Thursday, 16 May 2013

Closing Summary, Market Synopsis: 16th May, 2013

The Indian benchmarks ended the day on a slightly positive note on May 16, 2013. After opening flat they soon gathered some momentum , but were seen trading in a narrow range. The focus was shifting to stock specific moves in a broader market. Hopes of commodity prices maintaining their downtrend, interest rates easing and continued global liquidity flows are the key sentiment drivers at this point. All these led the Sensex to close at the level of 20247.33 i.e. up by 34.37 points and the Nifty to close at the level of 6169.90 i.e. up by 23.15 points. The midcap index and the small cap index closed in green with a gain of nearly four-tens of a percentage point and two-tens of a percentage point respectively. On the sectoral front, the indices closed mixed. The Realty Index was the biggest gainer with the gain of nearly one and eight-tens of a percentage point. This was followed by the Oil and Gas Index which closed with the gain of nearly one and six-tens of a percentage point. On the other hand the FMCG Index closed as the biggest loser with a loss of nearly one and one-tens of a percentage point.
Further, the market breadth closed neutral as one stock was seen advancing against each declining stock.

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