Friday 27 December 2013

Closing Summary, Market Synopsis: 27th December, 2013


The Indian benchmarks ended the day on a positive note on December 27, 2013. The indexes opened on a flat note and inched up slowly. After gaining some minor ground, they were seen consolidating their gains. They have closed near the highest weekly close but have been unable to cross them on closing basis. The market saw a strong performance with support by banks and IT stocks. The Sensex was up 118.99 points at 21193.58, and the Nifty ended at 6313.80 up 34.90 points. While the BSE Midcap gained 0.26 percent , Smallcap soared a 0.13 percent. TCS, Wipro, Cipla, HDFC, and Infosys were top gainers in the Sensex. On the losing side were Maruti, Reliance, BHEL, Bajaj Auto and Axis Bank. On the sectoral front, all the indexes except two closed in green. The IT Index closed as the biggest gainer with the gains of more than one and two-third of a percentage point. On the other hand the Oil & Gas Index closed as the biggest loser with a loss of slightly less than half a percentage point.

Further, the market breadth closed positive as seven stocks were seen advancing against six declining stocks.
Photo: Closing Market Update:
The Indian benchmarks ended the day on a positive note on December 27, 2013. The indexes opened on a flat note and inched up slowly. After gaining some minor ground, they were seen consolidating their gains. They have closed near the highest weekly close but have been unable to cross them on closing basis. The market saw a strong performance with support by banks and IT stocks. The Sensex was up 118.99 points at 21193.58, and the Nifty ended at 6313.80 up 34.90 points. While the BSE Midcap gained 0.26 percent , Smallcap soared a 0.13 percent. TCS, Wipro, Cipla, HDFC, and Infosys were top gainers in the Sensex. On the losing side were Maruti, Reliance, BHEL, Bajaj Auto and Axis Bank. On the sectoral front, all the indexes except two closed in green. The IT Index closed as the biggest gainer with the gains of more than one and two-third of a percentage point. On the other hand the Oil & Gas Index closed as the biggest loser with a loss of slightly less than half a percentage point. 

Further, the market breadth closed positive as seven stocks were seen advancing against six declining stocks.

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