The Indian benchmarks ended on a weak note on February 1, 2013. After opening at the similar levels as that of previous day’s close, market moved in a band in the early hours of trade , but with negative bias. Then announcement of quarterly results by Bharti Airtel , which missed the expectation by wide margin , triggered the selling pressure in the market. This was followed by profit booking in stocks like ICICI Bank. There was also a flash downward move in Tata motor and Ultatech Cement. This led the Sensex to close at the level of 19789.25 i.e. down by 105.73 points and the Nifty to close at the level of 5998.90 i.e. down by 35.85 points. The midcap index closed marginally in red with the loss of five basis points; While the small cap index closed in red with the loss of quarter of a percentage point. On the sectoral front the indices closed mixed but with negative bias .Consumer Durables Index closed as the biggest gainer with the gains of one and a three-forth of a percentage point. This was followed by Healthcare Index which closed with the gain of three-forth of a percentage point. On the other hand Realty Index and Auto Index closed as the biggest loosers with the loss of around one percentage point.
Further, the market breadth closed negative as six stocks were seen advancing for eight declining stocks.
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