The Indian benchmarks ended on a weak note on March 13, 2013, when they closed near to the low point of the day. There was liquidation of long positions by traders as there was no follow up buying support from institutions. Again conflicting economic indicators is keeping investors on the tenterhooks. Industrial output in January was better than expected at 2.4 percent, but consumer inflation continued to be above 10 percent, underscoring the problems in the economy. Investors also refrained from taking aggressive positions ahead of the Reserve Bank of India's mid-quarter policy review scheduled next week. These led the Sensex to close at the level of 19362.55 i.e. down by 202.37 points and the Nifty to close at the level of 5851.2 i.e. down by 62.90 points. The midcap index and the small-cap index closed in red with the loss of one percentage point and one and a quarter of a percentage point respectively. On the sectoral front, all the indices, excepting one sectoral index closed in red. FMCG Index closed as the major gainer with the gains of half a percentage point. On the other hand Bank Index was the biggest looser with the loss of two and one-tenth of a percentage point. This was followed by Consumer Durables Index, which closed with the loss of slightly more than one and half a percentage point.
Further, the market breadth closed in negative as one stock was seen advancing against three declining stocks.
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