The Indian benchmarks ended the day on a strongly positive note on May 15, 2013. After opening with a small gap up, they gathered momentum and gained a strong ground with huge volumes. As a result of this, benchmarks logged their biggest single day gain in 28 months, as India joined the ongoing party in emerging markets. The steady decline in wholesale and consumer price indices has raised hopes of a further reduction in interest rates when the RBI reviews its monetary policy in June. RBI said low inflation numbers will be taken into account in its next monetary policy on June 17. All these led the Sensex to close at the level of 20212.96 i.e. up by 490.67 points and the Nifty to close at the level of 6146.75 i.e. up by 151.35 points. The midcap index and the small cap index closed in green with a gain of nearly one and six-tens of a percentage point and one percentage point respectively. On the sectoral front, all the indices closed in green. The Realty Index was the biggest gainer with the gain of nearly four percentage point. This was followed by the Bankex Index which closed with the gain of nearly three and nine-tens of a percentage point. On the other hand the IT Index closed as the smallest gainer with a gain of nearly four-tens of a percentage point.
Further, the market breadth closed positive as nine stocks were seen advancing against four declining stocks.
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