Closing Summary, Market Synopsis: 30th May, 2013

The Indian benchmarks ended the day on a slightly positive note on May 30, 2013. After opening with a gap down, they started gaining ground and towards the last hour of trade gained further momentum. Dealers attributed the late spike to squaring of short positions in the derivatives segment, today being the settlement day for May series. Action continued to be centered around earnings candidates in the absence of any other key trigger. Tata motors, M&M and IOC were gainers backed by better than expected financial performance. All these led the Sensex to close at the level of 20215.40 i.e. up by 67.76 points and the Nifty to close at the level of 6124.05 i.e. up by 19.75 points. The midcap index closed in green with a gain of four basis points of a percentage point and the small cap index closed in red with the loss of more than one-third of a percentage point. On the sectoral front, the indices closed mixed. The Auto Index was the biggest gainer with the gain of two and three-tens of a  percentage point. This was followed by FMCG Index which closed with the gain of one and nine-tens of a percentage point. On the other hand the Realty Index closed as the biggest looser with the loss of nearly two and four-tens of a percentage point.

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