The Indian benchmarks ended on a positive note on April 22, 2013. After opening with a gap up, they soon corrected to touch the low of the day in the first half. A bout of fresh buying pushed the benchmarks up to close at the high of the day. The hopes of increased money flows into equities because of the recent weakness in commodity prices, as well as an improvement in India’s macroeconomic fundamentals, were driving the uptrend. However the market could be volatile as it is a truncated week and also F&O expiry is lined up on Thursday. Today’s rally was broad-based with mid and small cap shares rising in line with their large cap counterparts. All these led the Sensex to close at the level of 19169.83 i.e. up by 153.37 points and the Nifty to close at the level of 5834.40 i.e. up by 51.30 points. The midcap index and the small cap index closed in green with the gain of one and four-tens of a percentage point and nine-tens of a percentage point respectively. On the sectoral front, all the indicies, except two closed in green. Consumer Durables Index was the biggest gainer with the gain of four and quarter of a percentage point. This was followed by Realty Index which closed with the gain of three and four-tenth of a percentage point. On the other hand IT Index closed as the only looser with the loss of slightly more than two and two-third of a percentage point.
Further, the market breadth closed positive as five stocks were seen advancing against three declining stocks.
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