The Sensex fell 204 points to close at 15,175 due to heavy selling in the last hour of trading, while the Nifty fell 65 points to 4,544. Key stocks like Reliance Industries fell over 3%, weighing on overall market sentiment. Srei Infrastructure's stock tanked 5% after it announced plans to raise Rs. 500 crore through infrastructure bonds. Tata group companies and pharma stocks like Ranbaxy and Orchid Chemicals rose, while the rupee fell against the dollar due to stock market outflows.

1. India-Global Market Summary 16-12-11
 Heavy selling off in the last hour trade had sent Sensex to
15,175.08 points with a drop of 204.26 points.
 Nifty drifted down by 64.80 points to 4,544.20 points on NSE
on the back of persistent selling of Capital goods and Metal
stocks.
 Blue Chip stocks like Reliance Industries shed more than
3%, which weighed down the trading sentiment.
 The shares of Kingfisher slipped 1.83% to Rs.21.40 per share as
the company breached tax norms.
 Srei Infrastructure will mop up Rs.500 crore through the issue of
Infrastructure bonds. Stocks tanked 5%.
 Reserve Bank of India has raised the External Commercial
Borrowing limit for Micro Finance Institution (MFI) to $10
million from $5 million under Automatic route.

2.  SKS Micro Finance up surged marginally by 0.27% to Rs.94.20
per share on RBI’s move to relax ECB limit for Micro Finance
sector.
 Tata group companies like Tata steel and Tata Power soared
more than 5%.
 In pharma sector, Ranbaxy laboratories increased 2.94% to
Rs.394.55.
 Orchid Chemicals & Pharmaceuticals has received $1.5 million
as mile stone payment from Merck & Co for the completion of
anti-infection drug pre-clinical research.
 From the past few days, Indian stock market was the worst
performing market among Asian market.

3.  Indian rupee ended the trade at Rs.52.88 on the interbank foreign
exchange trade as steady outflow in domestic stock market dragged
down rupee value.
 Weak dollar increased the demand for Gold in overseas market.
During the last trade, Gold futures rallied $11 to $1,608 an ounce in
New York Mercantile Exchange.
 Following the green trade in European stock market, Crude futures
demand fuelled by $1.26 to $95.31 per barrel in the commodity
division of the New York Mercantile Exchange.
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