Rupee slides; Nifty ends flat; HDFC up
5%
Five-year low, downstairs from its
October level of 1.77 percent led by a slide in fuel prices. Fuel
boom went down 4.9 percent reflecting the sharp plunge in global
crude prices.
It was a merging day as the business
shut the first day of the week on a level note in spite of sharp fall
in November WPI expansion and frail rupee. The Sensex lost more than
200 points and the Nifty broke 8200 level in opening trade following
decrease in Asian and US peers post further fall in crude oil prices,
but indices managed to recoup all those mislaying immediately. The
Sensex declined 31.12 points to close at 27319.56 and the Nifty fall
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, properly.
Nifty at 9000 by Budget if global mkts
balance
Indian equities saw benefit booking
profit booking on Friday with Nifty shutting beneath the 8250 level
weighed around oil and mining stocks. Even global markets have been
under pressure.
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