ECONOMY ANALYSIS
- Brent in profit, heads toward $62 in changeable trade
- Nifty close above 8200, Sensex flat; HDFC soars 5%, TCS fall 3%
- Credit Suisse sees these FMCG cos gaining from low-lying crude
- India to reap $12 bn-plus budget windfall from oil slip
- Mastek up 17%, arm to federate US software company
- About 1178 shares advanced while 1724 shares dwindle on the BSE
- It was a consolidation day as the business sector shut the first day of the week on a level note regardless of sharp fall in November WPI swelling and frail rupee. The Sensex lost more than 200 points and the Nifty down 8200 level in opening trade following decline in Asian and US peers post further fall in crude oil prices, but indices managed to recoup all those losses immediately.
- The rupee frailed to a fresh ten-month low of 62.88 a dollar (down 59 paise) on the back of large corporate dollar demand.
- Sensex diminish 31.12 points to close at 27319.56 and the Nifty slide 4.50 points to 8219.60. The broader markets underperformed benchmarks with the BSE Midcap and Smallcap indices lost 0.5 percent and 0.6 percent, respectively.
DAILY GAINERS AND LOOSERS
GAINERS
HDFC
Kotak Bank 1
Coal India
ONGC
Zee Ent.
LOOSERS
DLF
BPCL
TCS
Tech
Sesa Sterlite
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