The Indian benchmarks ended the day on a slightly negative note on May 20, 2013. After opening flat they were seen trading in a narrow range, consolidating their recent gains. However, towards the last hour of trade, a fresh bout of profit booking forced the benchmarks to seek lower levels. Profit booking was evident after benchmarks hit a two and half years high. Pharma stocks were severely hit today. Glaxo SmithKline Pharma, Cadila Healthcare, Cipla and Ranbaxy are likely to be negatively impacted from the new drug price control order (DPCO). All these led the Sensex to close at the level of 20223.98 i.e. down by 62.14 points and the Nifty to close at the level of 6156.90 i.e. down by 30.40 points. The midcap index and the small cap index closed in red with a loss of nearly four-tens of a percentage point and two-tens of a percentage point respectively. On the sectoral front, all the indices, except three closed in red. The Auto Index was the biggest gainer with the gain of nearly eight-tens of a percentage point. This was followed by the IT Index which closed with the gain of nearly six-tens of a percentage point. On the other hand the Healthcare Index closed as the biggest loser with a loss of nearly one and eight-tens of a percentage point.
Further, the market breadth closed negative as two stocks were seen advancing against three declining stocks.
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