INDIAN EQUITY BENCHMARKS fell on Thursday for a fourth session in five, with oil explorers leading the decline as global crude prices continued their recent tumble, while blue chips such as Infosys fell on profit-taking.
·Shares Bharti Infratel has surged nearly 13% to Rs 372 in early morning trade, also its record high on the National Stock Exchange (NSE), on back of heavy volumes
·Puravankara Projects rose 3.42%, after the company said its latest campaign on “The Greatest Online Sale on Homes” has seen unprecedented interest from home buyers across the country
·R Systems International jumped 14.2%, after the company said that a meeting of the board of directors of the company will be held on December 20, 2014, to consider and approve the proposal for buy-back of shares.
The crucial resistance for Nifty is now seen at 8435 and above this 8505. Support for the immediate term is now placed at 8305 and next support will be 8220.
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