INDIAN EQUITY MARKET WRAPUP - 04 DEC 2014

INDIAN BENCHMARKS ended highs amid volatility

• INDIAN EQUITY BENCHMARKS  hit a record high continued hopes for global monetary stimulus measures, while ITC Ltd surged more than 5% to a six-month high on media reports the government was rethinking a potential ban on the sale of loose cigarettes. The S&P BSE Sensex and CNX Nifty ended 0.42%-0.31% higher each.

1. Cigarette shares surge 5-6% as govt unlikely to ban sale
2. Cox & Kings surges on partnership with Fonciere des
3. ABB rallies on winning order worth Rs334 crore

• The crucial resistance for Nifty is now seen at 8675 and above this 8665. Support for the immediate term is now placed at 8535 and next support will be 8450.