53.3 compared to 51.6 in October.
Mangalore Chemicals & Fertilisers rose 9.38%, after the firm said that Dr. Vijay Mallya, a director on the board of directors of the company, has resigned with immediate effect.
Further, Ashok Leyland rose 2.48%, after the company said its total sales rose 44% to 7,732 units in November 2014 over November 2013.
TVS Motor Company surged 3.25% after the company said its total sales rose 36% to 2.20 lakh units in November 2014 over November 2013
The crucial resistance for Nifty is now seen at 8670 and above this 8725. Support for the immediate term is now placed at 8575 and next support will be 8515.
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INDIAN EQUITY BENCHMARKS retreated from a record high as blue-chips fell on risk aversion in global markets after gold and oil tumbled, while caution also prevailed a day ahead of the central bank's policy review. The BSE Sensex and the CNX Nifty ended 0.47%-0.38% lower each.
On the macro-economic front, India's factory growth expanded at its fastest pace in nearly two years. November HSBC manufacturing PMI stood at 21-month high at 53.3 compared to 51.6 in October.
Mangalore Chemicals & Fertilisers rose 9.38%, after the firm said that Dr. Vijay Mallya, a director on the board of directors of the company, has resigned with immediate effect.
Further, Ashok Leyland rose 2.48%, after the company said its total sales rose 44% to 7,732 units in November 2014 over November 2013.
TVS Motor Company surged 3.25% after the company said its total sales rose 36% to 2.20 lakh units in November 2014 over November 2013
The crucial resistance for Nifty is now seen at 8670 and above this 8725. Support for the immediate term is now placed at 8575 and next support will be 8515.
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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