Wednesday, 17 December 2014

DAILY MARKET ANALYSIS FOR 17/12/2014

ECONOMY ANALYSIS
 Bears rampage: Sensex crashes 538 pts, Nifty ends below 8100
 Hindalco down after court rejects case closure by CBI in coal
     scam
 Rouble hits new lows as Russian rate hike fails to support
 China HSBC PMI contracts in Dec, raising growth concerns
 Brent falls below $60/bbl for first time since 2009

http://www.researchvia.com/free-trials/
MARKET ANALYSIS
 Bloods spills on Dalal Street as bears go on a rampage. After a heavy selling
     day, the Sensex ended with a loss of 538 points or 2 percent at 26781.44.
     The Nifty closed below 8100-level, down 152.00 points or 1.8 percent at
     8067.60. About 566 shares have advanced, 2312 shares declined, and 86
     shares are unchanged.
 Midcaps & smallcaps were slaughtered while banking stocks too were
     hammered down out of shape. Bank Nifty shed 3 percent while metals fell 4
     percent. Only IT index was in the green with a gain of 2 percent. Sesa
     Sterlite, Dr Reddy's Labs, Hindalco, SBI and Tata Power were among the
     laggards. TCS, Infosys, Bharti Airtel were gainers in the Sensex.



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