Closing Market Update:
The Indian benchmarks ended on a strongly positive note on March 28, 2013. After opening slightly down on the back of international cues, they drifted down further. However, a strong buying in the second half at support levels pushed the benchmarks higher to close almost at the high point of the day. Extremely poor global cues had a cascading effect on the indices, which stayed in the negative territory for most part of the day. However, sentiment changed towards the last half an hour which helped the benchmarks close higher. Midcaps that were butchered in the past few sessions also rebounded with notable gains. These led the Sensex to close at the level of 18835.77 i.e. up by 131.24 points and the Nifty to close at the level of 5682.55 i.e. up by 40.95 points. The midcap index and the small cap index closed in green with the gain of nearly one and one-half of a percentage point and one and one-third of a percentage point respectively. On the sectoral front all the indicies except one closed in green. Metal Index was the biggest gainer with the gain of more than two and two- third of a percentage point. This was followed by Capital Goods Index which closed with the gain of nearly two and one-fifth of a percentage point. On the other hand Auto Index closed as the biggest looser with the loss of three-fourth of a percentage point.
Further, the market breadth closed positive as eight stocks were seen advancing against five declining stocks.
The Indian benchmarks ended on a strongly positive note on March 28, 2013. After opening slightly down on the back of international cues, they drifted down further. However, a strong buying in the second half at support levels pushed the benchmarks higher to close almost at the high point of the day. Extremely poor global cues had a cascading effect on the indices, which stayed in the negative territory for most part of the day. However, sentiment changed towards the last half an hour which helped the benchmarks close higher. Midcaps that were butchered in the past few sessions also rebounded with notable gains. These led the Sensex to close at the level of 18835.77 i.e. up by 131.24 points and the Nifty to close at the level of 5682.55 i.e. up by 40.95 points. The midcap index and the small cap index closed in green with the gain of nearly one and one-half of a percentage point and one and one-third of a percentage point respectively. On the sectoral front all the indicies except one closed in green. Metal Index was the biggest gainer with the gain of more than two and two- third of a percentage point. This was followed by Capital Goods Index which closed with the gain of nearly two and one-fifth of a percentage point. On the other hand Auto Index closed as the biggest looser with the loss of three-fourth of a percentage point.
Further, the market breadth closed positive as eight stocks were seen advancing against five declining stocks.
No comments:
Post a Comment