INDIAN EQUITY MARKET WRAP UP- 9 Dec 2016

INDIAN BENCHMARKS: MARKET ENDS AT 1 MONTH CLOSING HIGH,SENSEX UP 53 POINTS @ 26747,NIFTY UP  15 POINTS @ 8262

The market has ended at 1-month record closing high. the Sensex is up 52.90 points or 0.2 percent at 26747.18, and the Nifty is up 14.90 points or 0.2 percent at 8261.75.

About 1436 shares advanced, 1180 shares declined, and 182 shares were unchanged.

SBI, ICICI Bank, ONGC, Axis Bank and ITC were gainer while Bajaj Auto, Coal India, HDFC, M&M and Cipla were losers in the Sensex.

HEADLINES OF THE DAY

Government scraps 10% import duty on wheat with immediate effect

Bharat Financial issues CP worth Rs20 cr

Jindal Steel & Power Q2 consolidated net loss at Rs746 cr

The crucial resistance for Nifty spot is now seen at 8315 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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