INDIAN BENCHMARKS NEWS UPDATES

INDIAN BENCHMARKS: SENSEX ENDS 108 POINTS LOWER, NIFTY 50 BELOW 7800
Domestic equity benchmarks oscillated in a range of 300 points on Monday after initial buoyancy over expectation of clearance to the GST Bill and strong US jobs data dissipated quickly.
US' total non-farm payroll employment increased by 211,000 in November, while the unemployment rate remained unchanged at 5 per cent, the Bureau of Labor Statistics said on Friday. The data, which was better than most forecasts, put to rest all lingering doubts over whether the US Fed will hike rate after almost a decade of easy money policy.

The S&P BSE Sensex slipped 108 points, or 0.42 per cent, to close the day at 25,530, while 50-stock barometer Nifty Trading Tips50 ended 16 points, or 0.21.

HEADLINES OF THE DAY

• ITC falls after committee recommends steep 40% GST on tobacco products
• Siemens wins order worth from Diesel Locomotive Works; stk up
• Chennai Petro - Emergency Shutdown of Manali & CBR Refinery
• Hindalco looks to exit copper mining

The crucial resistance for Nifty SPOT is now seen at 7825 and above this 7854. Support for the immediate term is now placed at 7725 and next support will be 7690.