ECONOMY ANALYSIS
FM to authorities: Share information to check tax evasion
Reliance Jio issued 2.2 cr numbers for telecom services
Ex-Air India exec appeals against Jet-Etihad deal: Sources
Probe team grills TISCO fuel plant consultant
AP Assembly given 6 weeks to take a call on Telangana bill
Jaguar Land Rover global sales up 25% in Nov
Oct IIP may contract to 1.2%; Nov CPI to be sticky at 10%: Poll
MARKET ANALYSIS
In its biggest drop in three weeks, the benchmark Sensex today fell by nearly 246 points to slip below the 21,000-level hurt by losses in rate-sensitive shares ahead of the release of industrial
production and retail inflation data that may influence the RBI policy next week.
The index, which lost 155 points in the previous 2 days, fell by 245.80 points, or 1.16 per cent, to end at 20,925.61 as auto, banking and capital goods stocks dropped. This was its sharpest fall since 406-point plunge on November 21.
"It is very likely that the RBI will raise the repo rate on December 18," said Raghu Kumar, co-founder, RKSV.
Weak global markets after fresh jitters that a US budget deal would make it easier for the Federal Reserve to pare its USD 85-billion-a-month economic stimulus, also weighed.
MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHANGE % CHANGE
SENSEX 20925.61 -245.80 -1.16
NIFTY 6237.05 -70.85 -1.12
BANK NIFTY 11635.50 -148.85 -1.26
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