Friday 4 January 2013

Market Synopsis: 4th January, 2013



The major Indian equity benchmarks started the day on January 4, 2013 at the similar levels as that of previous day’s close. During the early part of the day they lost some ground on the back of profit booking by traders . This was taking cues from overseas market as minutes of US Federal December policy meeting indicated that central bank's officials were concerned over its soft monetary policy. At the lower levels , a fresh buying impetus emerged in the second half and revived the sagging sentiment. This led the Sensex to close at the level of 19784.08 i.e., up by 19.30 points & Nifty to close at the level of 6016.15 i.e., up by 6.65 points. The midcap index and small-cap index closed positive with the gain of more than a quarter of a percentage point each. On the sectoral front on BSE, the indices closed mixed. Oil & Gas index was trading as the major gainer followed by PSU Index with gains of just more than one percentage point. While Metal Index was trading with the highest losses with a loss of more than one percentage point. Further, the market breadth was neutrally placed as one stock was seen advancing for each declining stock. Find out morehttp://www.facebook.com/bmawealth/app_206541889369118

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