Closing Summary, Market Synopsis: 20th March, 2013

The Indian benchmarks ended on a slightly weak note on March 20, 2013. They opened with a small gap down on weaker Asian cues and political uncertainty arising out of withdrawal of support of UPA by DMK. The day was characterized by sluggish, but volatile trading. This was the fourth consecutive fall in benchmarks as concerns over the continuity of policy reforms and a slowing economy kept buyers at bay. These led the Sensex to close at the level of 18884.19 i.e. down by 123.91 points and the Nifty to close at the level of 5694.4 i.e. down by 51.55 points. The midcap index and the small cap index closed in red with the loss of one and nine-tenth of a percentage point and two and one-third of a percentage point respectively. On the sectoral front the indices closed mixed. Realty Index was the biggest looser with the loss of more than four and two-third of a percentage point. This was followed by Power Index which closed with the loss of two and two-third of a percentage point. On the other hand FMCG Index closed as the largest gainer with the gain of two-third of a percentage point.

Further, the market breadth closed negative as two stocks were seen advancing against nine declining stocks.