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Monday, 1 April 2013

Closing Summary, Market Synopsis: 1st April, 2013


The Indian benchmarks ended on a slightly positive note on April 1, 2013. After opening at the similar levels as that of last week end, benchmarks inched up only to be faced by some profit booking. This forced benchmarks to touch the low of the day, from where they bounced back again to close in green. This was in spite of the macro indicators showing that economy is yet to turn. The HSBC manufacturing Purchasing Managers' Index (PMI), an indicator of business activity in Indian factories, fell to 52.0 in March, after a surge to 54.2 in February. This was the biggest month-on-month drop since November 2011. All these led the Sensex to close at the level of 18864.75 i.e. up by 28.98 points and the Nifty to close at the level of 5704.4 i.e. up by 21.85 points. The midcap index and the small cap index closed in green with the gain of more than one and quarter of a percentage point and nearly two and one third of a percentage point respectively. On the sectoral front all the indicies except three closed in green. Realty Index was the biggest gainer with the gain of more than five and one- third of a percentage point. This was followed by Capital Goods Index which closed with the gain of nearly one and two-third of a percentage point. On the other hand Metal Index closed as the biggest looser with the loss of nearly one and quarter of a percentage point.

Further, the market breadth closed positive as three stocks were seen advancing against each declining stock.

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