The Indian benchmarks ended the day on a flat note amid
listless trading on June 21, 2013. After opening weak, benchmarks started
consolidating and moved ahead. But at higher levels, strong selling pressure
pushed the benchmarks down. However, towards the end, they again rebounded to
close near the highs of the day. The rupee gained sharply, coming off lows
since morning, at 59.23/25 versus Thursday’s close of 59.57/58 on the back of
dollar inflows related to Essar Steel's USD 1 billion overseas borrowing. There
was a risk off attitude across all asset class. Even the precious metal pack
also traded in negative zone. All these led the Sensex to close at the level of
18774.24 i.e. up by 54.95 points and the Nifty to close at the level of 5667.65
i.e. up by 11.75 points. The midcap index and the small cap index closed in red
with the loss of more than one and a quarter of a percentage point and more
than one-third of a percentage point respectively. On the sectoral front, the
indicies closed mixed. The IT Index closed as the biggest gainer with a gain of
more than one and four-tens of a percentage point. This was followed by the
Teck Index which closed with the gain of more than one and one-tens of a
percentage point. On the other hand the Metal Index closed as the biggest loser
with the loss of more than one and four-tens of a percentage point.
Further, the market breadth closed negative as three stocks
were seen advancing against four declining stocks.
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