ECONOMY ANALYSIS
Choppy Sensex falls for 3rd day; ICICI drags, HUL & RIL up
Fertiliser Ministry removes 35% cap on neem-coated urea
Coal India workers refuse to end strike, production hit
Germany prepares for possible Greek exit from euro zone –
tabloid
Aurobindo Pharma gets USFDA nod for hypertension drug
MARKET ANALYSIS
After a volatile day, the market ended with marginal losses. The Sensex was
down 78.64 points at 26908.82 and the Nifty slipped 25.25 points at
8102.10. About 1360 shares have advanced, 1500 shares declined, and 439
shares were unchanged. HUL was up 3.5 percent while Reliance, NTPC,
Maruti and ONGC were other gainers in the Sensex. Hindalco, ICICI Bank,
GAIL, BHEL and ITC were among major losers.
Globally, the big news of the day was that the Brent crude oil prices fell
below USD 50 a barrel for the first time since May 2009 on supply glut
worries. It was down 0.86 percent to USD 47.60 a barrel and US crude
declined 0.69 percent to USD 47.60 a barrel.
In Asia, major markets like Shanghai, Hang Seng climbed over 0.6 percent
at close while European markets (at 16 hours IST) were up over 0.6 percent.
Back home, the rupee gained strength, rising 24 aise to 63.33a dollar on
fresh selling of dollar by banks on hopes of resumption of capital inflows
(at 16 hours IST).
Choppy Sensex falls for 3rd day; ICICI drags, HUL & RIL up
Fertiliser Ministry removes 35% cap on neem-coated urea
Coal India workers refuse to end strike, production hit
Germany prepares for possible Greek exit from euro zone –
tabloid
Aurobindo Pharma gets USFDA nod for hypertension drug
After a volatile day, the market ended with marginal losses. The Sensex was
down 78.64 points at 26908.82 and the Nifty slipped 25.25 points at
8102.10. About 1360 shares have advanced, 1500 shares declined, and 439
shares were unchanged. HUL was up 3.5 percent while Reliance, NTPC,
Maruti and ONGC were other gainers in the Sensex. Hindalco, ICICI Bank,
GAIL, BHEL and ITC were among major losers.
Globally, the big news of the day was that the Brent crude oil prices fell
below USD 50 a barrel for the first time since May 2009 on supply glut
worries. It was down 0.86 percent to USD 47.60 a barrel and US crude
declined 0.69 percent to USD 47.60 a barrel.
In Asia, major markets like Shanghai, Hang Seng climbed over 0.6 percent
at close while European markets (at 16 hours IST) were up over 0.6 percent.
Back home, the rupee gained strength, rising 24 aise to 63.33a dollar on
fresh selling of dollar by banks on hopes of resumption of capital inflows
(at 16 hours IST).
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