Friday 22 November 2013

Closing Summary, Market Synopsis: 22nd November, 2013

The Indian benchmarks ended the day on a flat note on November 22, 2013. Indexes remained under selling pressure after starting on a firmer note. The Sensex ended down 11.66 points at 20217.39. The Nifty ended below 6000, at 5995.45 down 3.60 points. Stocks from the engineering, oil & gas and consumer durables spaces were amongst the top performers today, while those from the automobile and realty sectors were amongst the least favoured. Midcaps ended the day with marginal losses where, BSE Mid Cap index down by about 0.1% while smallcaps ended higher, with the BSE Small Cap index closing with gains of about 0.1%.Oil slipped below USD 110 a barrel but was on track to end higher for the second week running, with investors awaiting the outcome of talks on Iran's nuclear programme. Gold premiums in India steadied on Friday on scarcity of stocks or domestic consumption despite muted demand, amid steady prices in the domestic market. The RBI was suspected to have sold dollars via state-run banks starting at around 62.93 rupee levels in a bid to support the local currency.
Photo: Closing Market Update:
The Indian benchmarks ended the day on a flat note on November 22, 2013. Indexes remained under selling pressure after starting on a firmer note. The Sensex ended down 11.66 points at 20217.39. The Nifty ended below 6000, at 5995.45 down 3.60 points. Stocks from the engineering, oil & gas and consumer durables spaces were amongst the top performers today, while those from the automobile and realty sectors were amongst the least favoured. Midcaps ended the day with marginal losses where, BSE Mid Cap index down by about 0.1% while smallcaps ended higher, with the BSE Small Cap index closing with gains of about 0.1%.Oil slipped below USD 110 a barrel but was on track to end higher for the second week running, with investors awaiting the outcome of talks on Iran's nuclear programme. Gold premiums in India steadied on Friday on scarcity of stocks or domestic consumption despite muted demand, amid steady prices in the domestic market. The RBI was suspected to have sold dollars via state-run banks starting at around 62.93 rupee levels in a bid to support the local currency.

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