The Indian benchmarks ended the day on a positive note on June 13, 2013. After opening with a gap up, benchmarks consistently scaled new highs for the day almost every hour. Towrads the end, however, a sort of profit booking forced the benchmarks to close little lower than the highs. There was some anticipation of a rate cut after May inflation eased further to 4.7 percent.Short covering and positive global cues also added to the zeal driving the benchmarks higher. WPI inflation dropped to 4.7 percent in May as against 4.89 percent in previous month. Indian rupee appreciated by 42 paise to 57.56 per dollar as against previous day’s closing of 57.98. This also helped the sentiment. All these led the Sensex to close at the level of 19177.93 i.e. up by 350.77 points and the Nifty to close at the level of 5808.40 i.e. up by 109.30 points. The midcap index and the small cap index closed in green with the gain of one and two-tens of a percentage point and slightly more than one percentage point respectively. On the sectoral front, all the indicies closed in green. The Consumer Durables Index closed as the biggest gainer with a gain of more than three and half a percentage point. This was followed by the Auto Index which closed with the gain of slightly more than three percentage points. On the other hand the IT Index closed as the least gainer with a gain of two and one-third of a percentage point.
Further, the market breadth closed positive as three stocks were seen advancing against two declining stocks.
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