INDIAN BENCHMARKS: SENSEX ENDS 119 POINTS LOWER,NIFTY-50 BELOW 7900
A day ahead of the December series F&O expiry, domestic equity benchmarks remained range bound on Wednesday, even as yearend holiday mood slowed down activity on Dalal Street. Weak cues from European as well as other Asian markets also weighed heavy on the day's proceedings.
The S&P BSE Sensex remained range bound through the day before closing at 25960.03, down 119 points or 0.46 per cent. Nifty Trading Tips 50, the 50-stock barometer, ended 33 points, or 0.41 per cent, lower at 7,896.25
The BSE benchmark was led lower by Infosys, TCS, ICICI Bank and Reliance Industries, which saw brisk selling. Infosys and TCS were the top losers in the Sensex pack.
HEADLINES OF THE DAY
- Dr. Reddy's announces relaunch of Esomeprazole Magnesium Capsules
- IDBI Bank gets Rs2, 229 cr capital infusion from Govt.
- Bosch suspends manufacturing operations at Bangalore
The crucial resistance for Nifty SPOT is now seen at 7966 and above this 8003.Support for the immediate term is now placed at 7863 and next support will be 7835.
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