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Thursday, December 15, 2016

Equity Tips

INDIAN BENCHMARKS: NIFTY ENDS DOWN 29 POINTS @ 8153.60, SENSEX PLUNGES 84 POINTS

Equity benchmarks closed lower amid consolidation after the Federal Reserve announced rate hike of 25 basis points, dragged by pharma, FMCG and index heavyweights HDFC, HDFC Bank, Infosys and Reliance Industries.

The 30-share BSE Sensex was down 83.77 points at 26519.07 and the 50-share NSE Nifty fell 28.85 points to 8153.60.

HEADLINES OF THE DAY
Axis Bank board approves allotment of debentures.
Cipla's arm enters into JVA with Ahran Tejarat.
Mandhana surges as Rakesh Jhunjhunwala buys 12.74% stake.

The crucial resistance for Nifty spot is now seen at 8260 and above this 8310 Support for the immediate term is now placed at 8130 and next support will be 7950.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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