Closing Summary, Market Synopsis: 29th April, 2013

The Indian benchmarks ended on a flattish note with some positive bias on April 29, 2013. After opening flat, they were seen trading in the similar levels. However some buying in the second half propped up the sentiment a bit. Markets are getting ready for a busy week for economic data and central bank policy meetings in the euro zone and United States apart from India. RBI meet on credit policy is going to take place on May 3, 2013 and investors are non committal prior to the meet. The action was by and large limited around the stocks that had declared their results. All these led the Sensex to close at the level of 19387.50 i.e. up by 100.78 points and the Nifty to close at the level of 5904.10 i.e. up by 32.65 points. The midcap index and the small cap index closed in green with a gain of nearly seven-tens of a percentage point and a quarter of a percentage point respectively. On the sectoral front, all the indices,
except two closed in green. Consumer durables Index was the biggest gainer with the gain of nearly two and a half of a percentage point. This was followed by FMCG Index which closed with the gain of more than two and three-tens of a percentage point. On the other hand Metal Index closed as the major loser with a loss of eight-tens of a percentage point.

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