INDIAN EQUITY MARKET WRAP UP- 3 Jan 2017

INDIAN BENCHMARKS: NIFTY ENDS BELOW 8200, SENSEX UP 47.79 POINTS

After a lot of volatility, the market ended in green.  The Sensex was up 47.79 points or 0.2 percent at 26643.24, and the Nifty up 12.75 points or 0.2 percent at 8192.25.

About 1800 shares have advanced, 953 shares declined, and 689 shares are unchanged.

Coal India, BHEL, Axis Bank, GAIL and ICICI Bank were top gainers while Bharti Airtel,Hero MotoCorp, Tata Motors, Tata Steel and Wipro.

HEADLINES OF THE DAY

Idea Cellular to raise Rs1, 000 crore via NCDs.

Balrampur Chini fixes record date for buyback of shares.

Tata Motors December 2016 volumes grow marginally 2% YoY.

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.

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

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