INDIAN EQUITY MARKET WRAP UP - 23 DEC 2015

INDIAN BENCHMARKS: SENSEX ENDS 260 POINTS UP,NIFTY 50 ABOVE 7800

Tracking the proceedings in Asian markets ahead of the holiday season, the 30-share S&P BSE Sensex closed at 25,850.30, up 259.65 points or 1.01 per cent, on Wednesday. The broader market barometer, Nifty50, rose 7,865.95 points or 1.03 per cent.

GAIL, BHEL, Sun Pharma, Bharti Airtel and Tata Steel were the top gainers on Sensex, up 5.75 per cent, 3.52 per cent, 3.43 per cent, 2.72 per cent and 2.68 per cent, respectively, while M&M, Adani Ports and SEZ and Asian Paints were key losers, down 0.75 per cent, 0.49 per cent and 0.31 per cent.

HEADLINES OF THE DAY

Tata Steel in talks with Greybull to sell Europe assets.

Wipro to acquire Viteos Group for $130 mn.

Kaveri Seed: Mahyco Monsanto JV cancels Bt Cotton licence.

The crucial resistance for Nifty SPOT is now seen at 7912 and above this 7979 Support for the immediate term is now placed at 7835 and next support will be 7770.

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