INDIAN EQUITY MARKET WRAP UP - 24 DEC 2015

INDIAN BENCHMARKS: SENSEX-NIFTY ENDS FLAT

After starting the day strong at 25,892, the BSE Sensex pared all the gains and ended flat on Thursday, following weak trends in other Asian and European markets.

For the holiday-truncated week, the 30-share pack lost 12 points, or 0.04 per cent, to end at 25,838.71 points. The NSE Nifty50 lost 0.06 per cent or 4.90 points during the day to end at 7,861.05.

Bharti Airtel 1.88 % (2.03 per cent), GAIL (1.23 per cent), Tata Motors 1.00 % (0.94 per cent), ITC Ltd (0.87 per cent) and Adani Ports & SEZ (0.54 per cent) led the gains in the benchmark index, while ICICI Bank (-1.34 per cent), Maruti Suzuki -0.88 % (0.87 per cent), HDFC (0.66 per cent), ONGC (0.51 per cent) and SBI (0.43 per cent) ended as key loser.

HEADLINES OF THE DAY

Pipavav – Reliance to tie up with Russian company.

Rel Infra rises on reports to sell cement business.

Biocon hits 52-week high on launch of New Hepatitis-C Drug.

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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