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Tuesday, December 24, 2013

INDIAN EQUITY MARKET WRAP UP-24 DECEMBER



INDIAN BENCHMARKS end flat ahead of Dec F&O expiry

INDIAN BENCHMARKS ended flat, amid a range bound trading session, as investors booked profits in late trades unwilling to carry over positions ahead of the Christmas holiday tomorrow followed by expiry of December derivative contracts on Thursday.

Further, Sesa Sterlite ended down after the Central Bureau of Investigation started an investigation into possible irregularities in its stake buy in Hindustan Zinc Ltd. Alstom T&D India gained 4.3% after the company has received two orders worth Rs 298 crore for supplying equipment for power stations in Himachal Pradesh.

The crucial resistance for Nifty is now seen at 6320 and above this 6365. Support for the immediate term is now placed at 6230 and next support will be 6160.

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