Closing Market Synopsis
The Indian benchmarks ended on a firm note on January 23, 2013, after opening stable on the back of a strong US market cues. However, it soon started loosing ground, waiting for a fresh trigger to go up. Once it reached critical support levels , it rebounded sharply to close in green. Still, a cautious atmosphere was prevalent in the market as traders were waiting for the crucial announcement of RBI to be made in next week. This led the Sensex to close at the level of 20026.21 i.e. up by 45.04 points and the Nifty to close at the level of 6054.30 i.e. up by 5.80 points. The midcap index and the small cap index closed in red with the loss of nearly one percentage point each. On the sectoral front, the indices closed mixed . Teck index closed as the largest gainer with the gains of more than half a percentage point. On the other hand , Realty index closed as the major loser with losses of more than two and a quarter percentage point, followed by PSU Index , which lost by one percentage point.
Further, the market breadth closed considerably negative as two stocks were seen advancing for every five declining stocks.