INDIAN EQUITY MARKET WRAP UP - 22 DEC 2015

INDIAN BENCHMARKS: SENSEX ENDS 145 POINTS LOWER,NIFTY 50 BELOW 7800

Tracking weak cues from European markets, BSE benchmark Sensex erased most of Monday's gains, as selling pressure on FMCG and IT counters weighed heavy on the benchmark indices.

Investor sentiment was also affected by skittish trade seen in other Asian and European markets. The S&P BSE Sensex plummeted 145 points, or 0.56 per cent, to close the day at 25,590.65 while the 50-stock barometer Nifty50 ended at 7,786.10 points, down 48 points, or 0.62 per cent

HEADLINES OF THE DAY

RCom in talks with Aircel to combine wireless business

Aurobindo rises on USFDA approval for Olopatadine Hydrochloride

Marico drops on bonus issue of 1:1

Havells to start manufacturing small domestic appliances

The crucial resistance for Nifty SPOT is now seen at 7860 and above this 7912 Support for the immediate term is now placed at 7746 and next support will be 7685.

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