ECONOMY ANALYSIS
Sensex ends 71 pts down, Nifty below 8050; ITC falls 3%
M&M slips 2%, production halt likely for 7 days in a month
NMDC up 4%; govt asks co to ramp up production to 100 mtpa
Govt receives 4,896 queries on 'Make in India' portal
ONGC to use RIL payments to clear Venezuela dues
Coal imports rise 7% to three-month high in Nov
MARKET ANALYSIS
The S&P BSE Sensex which cracked 312 points in trade on Wednesday,
managed to recoup losses as media reports suggested that the state-run Life
Insurance Corporation of India started buying shares to stem market fall.
Life Insurance Corporation of India started buying shares, Reuters said in a
report quoting three dealers handling 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.
Tracking the momentum, the 50-share Nifty index also managed to reclaim
its crucial psychological level of 8,000 supported by gains in banks, metal
and oil & gas stocks.
The Nifty index finally ended 37.80 points lower or 0.47 per cent at
8029.80. It hit a low of 7,961.35 and a high of 8,082 in trade today.
The partially convertible 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.
Sensex ends 71 pts down, Nifty below 8050; ITC falls 3%
M&M slips 2%, production halt likely for 7 days in a month
NMDC up 4%; govt asks co to ramp up production to 100 mtpa
Govt receives 4,896 queries on 'Make in India' portal
ONGC to use RIL payments to clear Venezuela dues
Coal imports rise 7% to three-month high in Nov
MARKET ANALYSIS
The S&P BSE Sensex which cracked 312 points in trade on Wednesday,
managed to recoup losses as media reports suggested that the state-run Life
Insurance Corporation of India started buying shares to stem market fall.
Life Insurance Corporation of India started buying shares, Reuters said in a
report quoting three dealers handling 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.
Tracking the momentum, the 50-share Nifty index also managed to reclaim
its crucial psychological level of 8,000 supported by gains in banks, metal
and oil & gas stocks.
The Nifty index finally ended 37.80 points lower or 0.47 per cent at
8029.80. It hit a low of 7,961.35 and a high of 8,082 in trade today.
The partially convertible 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.
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