Tuesday 18 June 2013

Closing Summary, Market Synopsis: 18th June, 2013

The Indian benchmarks ended the day on a negative note after a volatile trading day on June 18, 2013. After opening weaker, benchmarks slid down and had a couple of bouts of volatile movement before finally settling the day in the negative zone. The weakness in rupee was one of the prime reason for such volatility. Investors seemed anxious ahead of the two-day Federal Reserve's policy meeting that will begin tonight. Investors also expect rupee to remain under pressure against the greenback till FOMC minutes are out. All these led the Sensex to close at the level of 19223.28 i.e. down by 102.59 points and the Nifty to close at the level of 5813.60 i.e. down by 36.45 points. The midcap index and the small cap index closed in green with the marginal gain of three basis points of a percentage point and quarter of a percentage point respectively. On the sectoral front, the indicies closed mixed. The Metal Index closed as the biggest gainer with a gain of three-fourth of a percentage point. On the other hand the Bankex Index closed as the biggest loser with the loss of one and one-fifth of a percentage point. This was followed by the Consumer Durables Goods Index which closed with the loss of nearly one and one-tens of a percentage point.

Further, the market breadth closed neutral as one stock was seen advancing against each declining stock.
Photo: Closing Market Update:
The Indian benchmarks ended the day on a negative note after a volatile trading day on June 18, 2013. After opening weaker, benchmarks slid down and had a couple of bouts of volatile movement before finally settling the day in the negative zone. The weakness in rupee was one of the prime reason for such volatility. Investors seemed anxious ahead of the two-day Federal Reserve's policy meeting that will begin tonight. Investors also expect rupee to remain under pressure against the greenback till FOMC minutes are out. All these led the Sensex to close at the level of 19223.28 i.e. down by 102.59 points and the Nifty to close at the level of 5813.60 i.e. down by 36.45 points. The midcap index and the small cap index closed in green with the marginal gain of three basis points of a percentage point and quarter of a percentage point respectively. On the sectoral front, the indicies closed mixed. The Metal Index closed as the biggest gainer with a gain of three-fourth of a percentage point. On the other hand the Bankex Index closed as the biggest loser with the loss of one and one-fifth of a percentage point. This was followed by the Consumer Durables Goods Index which closed with the loss of nearly one and one-tens of a percentage point.

Further, the market breadth closed neutral as one stock was seen advancing against each declining stock.


No comments:

Post a Comment