The Indian benchmarks ended on a slightly weak note on February 15, 2013. After opening, the benchmarks started drifting down slowly but inevitably. However at the lower levels, short covering and some buying in index majors helped benchmarks recover some losses of the day. Thus benchmarks have closed at the lowest level for 2013 as they have erased the year’s gain on earning concern. Some of the biggest Indian companies have missed the analyst’s expectation. This led the Sensex to close at the level of 19468.15 i.e. down by 29.03 points and the Nifty to close at the level of 5887.40 i.e. down by 9.55 points. The midcap index closed in green with the gain of a quarter of a percentage point and the small-cap index closed in red with the loss of six-tenth of a percentage point. On the sectoral front the indices closed mixed but with negative bias . Auto Index closed as the biggest gainer with the gains of four -tenth of a percentage point. This was followed by Bank Index which closed with the gain of two -tenth of a percentage point. On the other hand Oil & Gas Index and IT Index closed as the biggest looser with the loss of eight-tenth of a percentage point and more than half a percentage point respectively.
Further, the market breadth closed negative as two stocks were seen advancing for three declining stocks.
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