DAILY MARKET ANALYSIS
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.
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