INDIAN EQUITY MARKET WRAP - UP - 01 JAN 2016

INDIAN BENCHMARKS: DALAL STREET MAKES TENTATIVE START TO NEW YEAR

Dalal Street made a tentative start to the New Year, trading in a range of 189 points through the day, before the indices closed where they had begun the day.

After starting on a cautious note, the S&P BSE Sensex rose 43.36 points to end the day at 26,160.90. The equity market lacked cues from global counterparts for direction, as most Asian and European markets were closed to mark the dawn of the New Year. Nifty50 settled the day at 7,963.20 points, up 16.85 points from its previous close of 7,946.35.

The top gainers included Tata Motors 2.66 % (2.80 per cent), Adani Ports & SEZ (2.61 per cent), SBI (1.54 per cent), CIL (1.40 per cent) and BHEL 1.03 % (1.03 per cent). Among the top losers were Tata Steel (1.08 per cent), GAIL (0.97 per cent), TCS (0.81 per cent), NTPC (0.75%) and HUL -0.67 % (0.68 per cent).

HEADLINES OF THE DAY

IDBI Bank to raise Rs3771 cr via QIPs; stk up.

M&M December 2015 Auto division sales up 4.4% YoY.

Aviation stocks in limelight.

The crucial resistance for Nifty FUTURE is now seen at 8006 and above this 8055 Support for the immediate term is now placed at 7870 and next support will be 7805.

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