EQUITY NEWS FOR 17 DECEMBER

NEWS INSIGHT

• In global market S&P BSE Sensex continue its drop off after a day interval to close below 27,600
• BSE defeaters of the day were RIL, Tata Steel, ONGC, GAIL BSE -2.50 % and Airtel.
• Coal India BSE 1.00 % (up 1 per cent), Hindalco BSE 0.91 % (up 0.91 per cent), Dr Reddy's Laboratories (up 0.86 per cent), Maruti (up 0.53 per cent) and BHEL (up 0.47 per cent) were among the achiever.
• The Nifty closed at 8,292.90, down 62.75 points or 0.75 per cent. It touched a high of 8,348.30 and a low of 8,272.40 in trade today.
• Equity market fall under pressure as crude price fell near to 60$ per barrel after OPEC scroll down its projection for 2015 by about 300,000 barrels a day to 28.9 million a day.
• The 30-share index close at 27,602.01, down 229.09 points or 0.82 per cent. It comes together a high of 27,796.34 and a low of 27,539.47 in trade today.
• ONGC (3.21 per cent), GAIL (2.89 per cent), Tata Steel BASE -2.85 % (2.85 per cent), Bharti Airtel (2.77 per cent) and Reliance (2.76 per cent) were among the major Sensex losers.

ECONOMY ANALYSIS

• Data demand wish Bharti Infra up 12%, analysts bullish
• Sensex ends 229 pts down; ONGC, GAIL, Reliance sink 3%
• Loan portfolio of MFIs Improve 47 pc to nearly 29K cr in Q2
• Warns pitfall likely , GAIL slips 3%; CLSA reiterates sell
• Rs 11,488 cr exploit under NHRM till Oct: Govt
• RBI to come out with guidelines on refinance

DAILY GAINERS AND LOSERS

GAINERS

Kotak Bank

IDFC

Hindalco

Tech Mahindra

Coal India

LOSERS

Tata Steel

ONGC

RIL

Jindal Steel

Bharti Airtel