The Indian benchmarks ended on a positive note on April 15, 2013. After opening with a gap down, some buying support emerged which stabilized the benchmarks. The final impetus was given by the March WPI figures which hit a 40-month low at 5.96 percent. Core inflation data was also below 4 percent. Banking stocks closed with smart gains on hopes of a rate cut by the central bank in its credit policy on May 3. Gold & Silver prices took a dramatic U-turn on Monday, reversing early gains to drop to a two-year trough after bullion futures fell on fears about central bank sales and holdings on global exchange-traded funds sank to their lowest in more than a year. All these led the Sensex to close at the level of 18357.80 i.e. up by 115.24 points and the Nifty to close at the level of 5568.40 i.e. up by 39.85 points. The midcap index and the small cap index closed in green with the gain of fifteen basis points of a percentage point and four-tenth of a percentage point respectively. On the sectoral front, the indicies closed mixed. Oil & Gas Index was the biggest gainer with the gain of two and one-third of a percentage point. This was followed by FMCG Index which closed with the gain of slightly less than one and half a percentage point. On the other hand Consumer Durable Index closed as the biggest looser with the loss of more than two percentage points.
Further, the market breadth closed slightly positive as six stocks were seen advancing against five declining stocks.
Further, the market breadth closed slightly positive as six stocks were seen advancing against five declining stocks.
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