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Tuesday, 24 November 2015

INDIAN EQUITY MARKET WRAP UP - 24 NOV 2015


INDIAN BENCHMARKS: SENSEX END DOWN 43 POINTS,NIFTY HOLDS 7800 LEVEL

The domestic equity market seesawed between gains and losses amid aimless trading throughout Tuesday. Lack of triggers and November series F&O expiry due on Thursday meant investors shied away from initiating fresh positions on the benchmarks.

The S&P BSE Sensex ended with losses of 43 points, or 0.17 per cent, at 25,775 while the 50-stock barometer Nifty50 closed at 7,831, down 17 points, or 0.22 per cent. Maruti Suzuki and Bajaj Auto were the top losers on the BSE benchmark.

HEADLINES OF THE DAY
Reliance Capital gains after Nippon Life increases stake.
HC approves Aditya Birla Chem merger with Grasim Inds.
Mankind Pharma launches diabetes drug 'Dynaglipt'.
Federal Bank trims base rate to 9.63% p.a.

The crucial resistance for Nifty is now seen at 7880 and above this 7930. Support for the immediate term is now placed at 7797 and next support will be 7725.


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