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Thursday, December 30, 2010

Stock Market Updates

Indian Market:

The Nifty settled above 6050 level for first time since November 15, 2010 and the Sensex added more than 200 points on Wednesday after a big period consolidation.

The FMCG index was at 3,651.12, up by 76.70 points or by 2.15%,Consumer Durables index was at 6,233.17, up by 113.75 points or by 1.86%. The Metal index was at 17,348.57, up by 288.69 points or by 1.69%.and Oil & Gas index was at 10,559.45, down by 48.43 points or by 0.46%.

Citi India is investigating a fraud by one of its Gurgaon branch employee who has allegedly siphoned off around Rs 350 crore from various HNI clients.

Global Cues:

Asian stock markets drifted in a narrow range Wednesday, 29 December 2010 and their gains were limited on disappointing U.S. economic data. The key benchmark indices in Hong Kong, Indonesia, Japan, Singapore and South Korea rose by between 0.17% to 0.57%. But the key benchmark indices in Taiwan and China fell by between 0.09% to 0.19%.

US markets rose in light trading on Tuesday, 2 December 2010 extending December's rally, as cold weather in the Northeast lifted oil prices and energy shares.

U.S. consumer confidence unexpectedly deteriorated in December, while prices of single-family homes fell almost double the expected pace in October.

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