Closing Market Update:
The Indian benchmarks ended the day on a positive note on June 28, 2013. They opened the day with a big gap up and sustained the gap post opening. They consistently inched up through the day, though slowly but inevitably. More than expected increase in gas prices provided the required impetus to the market. Again the current settlement began with a considerable light position. The rupee also strengthened against the greenback. All these led the Sensex to close at the level of 19395.81 i.e. up by 519.86 points and the Nifty to close at the level of 5842.20 i.e. up by 159.85 points. The midcap index and the small cap index closed in green with the gain of more than two and quarter of a percentage points and more than one and one-third of a percentage point respectively. On the sectoral front, all the indicies closed in green. The Metal Index closed as the biggest gainer with the gain of more than four and two-third of a percentage points. This was followed by the Power Index which closed with the gain of more than four and one-tens of a percentage points. On the other hand the Consumer Durables Index closed as the smallest gainer with the gain of eighteen basis points of a percentage point.
Further, the market breadth closed positive as two stocks were seen advancing against each declining stock.
The Indian benchmarks ended the day on a positive note on June 28, 2013. They opened the day with a big gap up and sustained the gap post opening. They consistently inched up through the day, though slowly but inevitably. More than expected increase in gas prices provided the required impetus to the market. Again the current settlement began with a considerable light position. The rupee also strengthened against the greenback. All these led the Sensex to close at the level of 19395.81 i.e. up by 519.86 points and the Nifty to close at the level of 5842.20 i.e. up by 159.85 points. The midcap index and the small cap index closed in green with the gain of more than two and quarter of a percentage points and more than one and one-third of a percentage point respectively. On the sectoral front, all the indicies closed in green. The Metal Index closed as the biggest gainer with the gain of more than four and two-third of a percentage points. This was followed by the Power Index which closed with the gain of more than four and one-tens of a percentage points. On the other hand the Consumer Durables Index closed as the smallest gainer with the gain of eighteen basis points of a percentage point.
Further, the market breadth closed positive as two stocks were seen advancing against each declining stock.
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