INDIAN EQUITY MARKET WRAP UP- 19 Dec 2016

INDIAN BENCHMARKS: SENSEX NIFTY AT 2-MONTH CLOSING LOW, NIFTY DOWN 35 POINTS SENSEX SLIPS 114.86 POINTS

The market ended at 2-week closing low with the Sensex falling 114.86 points to 26374.70 and the Nifty down 35.10 points at 8104.35, weighed by HDFC, Sun Pharma, Asian Paints and L&T.

About 1565 shares declined against 1095 advancing shares on the BSE.

Equity benchmarks extended losses in last hour of trade with the Nifty falling below the 8100 level, weighed by HDFC, Asian Paints, Sun Pharma, L&T and SBI.

HEADLINES OF THE DAY

NMDC invests Rs1, 222 cr to set up plant in Chhattisgarh

CEAT announces capex of Rs 2,800 cr for capacity expansion

RInfra files for infrastructure investment trust.

The crucial resistance for Nifty spot is now seen at 8180 and above this 8230 Support for the immediate term is now placed at 8070 and next support will be 7950.

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

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