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.
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