Closing Summary, Market Synopsis: 12th March, 2013

The Indian benchmarks ended on a weak note on March 12, 2013, in a day characterized by extreme volatility and choppiness. The announcement of better than expected IIP figures pushed the market up. While, on the other hand, a higher CPI figure spooked the sentiment and pushed the benchmarks down. At lower levels demand pressure emerged and again took the benchmarks to the day’s high. However, they could not sustain here and closed weaker. These led the Sensex to close at the level of 19564.92 i.e. down by 81.29 points and the Nifty to close at the level of 5914.10 i.e. down by 28.25 points. The midcap index and the small-cap index closed in red with the loss of nearly two-third of a percentage point and more than half a percentage point respectively. On the sectoral front, all the indices, excepting two sectoral indicies closed in red. FMCG Index closed as the major gainer with the gains nearly half a percentage point. On the other hand Consumer Durables Index was the biggest looser with the loss of nearly two percentage point. This was followed by Power Index, which closed with the loss of slightly more than one and one-third of a percentage point.

Further, the market breadth closed in negative as three stocks were seen advancing against five declining stocks.