Market
was flat for the last trading day of the week. Nifty and Sensex ended negative.
Today NSE benchmark Nifty closed -0.81% low and BSE Sensex with -0.91%. Traders
remained cautious ahead of IIP
and retail inflation data to be released later in the day. BSE oil and
gas index hit 7 months low. Today’s fall
is the biggest fall since July.
The
movers of the day are Ultratech Cement , Maruti, Lupin, Ambuju Cement and Sun
Pharma . And the top losers of the day are GAIL, Tata Steel, CAIRN, ONGC and
SSLT.
The
entire Broad Index ended up red. With Midcap and small cap poorly hit. CNX
pharma was up by +0.23%. India Vix was up by +7.67%. Wherein Crude oil fell
below $63/Barrel
Asian markets closed mixed. Japan's
Nikkei finished 0.66% higher, Hong Kong's Hang Seng was down 0.27%, and China's
Shanghai Composite was up 0.43% at the end of the day. US futures are also
sinking. China's industrial
output grew by a less-than-expected 7.2% in November from a year ago, but
retail sales rose 11.7%, beating forecasts.
As there
was a weakness seen in stocks and US dollar; gold were up by 3% putting it us
the biggest rise in last 6 months in global markets. The entire precious metals
even silver and platinum are showing some rise.
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