The Sensex ended with a loss of 95 points at 26697. The benchmark
indices opened at 26707., touched an intra-day high of 26736. and low of 26547.The
NSE Nifty was down 39 points and closed at 8,182. It opened at 8,229. points,
hitting a high of 8,229. and low of 8,165. Technically, The Nifty reclaimed its crucial support
level at 8,200 . which
is a positive sign and could be due to short covering amid
positive global cues. The
Nifty registered a large bear candle on the charts in the previous session. A strong break below
8170 will increase the downside pressure and drag it to 8100/8000. on the downside to prevent further damage. However, on
the upside a break above the 8,230 level is likely to lift hopes for the bulls.
Investors eyeing fed policy
The market mirrored the volatility seen in other emerging markets and settled below the 8,200 mark as investors
remain cautious ahead of today’s Fed policy. A 25 bps rate hike is widely expected but any hawkish comment would
act as a cloud over the EMs. Back home, both the CPI and WPI inflation has declined in November after currency shortage
depressed the consumer demand. This may provide RBI a room for ease in interest
rate
TOP
GAINERS: Axis Bank, HCL, Reliance, Tata Power, Infosys, Asian Paints, M&M
TOP LOSERS: Coal India, Bosch, Aurobindo Pharma, Eicher Motors, ACC, ONGC, Tech 
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