INDIAN BENCHMARKS: NEWS UPDATE

INDIAN BENCHMARKS: SENSEX ends 382 points down, Nifty Trading Tips below 7,750

The domestic market tanked in late afternoon trade on Wednesday after remaining range bound for most part of the session. The benchmark indices tracked the weakness in global markets, as Europe traded lower after gun battles were reported in North Paris in a hunt for suspects related to the Paris terror attack on Saturday.

The S&P BSE Sensex slipped 382 points, or 1.48 per cent, to 25,482 while the Nifty50 closed at 7,732, down 105 points, or 1.35 per cent. Hindalco and Infosys were the top losers on the BSE benchmark.

Headlines of the day:

• GMR up 11%, to get EBITDA boost post CERC's tariff order
• Dishman Pharma climbs after clarification on Clovis issue
• Marico to use the recent acquisition of Bellezimo

The crucial resistance for Nifty is now seen at 7795 and above this 7850. Support for the immediate term is now placed at 7690 and next support will be 7632.