The Indian benchmarks ended on a weak note on February 13, 2013. After opening firm, they consolidated their gains and scaled higher. However traders were cautious as there was no immediate trigger for markets to move up, except some buying at lower levels. This forced the benchmarks to travel to the weaker levels in the later half. The trade deficit further widened in January, underscoring the continuing weakness in the economy. Exports rose 0.8 percent, but this was offset by a 6.1 percent increase in imports, widening the deficit for January to USD 20 billion, up from USD 17.6 billion in December. This led the Sensex to close at the level of 19608.08 i.e. up by 47.04 points and the Nifty to close at the level of 5932.95 i.e. up by 10.45 points. The midcap index and the small-cap index closed in red with the loss of more than quarter of a percentage point and less than half a percentage point respectively. On the sectoral front the indices closed mixed. IT Index closed as the biggest gainer with the gains of one and a quarter of a percentage point. This was followed by Teck Index which closed with the gain of nearly one percentage point. On the other hand Power Index closed as the biggest looser with the loss of more than one and a half percentage point.
Further, the market breadth closed negative as two stocks were seen advancing for three declining stocks.
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