INDIAN BENCHMARKS: SENSEX ENDS 231 POINTS LOWER, NIFTY 50 BELOW
7900
In
a sort of preview of what is in store for the domestic stock market after the
US Fed liftoff, a hawkish commentary from US Federal Reserve Chairperson Janet
Yellen caused the benchmark equity indices put up a lacklustre show on
Thursday.
Yellen
suggested on Wednesday that the Fed was all but certain to take a bold step at
its next rate-setting meet on December 15-16, prompting foreign investors go
for a fresh bout of selloff. FIIs were net sellers in the domestic equity
market to the tune of $1.2 billion in November.
The
S&P BSE Sensex traded weak through the day to close at 25886, down 231
points, or 0.9 per cent. The 50-stock barometer Nifty50 ended lower by 67
points, or 0.85 per cent, at 7,864. ONGC and Lupin were the top laggards on the
BSE benchmark.
HEADLINES OF THE DAY
CESC
signs MOU with Silver Spring
Just
Dial falls on brokerage downgrade
Wipro
acquires Cellent for Rs 517 crore
The
crucial resistance for Nifty SPOT is now seen at 7935 and above this 8003.
Support for the immediate term is now placed at 7865 and next support will be
7806.
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