Closing Market Update:
The Indian benchmarks ended on a weak note on January 31, 2013. After opening at the similar levels as that of previous day’s close, market drifted downward and the benchmarks could not cross even the opening levels. The trading was in a tight range, in spite of a derivative settlement day. ICICI Bank was hit by profit-booking after announcing performance with its quarterly earnings which was better than market expectation as it had risen prior to the results. This led the Sensex to close at the level of 19894.98 i.e. down by 110.02 points and the Nifty to close at the level of 6034.75 i.e. down by 21 points. The midcap index closed in green with the gain of half a percentage point; While the small cap index closed in red with the marginal loss of one-tenth of a percentage point. On the sectoral front the indices closed mixed .Realty Index closed as the biggest gainer with the gains of one and a four-tenth of a percentage point. This was followed by PSU Index which closed with the gain of one percentage point. On the other hand Banking Index closed as the biggest looser with the loss of four-tenth of a percentage point.
Further, the market breadth closed neutral as one stock was seen advancing for each declining stock.
The Indian benchmarks ended on a weak note on January 31, 2013. After opening at the similar levels as that of previous day’s close, market drifted downward and the benchmarks could not cross even the opening levels. The trading was in a tight range, in spite of a derivative settlement day. ICICI Bank was hit by profit-booking after announcing performance with its quarterly earnings which was better than market expectation as it had risen prior to the results. This led the Sensex to close at the level of 19894.98 i.e. down by 110.02 points and the Nifty to close at the level of 6034.75 i.e. down by 21 points. The midcap index closed in green with the gain of half a percentage point; While the small cap index closed in red with the marginal loss of one-tenth of a percentage point. On the sectoral front the indices closed mixed .Realty Index closed as the biggest gainer with the gains of one and a four-tenth of a percentage point. This was followed by PSU Index which closed with the gain of one percentage point. On the other hand Banking Index closed as the biggest looser with the loss of four-tenth of a percentage point.
Further, the market breadth closed neutral as one stock was seen advancing for each declining stock.
(Pic Source: bseindia.com)
No comments:
Post a Comment