ECONOMY ANALYSIS
- Nov inflation rises to 7.52%, 25 bps rate hike seen
- Aim to grow 10x in 10yrs; eco slowdown behind us
- 10% revenue growth for FY14 could be a challenge: TTK
- ED attaches Rs 100 cr assets in NSEL case
- GSK open offer premium of 26% ‘healthy’: Centrum
- Price hike will help protect, maintain margin: M&M
- China flash HSBC PMI slows to 3-month low
MARKET ANALYSIS
- The Nifty, after breaching important intraday support of 6,150, closed near day’s low led by profit-booking in oil & gas, auto and FMCG sectors. Rate-sensitives are likely to be in action in coming sessions ahead of the Reserve Bank of India’s policy meet.
- The WPI inflation rose to 7.52 per cent in November vs 7 per cent in October and against ET Now poll expectations of 7.1 per cent. The inflation is highest since September 2012 The market breadth was negative on the NSE with 312 gainers against 435 losers.
- The foreign institutional investors snapped 10-day buying streak by selling shares worth Rs 4.32 billion on Friday. They also sold index futures worth Rs 9.02 billion and stock futures worth Rs 6.76 billion on Friday.
MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHANGE % CHANGE
SENSEX 20659.52 -56.06 -0.27
NIFTY 6154.70 -13.70 -0.22
BANK NIFTY 11372.95 +6.05 0.05
US MARKET
INDEX CLOSE CHANGE
DOW FUTURES 15755.36 15.93
NASDAQ FUTURES 4000.97 2.57
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