INDIAN BENCHMARKS: NIFTY BELOW 7850,SENSEX END DOWN 79 POINTS
The
domestic equity market traded range bound through the day, as investors
remained cautious ahead of the expiry of October series F&O contracts. The
BSE Sensex seesawed between gains and losses before closing 49 points, or 0.2
per cent, lower at 25,819.
The
50-stock barometer Nifty50 ended with losses of 7 points, or 0.09 per cent, at 7,849.
Hindalco and Vedanta were the top losers on the BSE benchmark, down 4 per cent
each on the BSE's move to exclude the scripts from its benchmark index with
effect from December 21.
HEADLINES OF THE DAY
- Adani Ports, Asian Paints gain on inclusion in BSE Sensex
- Aurobindo gains after USFDA approval
- Advanta to merge with UPL
- Kotak Mahindra Bank gets IRDAI nod
The
crucial resistance for Nifty is now seen at 7890 and above this 7945. Support
for the immediate term is now placed at 7797 and next support will be 7730.
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