Market Wrap-Up - EF Market Times - December 18, 2012 - Eastern Financiers

Markets initiated the week on a cautious note that ended in the negative zone with loss of around half a percent ahead of Reserve Bank's policy meet and curtailed growth forecast by the government.

Market is widely anticipating RBI to keep its key policy rates unchanged in its mid quarter review today, however a cut of 25BP is expected in CRR.

Sectoral indices witnessed an assorted day with the rate sensitive sectors such as Auto, Realty and Bankex clocking gains of 0.67%, 0.2% and 0.06% respectively, while Telecom, IT, FMCG and Oil & Gas among others shaved off around 0.5-1.5%. Metal index was the leading mover in trade that impelled almost 2%.

Nifty ended the day close to the 5850 mark at 5875.90 with loss of 21.70 points and the Sensex lost 73.83 points that culminated the day for the index at 19244.42. However, broader indices staged an assertive performance marking gains of close to half a percentage point.

Source : Equity Bulls

Keywords