INDIAN EQUITY MARKET WRAP UP - 06 JAN 2016

INDIAN BENCHMARKS: SENSEX ENDS 174 POINTS DOWN, NIFTY 50 BELOW 7750

The domestic equity market tumbled on Wednesday after fresh weakness in crude oil prices and weak services PMI print from China raised investor concerns over the health of the global economy.

The S&P BSE Sensex slid 174 points, or 0.68 per cent, to end the day at 25,406. Broader market barometer Nifty50, too, ended weak, slipping 44 points, or 0.56 per cent, at 7,741. ITC and ICICI Bank -2.59 % were the top losers on the benchmark.

Selling was seen on the counters of ITC, ICICI Bank, Infosys, TCS and L&T, which helped ensure a weak closing of the NSE benchmark for the third consecutive session.

HEADLINES OF THE DAY

Narayana Hrudayalaya makes stellar debut, jumps 35%.

Petronet LNG plans to start consultancy services in human resource.

Aurobindo receives tentative approval for Prasugrel.

The crucial resistance for Nifty FUTURE is now seen at 7847 and above this 7893.Support for the immediate term is now placed at 7711 and next support will be 7650.

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