INDIAN BENCHMARKS: SENSEX ENDS 108 POINTS LOWER, NIFTY 50 BELOW
7800
Domestic
equity benchmarks oscillated in a range of 300 points on Monday after initial
buoyancy over expectation of clearance to the GST Bill and strong US jobs data
dissipated quickly.
US'
total non-farm payroll employment increased by 211,000 in November, while the
unemployment rate remained unchanged at 5 per cent, the Bureau of Labor
Statistics said on Friday. The data, which was better than most forecasts, put
to rest all lingering doubts over whether the US Fed will hike rate after
almost a decade of easy money policy.
The
S&P BSE Sensex slipped 108 points, or 0.42 per cent, to close the day at
25,530, while 50-stock barometer Nifty50 ended 16 points, or 0.21.
HEADLINES OF THE DAY
- ITC falls after committee recommends steep 40% GST on tobacco products.
- Siemens wins order worth from Diesel Locomotive Works; stk up.
- Chennai Petro - Emergency Shutdown of Manali & CBR Refinery.
- Hindalco looks to exit copper mining.
The
crucial resistance for Nifty SPOT is now seen at 7825 and above this 7854.
Support for the immediate term is now placed at 7725 and next support will be
7690.
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