The Indian benchmarks ended almost at the day’s high on May 08, 2013. After opening with a small gap up, they could not maintain the gains and drifted downward. But, it was only in the second half that they gathered momentum and closed firmly at the day’s high. It was a fresh three month’s high. The bullish mood in world markets, sustained buying by foreign institutional investors and better-than-expected quarterly numbers from HDFC were the driving factors. The Congress victory in the Karnataka state poll was also seen as a positive development. All these led the Sensex to close at the level of 19990.18 i.e. up by 101.23 points and the Nifty to close at the level of 6069.30 i.e. up by 25.75 points. The midcap index and the small cap index, both closed in green with a gain of nearly half percentage point. On the sectoral front, the indices closed mixed. FMCG Index was the biggest gainer with the gain of nearly one and a half percentage point. This was followed by Bankex Index which closed with the gain of one-tens of a percentage point. On the other hand Capital Goods Index closed as the biggest loser with a loss of nearly seven-tens of a percentage point.
Further, the market breadth closed equal as one stock was seen advancing against one declining stock
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