INDIAN BENCHMARKS end flat
ahead of key economic data
INDIAN BENCHMARKS ended flat with
a positive bias, amid a range bound trade as investors remained cautious ahead
of key economic data due for release tomorrow and to new Federal
Reserve Chair Janet Yellen's first testimony before lawmakers. AstraZeneca
Pharma India surged 16% to Rs 854 after reporting a net profit of Rs 1.52 crore
for the quarter ended December 31, 2013.
Further, Dr Reddy's Laboratories third
quarter profit growing over 70 percent compared to same quarter last year.
Consolidated net profit increased to Rs 618.53 crore from Rs 363.3 crore. Shares
of Bharat Forge were up 5% at Rs 367.55 as the company after market hours on
announced plans to merge two of its subsidiaries.
The
crucial resistance for Nifty is now seen at 6100 and above this 6170.
Support for the immediate term is now placed at 6030 and next support
will be 5965.
News to watch:
·
Watch out for the quarterly earnings of
Apollo Tyres, BPCL, Cipla, Coal India, Tata Comm. on 12th Feb.
·
Watch out for the Consumer Price Index
(CPI) & Indian Industrial Production (IIP) on 12th Feb.
·
Watch out for the Wholesale Price Index
(WPI) on 14th Feb.
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