MARKET SUMMARY
The markets exhibited another volatile session today oscillating between the red and the green all throughout the day before ending marginally down. Weakness in Asian and European markets further weighed on the sentiments of the investors. India''s food inflation rose to 19.95% in the first week of December against 19.05% in the previous week due to the fast increasing prices of potatoes, pulses, milk, wheat and rice. Potato prices more than doubled at 136% and pulses became expensive by more than 40%, while onion rose by 15.4%, on an annual basis. The markets tried to stay in a positive territory on a numerous occasions but in vain. Buying was witnessed in Consumer Durable, Pharma, IT and Teck stocks while selling pressure was observed in Realty, Oil & Gas, Capital Goods and FMCG stocks. Sensex closed slightly lower by 18.52 points at 16,894.25 and Nifty flat at 5,041.75, down by 0.30 points. BSE Midcap and Smallcap closed with gains of 70.11 and 69.38 points at 6,513.30 and 7,915.76 points respectively.
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