The Indian benchmarks ended on a flat note on February 22, 2013. After opening, the benchmarks recovered during the day on short covering. However, they could not sustain the gains made and started drifting down slowly but inevitably and finally settled flat. This was the fourth successive weekly loss as traders and investors refrained from major commitments ahead of the Budget . However leveraged positions in the market have reduced considerably in the last few weeks, laying the ground for a possible rally if the Budget has some positive surprises in store. All this led the Sensex to close at the level of 19317.01 i.e. down by 8.35 points and the Nifty to close at the level of 5850.30 i.e. down by 1.95 points. The midcap index closed marginally in green with the gain of a two basis points of a percentage and the small-cap index also closed in green with the gain 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 more than one and one-third of a percentage point. This was followed by Teck Index which closed with the gain of one and one-third of a percentage point. On the other hand FMCG Index and Auto Index closed as the biggest looser with the loss of one and four-tenth of a percentage point and more than half a percentage point respectively.
Further, the market breadth closed neutral as one stock was seen advancing for each declining stock.
Further, the market breadth closed neutral as one stock was seen advancing for each declining stock.
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