Wednesday 11 December 2013

INDIAN MARKET OUTLOOK - 12 DECEMBER 2013

INDIAN EQUITY BENCHMARK ended lower amid a volatile
trading session, as investors turned cautious ahead of the
consumer price inflation data for November due for release
tomorrow. Further, markets shrugged off the November trade
data. Tata Motors dropped 3.35 percent to Rs 377.40 apiece as
its UK subsidiary Jaguar Land Rover (JLR) increased capex
guidance for FY15. 

Further, Shares of State Bank of India fell 5.25 percent in two
sessions to Rs 1,790 on equity dilution fears. 

 Elder Pharmaceutical has surged 12% to end at Rs 320 on
back of heavy volumes on the bourses. The company said it
has been exploring various options to reduce its deb. 

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