Closing Summary- Market Synopsis- 16 January, 2012

It was a cautious start for the Indian stocks this week. The equity benchmarks managed to recover smartly from session lows. For quite a long part of the day, it remained range bound due to weakness across the asian markets, but then, when it did break the range, the outcome was positive. The Indian equity market coped quite well with S&P's mass sovereign downgrade in Europe as inflation fell to a two-year low in December. Further, India's exports surged by nearly 26% during April-December 2011 period. Finally the market closed near the day’s high. This led the midcap and the small-cap counters to close flat to positive.
(Pic. Source- bseindia.com)