Wednesday 23 October 2013

Closing Summary, Market Synopsis: 23rd October, 2013

The Indian benchmarks ended the day on a negative note on October 23, 2013. Markets opened in a positive zone and that itself was the high of the day. Indicies moved down throughout the day and even breached yesterday’s lows. It was in the last hour of trade that some buying emerged from the lows but still indicies could not close in positive. The market ended on a negative note with the Nifty closing below 6200, after two straight days. The Nifty ended at 6178.35 down 24.45 points. The Sensex slipped 97.09 points to close at 20767.88.The midcap index and the small cap index closed in red with the loss of three basis points of a percentage point and quarter of a percentage point respectively. On the sectoral front, the indicies closed mixed. The Capital Goods Index closed as the biggest gainer with the gain of more than half a percentage point. On the other hand the Realty Index closed as the biggest loser with the loss of nearly one and half a percentage point. This was followed by the Power Index which closed with the loss of nearly one and quarter of a percentage point.

Further, the market breadth closed neutral as one stock was seen advancing against each declining stock.

Photo: Closing Market Update:
The Indian benchmarks ended the day on a negative note on October 23, 2013. Markets opened in a positive zone and that itself was the high of the day. Indicies moved down throughout the day and even breached yesterday’s lows. It was in the last hour of trade that some buying emerged from the lows but still indicies could not close in positive. The market ended on a negative note with the Nifty closing below 6200, after two straight days. The Nifty ended at 6178.35 down 24.45 points. The Sensex slipped 97.09 points to close at 20767.88.The midcap index and the small cap index closed in red with the loss of three basis points of a percentage point and quarter of a percentage point respectively. On the sectoral front, the indicies closed mixed. The Capital Goods Index closed as the biggest gainer with the gain of more than half a percentage point. On the other hand the Realty Index closed as the biggest loser with the loss of nearly one and half a percentage point. This was followed by the Power Index which closed with the loss of nearly one and quarter of a percentage point. 

Further, the market breadth closed neutral as one stock was seen advancing against each declining stock.

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