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Thursday, December 8, 2016

Equity Tips

INDIAN BENCHMARKS: NIFTY ENDS AT 8247, SENSEX UP  457 POINTS

The Sensex ended up 457.41 points or 1.7 percent at 26694.28 and the Nifty was up 144.80 points or 1.8 percent at 8246.85.
About 1791 shares advanced, 824 shares declined, and 192 shares were unchanged. Tata Steel, Tata Motors, Adani Ports, Hero MotoCorp and Bajaj Auto were gainers.

Tata Steel has reached an agreement with trade unions to work towards closure of the British Steel Pension Scheme (BSPS). Successful negotiations on contribution terms, employment pacts and investments terms could bypass the need for a ballot.

HEADLINES OF THE DAY
Tata Motors JLR Nov 2016 retail sales up 2% (YoY).
Divis Lab drops on USFDA inspection.
Crompton Greaves reports Q2 consolidated net loss at Rs10 cr.

The crucial resistance for Nifty spot is now seen at 8275 and above this 8350 Support for the immediate term is now placed at 8220 and next support will be 8100.

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