The Indian benchmarks ended on a strongly negative note on April 9, 2013. After opening with a gap up , the benchmarks moved up in the first part of the day. But towards the second half strong selling pressure emerged. This selling not only wiped off the gains but pushed the benchmarks down to touch the levels last seen in September 2012. The market is preparing for what is likely to be a disappointing earnings season. Added to this, the global concerns over a possible nuclear test by North Korea is adding to the cautious mood in world markets. All these led the Sensex to close at the level of 18226.48 i.e. down by 211.30 points and the Nifty to close at the level of 5495.10 i.e. down by 47.85 points. The midcap index and the small cap index closed in red with the loss of one percent and more than eight-tenth of a percentage point respectively. On the sectoral front all the indicies, except one closed in red. IT Index was the biggest looser with the loss of two and one-tenth of a percentage point. This was followed by Teck Index which closed with the loss of slightly less than one and nine-tenth of a percentage point. On the other hand Auto Index closed as the biggest gainer with the gain of four-tenth of a percentage point.
Further, the market breadth closed neutral as five stocks were seen advancing against eleven declining stocks.
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