Closing Summary, Market Synopsis: 21st March, 2013

The Indian benchmarks ended on a considerably weak note on March 21, 2013 as they closed at the lowest level of calendar year 2013. They opened slightly up and after a small downward move, reversed sharply. But the benchmarks could not sustain the recovery and sharply came down to touch the lows of the day. There was wide spread destruction of prices of mid caps. Even the cues from Europe were negative as ECB declared not to provide emergency fund to Central bank of Cyprus if the settlement is not reached by Monday. These led the Sensex to close at the level of 18792.87 i.e. down by 91.32 points and the Nifty to close at the level of 5658.75 i.e. down by 35.65 points. The midcap index and the small cap index closed in red with the loss of slightly more than one percentage point and nearly one and quarter of a percentage point respectively. On the sectoral front all the indicies excepting three sectors closed in red. Realty Index was the biggest looser with the loss of nearly three percentage point. This was followed by Power Index which closed with the loss of two and one-third of a percentage point. On the other hand Consumer Durables Index closed as the largest gainer with the gain of more than three-forth of a percentage point.

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