1. India-Global Market Summary 23-12-11
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 Fall in index heavy stocks has drifted Sensex to end the trade at
15,739 points, down 75 points on BSE. RIL was down 1.1% while
Infosys scrip declined 0.7%
 Also, the concerns over the growth of Indian economy heightened
after CLSA revised GDP growth of India to 6.7% from earlier
estimation of 7.3% for the current fiscal year.
 In sector wise, Consumer durables and oil and gas indices were
down more than 1%
 Traders were bearish on power, banking and metal stocks to see
cash over the short rally in last two days.

2.  The shares of Wipro, TCS, BHEL, Maruti Suzuki and HUL were
outperformed in the broader market. The scrips were up
0.64% to 2.17%.
 The shares of Bharti Airtel, NTPC, Jaiprakash associates, DLF
and Tata Steel were major loser in the Mumbai market. Scrips
were shed 1.5-3.24% on BSE.
 Nearly 52% percent of stocks were ended on lower note on
BSE.
 HDFC bank has increased the Non-Resident Deposits rates to
9% from 3.82% for the term period of 1-2 years.
 Monnet Ispat has planned to repurchase equity shares worth
Rs.100 crore at a price not exceeding Rs.500 a piece from the
existing equity shareholders of the company through the
open market.

3. • Foreign Investment Promotion Board (FIPB) has
rejected the plan of Bharti Shipyard to produce defence
vessels and ships upon the objections from
Department of Industrial Policy and Promotion (DIPP).
• Reserve bank of India has imposed a fine of Rs.5 lakh
on Co-operative sector lender Gondal Nagrik Sahakari
bank for breaching loan guidelines.
• Stocks of ABB up surged 3.54% to Rs.590.45 per share
after the news release that the company bagged an
order worth Rs.4,000 crore from Power Grid
Corporation of India Limited
• Suzlon energy has secured order worth Rs.935 crore.
Stocks up2%
• MBL Infra has finalized government orders aggregating
to Rs.315.79 crore; shares rallied 3% on market close.

4. Global Equity and Economic news
• The resonation of positive Job claims data were seen in
Asian markets on Friday. Asian markets ended with
smart gain except Indian market.
• Japanese stock market was closed for local holiday.
• Indian rupee was closed at Rs.52.93 per dollar with a
loss of 23 paise on the interbank foreign exchange
trade, weighed down by weakness in the domestic
stock market and high dollar demand
• WTI crude was up 26cents to $99.76 per barrel in New
York as the crude inventories declined in the last week
signaled investors crude demand may shoot up in near
future

5.  Gold futures were up $1 to $1,612 an ounce in NYMEX as
weak dollar makes the commodity to look attractive for
foreign investors.
 US stock futures rallied in the opening session in ahead of
announcement of consumer spending and new-home sales
data.
 European markets were trading higher during the early trade
with light volumes.
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