The Indian benchmarks ended the day on a weak note on June 26, 2013. After opening flat, they traded sideways with some positive bias during the first half. However, during the last hour of trade, there was some strong selling pressure which pushed the benchmarks to touch the low of the day. Even their closing was also towards the low of the day. This selling pressure got accelerated because of strong depreciation in the rupee against the greenback. The rupee had hit an all time low as bank’s stop losses were triggered. All these led the Sensex to close at the level of 18552.12 i.e. down by 77.03 points and the Nifty to close at the level of 5588.70 i.e. down by 20.40 points. The midcap index and the small cap index closed in red with the loss of more than two-third 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 the gain of more than one and two-third of a percentage point. On the other hand the Auto Index closed as the biggest loser with the loss of nearly one and eight-tenth of a percentage point. This was followed by the Metal Index which closed with the loss of one and three-tens of a percentage point.
Further, the market breadth closed negative as two stocks were seen advancing against three declining stocks.
Further, the market breadth closed negative as two stocks were seen advancing against three declining stocks.
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