Wednesday 3 July 2013

Closing Summary, Market Synopsis: 3rd July, 2013



Key benchmark indices closed on a negative note today, growing crisis in Egypt, political turmoil in Portugal and downbeat Economic data from China weighed on sentiment. As per provisional closing, the S&P BSE Sensex was down 269.04 points or 1.38% to 19,194.78, CNX Nifty down by 86 points (-1.48%).The market breadth, indicating the overall health of the market, was weak. On BSE, 1,546 shares declined and 829 shares rose. A total of 138 shares were unchanged, on NSE the Advance-Decline ratio stood at 324 advances to 939 declines.

Almost all sectoral indices on BSE closed on negative note except Healthcare. The relative outperforming sectors are Healthcare, IT and Teck, sectors that dragged the market and underperformed are Realty, Metals and PSU. Top gainers on Nifty50 are Lupin, Jindalstel & Sunpharma, whereas JP Associate, Bank of Baroda & IDFC are the top losers.

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