Report On Equity Market Analysis
- Bears rampage: Sensex crashes 538 pts, Nifty ends below 8100
- Hindalco down after court rejects case closure by CBI in coal scam
- Rouble hits new lows as Russian rate hike fails to support
- China HSBC PMI contracts in Dec, raising growth concerns
- Brent falls below $60/bbl for first time since 2009
- Bloods spills on Dalal Street as bears go on a rampage. After a heavy selling day, the Sensex ended with a loss of 538 points or 2 percent at 26781.44. The Nifty closed below 8100-level, down 152.00 points or 1.8 percent at 8067.60. About 566 shares have advanced, 2312 shares declined, and 86 shares are unchanged.
- Midcaps & smallcaps were slaughtered while banking stocks too were hammered down out of shape. Bank Nifty shed 3 percent while metals fell 4 percent. Only IT index was in the green with a gain of 2 percent. Sesa Sterlite, Dr Reddy's Labs, Hindalco, SBI and Tata Power were among the laggards. TCS, Infosys, Bharti Airtel were gainers in the Sensex.
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