Since the start of Dec FII has been Net buyer for around Rs. 2,000 Cr as compared to Rs. 550 Cr in the same period last month. Yesterday since morning we saw a lacklusture market. But as informer earlier, we saw a great movements in the B group shares. Every 5th share was on the upper circuit. Sensex made a high of 10009 but failed to cross above the 10000 mark. Nifty closed at 3041 after making high of 3052. Rupee has also closed below 48 mark. When the rupee was trading near 50 there were many analyst predicted the the rupee to touch 53-55, the same have turned bullish and now they expect it to touch 45. Crude prices have been falling. FDI down 26% in Oct
Excise collections in Nov fell 15% year on year to rs. 8556 cr. This is the 2nd consecutive month when both excise and customs duty collections have been fallen.
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