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Tuesday 1 January 2013

Market Synopsis: 1st January, 2013


The Indian market ended in green in full strength after a firm start on January 1, 2013. This was on the back of the fiscal deal that was reached between the white house and congressional law makers to avoid the fiscal cliff. This deal would delay harsh spending cut in US by few months. This led the Sensex to close at the level of 19580.81 i.e., up by 154.10 points and the Nifty to close at the level of 5950.85.1 i.e., up by 45.75 points. The midcap & small-cap indices are trading positive with a gain of near to one percentage point . On the sectoral front all the indices closed in green. Realty index closed as the major gainer with gains of nearly two and a three forth percentage point. This was followed by Metal Index which gained more e than two percentage points. While IT index has gained the lowest and it is marginally in green. . Further, the market breadth closed positive as five stocks were seen advancing for every two declining stocks.

(picsource:bseindia.com)

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