INDIAN EQUITY MARKET WRAP UP- 23 Dec 2016

INDIAN BENCHMARKS: SENSEX NIFTY ENDS MARGINALLY  HIGHER

Equity benchmarks gained for the first time in last eight sessions on Friday, aided by HDFC group, infra and pharma stocks.

The 30-share BSE Sensex was up 61.10 points at 26040.70 and the Nifty gained 6.65 points at 7985.75.

The market breadth was negative as about 1331 shares declined against 1215 advancing shares on the BSE.

HEADLINES OF THE DAY

Divi’s Lab tanks on receiving 5 observations in 483 form.

Maruti bookings grow in December 2016 post dip in November.

Alkem labs receives EIR from USFDA for Daman unit.

The crucial resistance for Nifty spot is now seen at 8070 and above this 8130 Support for the immediate term is now placed at 7920 and next support will be 7840.

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

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