MARKET ANALYSIS
- Moderately changeable rupee was trading at 63.63 per dollar at 03:40 pm, after weakening to as much as 63.89, its lowest since November 13, 2013. It had closed at 63.53/54 on Tuesday.
- The S&P BSE Sensex which cracked 312 points in trade on Wednesday, managed to regain losses as media reports suggested that the state-run Life Insurance Corporation of India started buying shares to stem market fall.
- The 50-share Nifty index also managed to recover its critical psychological level of 8,000 supported by gains in banks, metal and oil & gas stocks.
- Life Insurance Corporation of India started buying shares, Reuters said in a report quoting three dealers pickup trades for institutional clients.
- The S&P BSE Sensex finally closed 71.31 points lower or 0.27 per cent at 26,710.13. It hit a low of 26,469.42 and a high of 26,871.91 in trade today.
- Nifty index closed 37.80 points lower or 0.47 per cent at 8029.80. It strike a low of 7,961.35 and a high of 8,082 in trade today.
ECONOMY ANALYSIS
- 7% to three-month high in November Coal imports increase.
- Sensex closes 71 pts downwards, Nifty below 8050; ITC drop 3% .
- Government receives 4,896 enquiry on 'Make in India' portal .
- NMDC up 4%; govt asks co to ramp up production to 100 mtpa .
- M&M slips 2%, production come to rest likely for 7 days in a month .
- ONGC to use RIL payments to explicit Venezuela dues .
DAILY GAINERS AND
LOSERS
GAINERS
ONGC
Sesa Sterlite
Hindalco
SBI
NMDC
LOSERS
Cairn India
DLF
Kotak Bank
Asian Paints
Cipla
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