INDIAN EQUITY MARKET WRAP UP - 29 DEC 2015

INDIAN BENCHMARKS: SENSEX NIFTY ENDS FLAT, SREI INFRA UP 13%

The domestic equity market remained range bound all through Tuesday amid thin trade, as investors booked profit after three successive sessions of gains.

Lack of activity by foreign institutional investors and hesitation among investors ahead of the expiry of December series futures and options contracts weighed on the market.

The S&P BSE Sensex fluctuated between gains and loss before ending the day higher by 45 points, or 0.17 per cent, at 26,079. The 50-stock barometer, Nifty50, ended the day at 7,929, up 4 points, or 0.05 per cent.

HEADLINES OF THE DAY

SREI jumps 19%, BNP Paribas to pick up 5% stake in com.

HDFC Bank cuts base rate by 0.05%, effective January 4.

Citigroup raises stake in L&T Finance to 7.56%.

The crucial resistance for Nifty SPOT is now seen at 7966 and above this 8003 Support for the immediate term is now placed at 7835 and next support will be 7775.

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