INDIAN EQUITY MARKET WRAP UP-12 Dec 2014

INDIAN BENCHMARKS dismal end...Nifty shuts below 8250

                                                                                                                                  

INDIAN EQUITY BENCHMARKS fell for a fifth session in six  to post its worst weekly loss since July as oil explorers continued to slump after Brent crude prices slipped to below $63 a barrel.

                                                                                                                                         

JLR November 2014 global retail volumes down 2.1% YoY

Union Minister: revival of 6-7 fertilizer mfg facilities done

Further ,TTK Prestige FY15 sales guidance revised to 12-14%

The crucial resistance for Nifty is now seen at 8375  and above this 8435. Support for the immediate term is now placed at 8260 and next support will be 8195.

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