INDIAN EQUITY MARKET WRAP UP- 30 Dec 2016

INDIAN BENCHMARKS: SENSEX NIFTY GEAR UP ON LAST TRADING SESSION OF 2016

After a lot of struggle the Nifty could not touch 8200. The 50-share index ended up 82.20 points or 1 percent at 8185.80 while the Sensex was up 260.31 points or 0.9 percent at 26626.46.

The Sensex gained 2 percent, Nifty climbed 3 percent in 2016. Bank Nifty climbed most, up 8 percent in the year.

Sun Pharma, GAIL, ITC, Infosys and BHEL were top gainers while Bajaj Auto, Tata Steel, Dr Reddy's Labs, HDFC Bank and ONGC were losers in the Sensex.

HEADLINES OF THE DAY

Ultratech to expand Chittorgarh limestone mine to 13.2mtpa.

Aurobindo gains on USFDA approval for Ziprasidone Hydrochloride.

Petronet, Petrobangla sign agreement to set up LNG re-gasification terminal.

The crucial resistance for Nifty spot is now seen at 8230 and above this 8275 Support for the immediate term is now placed at 8120 and next support will be 8050.

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