1. Market Summary 08-12-11
 Sensex slumped 388.82 points to 16,488.24 points on market close
while Nifty was down 118.95 points to 4,943.65 points.
 Investors were on selling spree on Thursday market even though
the European shares were rallied with a hope that the European
leaders would reach the deal to prevent escalating borrowing costs
and protracted debt crisis in the region.
 Asian markets were down on Thursday, when sensex marked its
biggest loss compared to its peers.
 European central bank is expected to cut the interest rates in
monetary policy review meeting. The move would ease the
borrowing costs of Europe.
 Traders are cautious on European summit as the European region
would face escalation in borrowing costs and also credit rating
downgrade from S&P if the leaders failed to reach the deal on
Friday.

2.  Out of the 2,868 shares traded on BSE, 1,353 shares were
declined and 846 shares were rallied. The overall market
breadth was negative on Monday.
 Realty and consumer durables stocks were the top losers of
the Bombay Stock Exchange.
 Domestic passenger car sales soared 7% to 171,131 units in
November 2011 from 159,939 units in the corresponding
month of the last year
 Auto shares were declined after SIAM reported that the
passenger car vehicles sales may not see even single digit
growth in this fiscal year.
 Banking shares were fallen drastically by 2.71% as traders
were booked profit on short rally witnessed in the previous
sessions.

3.  Cairn-Vedanta deal has been successfully completed, said Cairn
Energy Plc in a filing to BSE.
 Indian rupee declined 4 paise to Rs.51.76 per dollar on the Foreign
Exchange market close on the back of sustained fund out flows in
Indian capital market, which induced demand for US currency in
overseas.
 WTI crude was up 24 cents to $101.63 per dollar during the early
trade on NYMX as investors are optimistic on European summit.
 Gold futures for December delivery were spurted 0.21% to
Rs.29,309 per 10 grams on MCX due to local demand for the metal.
 Silver futures for December delivery were surged by 0.23% to
Rs.57,308 per kg during the last trade on MCX