Saturday 13 December 2014

EQUITY REPORT FOR 15 DECEMBER 2014

 commodity updates

ECONOMY ANALYSIS
  • Sensex falls 251 pts, Nifty ends below 8250; oil & gas drags
  • IEA cuts 2015 demand growth forecasts, warns on social unrest
  • Mkt's 35% gain unlikely to be replicated in 2015: Blackrock
  • India caps prices of 52 more 'essential' drugs: NPPA
  • SpiceJet to seek time till Jan for recapitalisation plan
  • TCS prepares for restructuring; may ask non-performers to leave

MARKET ANALYSIS
  • NSE index fell for a fifth session in six on Friday to post its worst weekly loss since July as oil explorers continued to slump after Brent crude prices slipped to below $63 a barrel.
  • The broader NSE index closed down 0.83 per cent at 8,224.1. For the week it lost 3.7 per cent for its worst weekly performance since mid-July.
  • The benchmark Sensex slumped by 251.33 points to end at 27,350.68 and logged its worst weekly drop in three years
  • Shares of GailBSE -4.57 % (India) fell 4.5 per cent, while Oil and Natural Gas Corp and Reliance IndustriesBSE -2.51 % Ltd slipped 3.28 per cent and 2.54 per cent, respectively

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