Tracking global cues, the markets last week opened on a positive note. But ahead of the December F&O expiry and holiday, profit bookings were witnessed. The markets were seen closing flat as Nifty closed down around 0.3 per cent whereas Sensex ended 0.4 per cent. Bank Nifty and mid cap sector ended up around 0.5 per cent and 0.9 per cent respectively whereas the small cap ended down around 0.2 per cent. Major support for Nifty lies at 8088 and 7990. Resistance levels for Nifty are at 8268 and 8331.

Bill clearance
The government last week approved ordinance on two crucial bills — the Insurance Bill and the Coal Bill. The government approved the promulgation of an Ordinance to hike FDI cap in the insurance sector to 49 per cent from 26 per cent and this 49 per cent cap would include both FDI and foreign portfolio investments. The cabinet also approved the re-promulgation of Ordinance to facilitate e-auction of coal blocks for private companies for captive use and allot mines directly to state and central PSUs. The government was also seen allowing 100 per cent FDI under automatic route in medical device sector.