ECONOMY ANALYSIS
- Fund-raising via IPOs sinks to 12-yr low in 2013
- ONGC finds fresh oil, gas reserves in KG field
- May revive GMR project to guard Indian investment: Maldives
- RIL to increase KG-D6 gas output
- Help pouring in for the homeless: Kejriwal
- Foreign retailers wary of entering food biz in India
- Oman’s oil exports to India record high growth
MARKET ANALYSIS
- After dropping 157 points in early trade amid weak global cues, the Sensex today recouped some losses in the latter half on the back of continued strength in IT stocks to end the day with a 37-point fall.
- Selling in bluechips led by auto sector on reports of lower vehicle sales and funds offloading power and capital goods shares weighed on the market sentiment, traders said.
- Brokers said the falling auto sales in December dashed hopes of investors. Tata Motors dropped 2.49 per cent after the automaker reported 42 per cent fall in December sales, while Mahindra and Mahindra lost 3.85 per cent.
- Yesterday, US stocks kicked off the new year in the red, falling in a sell-off following solid gains in 2013. The Dow Jones Industrial Average fell 135.31 points and the S&P 500 declined 16.38 points.
MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHANGE % CHANGE
SENSEX 20851.33 -37.00 -0.18
NIFTY 6211.15 -10.00 -0.16
BANK NIFTY 11181.65 -1.55 -0.01
US MARKET
INDEX CLOSE CHANGE
DOW FUTURES 16441.35 -135.31
NASDAQ FUTURES 4143.07 -33.52
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