1. India-Global Market Summary 16-12-11
 In the monetary policy review meeting, RBI has pointed out the
downside risks of Indian economy and expressed concerns over
further growth in the economy, which has led Sensex to end the
trade at 2 years low.
 The thirty share index ended the trade at 15,491.35 points with a
steep loss of 15345.12 points while Nifty closed 94.75 points down
at 4,651.60 points.
 India’s central Bank has left the Interest rates and CRR unchanged.
Repo rate stood at 8.5% and reverse repo rate at 7.5%.
 Cash Reserve Ratio remained unchanged at 6%; Statutory Liquidity
Ratio stood at 24%.
 Investors had preferred to reduce positions in the second half of
trading session after RBI posed a concern over the growth of Indian
economy.

2.  Of the total shares traded on BSE, 1,884 shares were declined
and 847 shares were advanced. The overall market breadth is
negative.
 The shares such as Reliance Industries, ICICI bank, HDFC bank
and ITC had contributed significant points to drag thirty share
index in negative region.
 Rate Sensitive sectors such as Banking and Realty sectors
were ended 3% down even though RBI had not changed
interest rates.
 GAIL, Cipla and Dr.Reddy’s were closed in the positive terrain.
 RBI has restricted forward trading in the local currency by FIIs
and traders to arrest falling of rupee against dollar

3. Global news
 Positive US jobless claims and manufacturing data had
driven Dow Jones Industrial Average to end the Thursday
trade with a marginal gain of 45.33 points to 11,868.80
points
 Wall street gain was limited by the euro zone news.
 International Monetary Fund Managing Director
Christine Lagard called the global economic outlook
“quite gloomy” and urged international in resolving
European Sovereign debt crisis.
 Following the smart rally in wall street, Asian shares
were closed down Friday trade with decent gain
except Sensex.

4.  In New York, Gold futures has seen a rebound after seeing a
sizable loss in the past few days sessions. Gold futures were
up $17 to $1,594 an ounce as weak dollar makes the precious
metal to look attractive in the global market.
 WTI crude futures were trading on flat note at $93.5 in New
York Mercantile Exchange.
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