Thursday, 9 May 2013

Closing Summary, Market Synopsis: 9th May, 2013

The Indian benchmarks ended the day on a negative territory on May 09, 2013. After opening flat, they could not maintain the opening level and drifted downward. In the second half they gathered momentum and tried to rebound but could not cross the earlier highs and closed in red. Thus key benchmarks snap three-day winning streak on Thursday on profit booking in blue chip stocks. All these led the Sensex to close at the level of 19939.04 i.e. down by 51.14 points and the Nifty to close at the level of 6050.15 i.e. down by 19.15 points. The midcap index and the small cap index, both closed in red with a loss of nearly four-tens of a percentage point and one-tens of a percentage point respectively. On the sectoral front, the indices closed mixed. IT Index was the biggest gainer with the gain of nearly nine-tens of a percentage point. This was followed by the Teck Index which closed with the gain of half percentage point. On the other hand Healthcare Index closed as the biggest loser with a loss of nearly one and six-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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