ECONOMY ANALYSIS
- Nifty ends above 8200, Sensex flat; HDFC soars 5%, TCS slumps 3%.
- Mastek up 17%, arm to merge US software company.
- India to reap $12 bn-plus budget windfall from oil slide.
- Credit Suisse sees these FMCG cos gaining from low crude.
- Brent gives up gains, heads toward $62 in volatile trade.
MARKET ANALYSIS
- It was a consolidation day as the market closed the first day of the week on a flat note despite sharp fall in November WPI inflation and weak rupee. The Sensex lost more than 200 points and the Nifty broke 8200 level in opening trade following decline in Asian and US peers post further fall in crude oil prices, but indices managed to recoup all those losses immediately.
- The Sensex declined 31.12 points to close at 27319.56 and the Nifty slipped 4.50 points to 8219.60. The broader markets underperformed benchmarks with the BSE Midcap and Smallcap indices lost 0.5 percent and 0.6 percent, respectively.
- The rupee weakened to a fresh ten-month low of 62.88 a dollar (down 59 paise) on the back of large corporate dollar demand.
- About 1178 shares advanced while 1724 shares declined on the Bombay Stock Exchange.
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