ECONOMY ANALYSIS
- Choppy Sensex falls for 3rd day; ICICI drags, HUL & RIL up
- Fertiliser Ministry removes 35% cap on neem-coated urea
- 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.
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