The Indian benchmarks ended on a strong note on February 27, 2013. They opened with the gap up on the back of strong international cues and after initial blip started their journey northward. The Economic Survey was tabled today and suggested that the economic downturn may have run its course. This gave the required Philip to the market. On the other hand Midcap shares continued to be under pressure as cash-strapped traders unwound their positions, unable to pay the margins required to hold them. The Sensex closed at the level of 19152.41 i.e. up by 137.27 points and the Nifty closed at the level of 5796.9 i.e. up by 35.55 points. The midcap index and the small-cap index closed in green with the gain of nearly three –forth of a percentage point and two-tenth of a percentage point respectively. On the sectoral front, the indices closed mixed. Capital Goods Index closed as the major gainer with gains of two and four-tenth of a percentage point. This was followed by Realty Index which closed with the gains of more than two and one-tenth of a percentage point. On the other hand, IT Index was the biggest looser with the loss of nearly one percentage point followed by Teck Index, which closed with the loss of nearly quarter of a percentage point.
Further, the market breadth closed in positive as eight stocks were seen advancing against seven declining stocks.
Further, the market breadth closed in positive as eight stocks were seen advancing against seven declining stocks.
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