The Indian benchmarks ended the day on a slightly positive note on May 17, 2013. After opening flat they were seen trading in a narrow range, consolidating their recent gains. There was a fresh bout of buying towards the closing hours. Most domestic players are said to have missed out on the rally as they remain worried about the weak macro-environment. it is clear that the market needs a bigger dose of liquidity to be able deliver meaningful returns hereon. Standard & Poor's reiterated its negative rating outlook on India's credit rating, which is one notch above junk status, warning of risks if the government carries out less reform than the agency says is needed to boost growth. All these led the Sensex to close at the level of 20286.12 i.e. up by 38.79 points and the Nifty to close at the level of 6187.30 i.e. up by 17.40 points. The midcap index and the small cap index closed in green with a gain of nearly three-tens of a percentage point and one-tens of a percentage point respectively. On the sectoral front, the indices closed mixed. The Power Index was the biggest gainer with the gain of nearly three and one-tens of a percentage point. This was followed by the Capital Goods Index which closed with the gain of nearly three percentage point. On the other hand the Consumer Durables Index closed as the biggest loser with a loss of nearly seven-tens of a percentage point.
Further, the market breadth closed negative as four stocks were seen advancing against five declining stocks.
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