INDIAN EQUITY BENCHMARKS came off their
day's highs to end flat, amid a volatile trading session, as investors turned
cautious ahead of key cabinet portfolios that are likely to be announced post
Shri Narendra Modi's swearing-in ceremony as the 15th Prime Minister of India
later this evening.
Further, India Cements reported Rs 30.56
crore standalone net loss for the January-March quarter on lower income and
higher finance costs. Muthoot
Finance's fourth quarter net profit fell 17.7 percent year-on-year to Rs 181
crore on lower income.
The crucial resistance for Nifty is now
seen at 7500 and above this 7560. Support for the immediate term
is now placed at 7250 and next support will be 7200.
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NEWS TO WATCH:
Watch out for the quarterly earnings of Bharat
Forge, Dish TV, JP Associate, UBL, JSW Steel, STC India, PFC, Oil India on 27TH
May 2014
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