Wednesday 11 September 2013

Closing Summary, Market Synopsis: 11th September, 2013

Post the extended losses in the afternoon session, the Indian equity markets have closed on a flat note on September 11, 2013. Stocks across the board ended on a mixed note. Banks and metals helped the market recover quite nicely from day’s low in last hour of trade. The Sensex rose 0.35 points to close at 19997.45 after hitting an intraday low of 19777.63 while the Nifty gained 16.40 points to close at 5913.15. Overall it was a consolidation day for the market after it rallied more than 1700 points in previous four sessions on the Sensex. The broader markets outperformed equity benchmarks with the BSE Midcap and Smallcap indices rising over 1 percent. On the sectoral front , all the indicies were trading mixed. The BSE Metal Index was the biggest gainer with the gain of 3.33%. This was followed by Realty Index, which was treading with the gain of 2.74%. On the other hand FMCG index was the biggest looser with the loss of 1.11%.

Further, market breadth closed positive as three stocks were seen advancing against two declining stocks.

Photo: Closing Market Update: 
Post the extended losses in the afternoon session, the Indian equity markets have closed on a flat note on September 11, 2013. Stocks across the board ended on a mixed note. Banks and metals helped the market recover quite nicely from day’s low in last hour of trade. The Sensex rose 0.35 points to close at 19997.45 after hitting an intraday low of 19777.63 while the Nifty gained 16.40 points to close at 5913.15. Overall it was a consolidation day for the market after it rallied more than 1700 points in previous four sessions on the Sensex. The broader markets outperformed equity benchmarks with the BSE Midcap and Smallcap indices rising over 1 percent. On the sectoral front , all the indicies were trading mixed. The BSE Metal Index was the biggest gainer with the gain of 3.33%. This was followed by Realty Index, which was treading with the gain of 2.74%. On the other hand FMCG index was the biggest looser with the loss of 1.11%.

Further, market breadth closed positive as three stocks were seen advancing against two declining stocks.

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