INDIAN EQUITY BENCHMARKS ended flat,
amid a choppy trading session, as investors turned cautious on concerns that
the weak monsoon would further accelerate inflation while the continuing crisis
in Iraq also weighed on sentiment.
Further, Reliance Capital ended up 1.7%
on a report that Japan's Sumitomo Mitsui Trust Holdings Inc may buy 10% stake
in the Anil Ambani-owned company by paying $400 million for new shares. Dr Reddy's Labs
closed 1.7% higher after the pharma major launched duloxetine delayed-release
capsules USP 20 mg, 30 mg and 60 mg in the US market.
The
crucial resistance for Nifty is now seen at 7570 and above this 7595.
Support for the immediate term is now placed at 7480 and next
support will be 7440.
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