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Monday, November 23, 2015

Equity Tips

The domestic equity market traded range bound through the day, as investors remained cautious ahead of the expiry of October series F&O contracts. The BSE Sensex seesawed between gains and losses before closing 49 points, or 0.2 per cent, lower at 25,819.


The 50-stock barometer Nifty50 ended with losses of 7 points, or 0.09 per cent, at 7,849. Hindalco and Vedanta were the top losers on the BSE benchmark, down 4 per cent each on the BSE's move to exclude the scripts from its benchmark index with effect from December 21.


HEADLINES OF THE DAY



Adani Ports, Asian Paints gain on inclusion in BSE Sensex

Aurobindo gains after USFDA approval
Advanta to merge with UPL
Kotak Mahindra Bank gets IRDAI nod

The crucial resistance for Nifty is now seen at 7890 and above this 7945. Support for the immediate term is now placed at 7797 and next support will be 7730.


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