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Monday 5 December 2016

NIFTY ENDS ABOVE 8100, SENSEX ENDS UP 100 POINTS @ 26349

INDIAN BENCHMARKS: NIFTY ENDS ABOVE 8100, SENSEX ENDS UP 100 POINTS @ 26349

The market has ended on a higher note as European market showed a comeback post initial weakness. The Sensex closes up 118.44 points or 0.4 percent at 26349.10 and the Nifty was up 41.95 points or 0.5 percent at 8128.75.

About 1511 shares have advanced, 1114 shares declined, and 154 shares are unchanged.

M&M, Asian Paints, Lupin, Maruti and Bharti were gainers while TCS, HDFC, GAIL, Sun Pharma and Wipro were losers in the Sensex.

HEADLINES OF THE DAY
Crompton Greaves sale of overseas T&D business on Dec 6.
Strides Shasun gets EIR from USFDA for its R&D centre.
Dr Reddy's introduces product in US.


The crucial resistance for Nifty spot is now seen at 8160 and above this 8210 Support for the immediate term is now placed at 8050 and next support will be 7950.


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