The Indian market ended positive and was firmly placed on the back of the fiscal deal reached in US. House of representatives in US passed the bill to avert US Fiscal cliff today. This helped the Indian benchmarks to finish at two years high consecutively for the second day. Strong Asian markets during the early part of the day helped indicies maintain their gains. This led the Sensex to close at the level of 19714.24 i.e., up by 133.43 points and the Nifty to close at the level of 5963.25.1 i.e., up by 42.40 points. The midcap & small-cap indicies closed in green with gains of more than half a percentage point and nearly one percentage point respectively. On the sectoral front , the indices closed mixed. Consumer Durables index closed as the major gainer with gains of more than one and a half percentage point. This was followed by Capital Goods Index which gained nearly one and a half percentage point. While FMCG index was the biggest looser with the loss of a quarter of a percentage point. Further, the market breadth closed positive as two stocks were seen advancing for each declining stock.
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(pic source:bseindia.com)
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