The Indian market ended on a weak note on January 22, 2013. The Indian benchmarks had opened flat on the back of no international cues as US market was closed for Martin Luther King Jr Day. Then market consolidated searching for a definite direction. In the later half , it started loosing ground as it had discounted better than expected third quarter results. In the meanwhile FMGC major Hindustan Unilever came out with a disappointing set of third quarter earnings. This provided the fresh negative impetus to sagging market and led the Sensex to close at the level of 19981.57 i.e.down by 120.25 points and the Nifty to close at the level of 6048.5 i.e. down by 33.80 points. The midcap index and the small cap index closed in red loosing nearly a percentage point and three forth of a percentage point respectively . On the sectoral front, the indices closed in red . Realty index and the Consumer Durables Index closed as the major looser with losses of nearly two percentage point in the order mentioned. On the other hand, Health care Index closed as the least of the loser with losses of a nearly half a percentage point.
Further, the market closed considerably negative as two stocks were seen advancing for every five declining stocks.
(picsource:bseindia.com)
No comments:
Post a Comment