Friday, 17 August 2012

Market Heatmap- 16th August, 2012

From a flat start to a range-bound session and then a negative close, rather a sad session after a one day break. The rupee depreciated against the greenback as the dollar gained against other global currencies. Sustained demand for the dollar by importers added downside pressure on the domestic currency. The Sensex closed at the level of 17657.21 i.e., down by 70.99 points and the Nifty closed at the level of 5362.95 i.e., down by 17.4 points. This led the midcap and the small-cap counters to close positive. On the sectoral front, the indices closed mixed. Capital Goods, Oil&Gas and Auto indices closed as the major gainers with gains of over half a percentage point each while FMCG index closed as the major loser with losses of over two percentage points. Further, the market breadth closed flat as five stocks were seen advancing for every six declines.

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