The Indian benchmarks ended on a strongly positive note, almost at the high of the day on March 8, 2013. The benchmarks opened flat and then were seen consolidating in a narrow range. But soon this transpired in to a roaring gain . A massive rally followed in the benchmarks which resulted in swift upmove. The market retained its uptrend move on global cues but investors will be keenly watching inflation and IIP data which will be announced next week. These led the Sensex to close at the level of 19683.23 i.e. up by 269.69 points and the Nifty to close at the level of 5945.7 i.e. up by 82.4 points. The midcap index and the small-cap index closed in green with the gain of more than seven-tenth of a percentage point and more than two-third of a percentage point respectively. On the sectoral front, all the indices, excepting two sectoral indicies closed in green. Oil & Gas Index closed as the major gainer with the gains of two percentage point. This was followed by FMCG Index, which closed with the gains of slightly less than two percentage point. On the other hand IT Index was the biggest looser with the loss of more than two-third of a percentage point.
Further, the market breadth closed in positive as two stocks were seen advancing against each declining stock.
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