MARKET ANALYSIS
- The S&P BSE Sensex resumed its downtrend after a day's breather to close below 27,600 following weakness in global markets.
- Top BSE losers of the day were ONGC, Tata Steel, RIL, GAILBSE -2.50 % and Airtel.
- Global equity markets came under selling pressure as crude oil price fell to near $60 per barrel after OPEC lowered its projection for 2015 by about 300,000 barrels a day to 28.9 million a day.
- The 30-share index ended at 27,602.01, down 229.09 points or 0.82 per cent. It touched a high of 27,796.34 and a low of 27,539.47 in trade today.
- 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.
- ONGC (3.21 per cent), GAIL (2.89 per cent), Tata SteelBSE -2.85 % (2.85 per cent), Bharti Airtel (2.77 per cent) and Reliance (2.76 per cent) were among the major Sensex losers.
- Coal IndiaBSE 1.00 % (up 1 per cent), HindalcoBSE 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 gainers.
ECONOMY ANALYSIS
- Sensex ends 229 pts down; ONGC, GAIL, Reliance sink 3%
- Bharti Infra up 12%, analysts bullish on data demand hopes
- GAIL slips 3%; CLSA reiterates sell, warns downside likely
- Loan portfolio of MFIs grows 47 pc to nearly 29K cr in Q2
- RBI to come out with guidelines on refinance
- Rs 11,488 cr utilised under NHRM till Oct: Govt
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