Monday, 24 June 2013

Closing Summary, Market Synopsis: 22nd June, 2013


The Indian benchmarks ended the day on a weak note on June 24, 2013. After opening with a gap down, it even slipped further. Some buying during the mid of the day did help them to recover and reach towards opening level, however, they could not sustain and went down further breaching the low touched in the early part of the day. However, towards the end, they did recover somewhat. The fear of further withdrawal by FIIs was on the mind of traders. On the other hand, this being a derivative settlement weak, it is being more volatile than other days. International markets are also watchful as they are waiting for important data to be announced. All these led the Sensex to close at the level of 18540.89 i.e. down by 233.35 points and the Nifty to close at the level of 5590.25 i.e. down by 77.40 points. The midcap index and the small cap index closed in red with the loss of more than two and half a percentage point and more than two and one-tenth of a percentage point respectively. On the sectoral front, all the indicies closed in red. The Healthcare Index closed as the least loser with the loss of more than three-forth of a percentage point. On the other hand the Realty Index closed as the biggest loser with the loss of nearly four and eight-tens of a percentage point. This was followed by the Consumer Durables Index which closed with the loss of three and four-tens of a percentage point.

Further, the market breadth closed negative as five stocks were seen advancing against two declining stocks.

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