Tuesday, 29 January 2013

Market Synopsis, Closing Summary: 29th January, 2013

The Indian benchmarks ended on a weak note on January 29, 2013. After opening stable, they were seen consolidating till the credit policy was announced. As per policy, the repo rate and CRR were both reduced by twenty five basis points. This gave a fresh impetus to market to scale a high of the day. But benchmarks could not sustain at higher levels and profit booking forced them to seek lower levels. This led the Sensex to close at the level of 19990.90 i.e. down by 112.45 points and the Nifty to close at the level of 6049.90 i.e. down by 24.90 points. The midcap index and the small cap index closed in red with the loss of more than half a percentage point and nine-tenth of a percentage point respectively. On the sectoral front, almost all the indices except FMCG Index closed in red. FMCG Index closed as only gainer with the gains of seven-tenth of a percentage point. point. On the other hand, Realty index closed as the major looser with the loss of more than two percentage points. This was followed by Oil & Gas Index which closed with the loss of more than one and a quarter percentage point.

Further, the market breadth closed negative as two stocks were seen advancing for each declining stock.

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