The Indian market continued to languish in the red and finally closed the day in negative on December 17, 2012.The week had started on a quite note and similar kind of activity was observed for the rest part of the day. Markets were stuck in a narrow trading band and were seen struggling for specific direction. Some interest-rate sensitive stocks gained ahead of the central bank's policy review on Tuesday. Though RBI is not expected to ease policy rates, it could cut the cash reserve ratio or sound more dovish on inflation. This led the Sensex to close at the level of 19244.42 i.e., down by 72.83 points and the Nifty to close at the level of 5857.9 i.e., down by 21.7 points. The midcap index and the small cap index closed positive by over half a percentage point each.On the sectoral front, the indices closed mixed. Metal Index and Auto Index closed as the major gainers with gains of over a percentage point and half a percentage point respectively; while Teck Index and IT index closed as the major loser with losses of over one and a quarter percentage points.
Further the market breadth was slightly positively placed as six stocks were seen advancing against five declining stocks.
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