Monday, 3 June 2013

Closing Summary, Market Synopsis: 3rd June, 2013

Photo: Closing Market Update:
The Indian benchmarks ended the day on a negative note on June 3, 2013. After opening flat, they soon started losing ground consistently. Towards the last hour of trade, however, the selling got abated and benchmarks were seen getting steady. The selling spree continued during the day as investors preferred taking more profits out.  Software services provider Infosys shares hogged the limelight after the company appointed NR Narayana Murthy as an executive chairman of the board. The Sensex closed at the level of 19610.48 i.e. down by 149.82 points and the Nifty closed at the level of 5939.30 i.e. down by 46.65 points. The midcap index closed in green with the gain of quarter of a percentage point and the small cap index closed in red with a loss of twelve basis points of a percentage point. On the sectoral front, indicies closed mixed with negative bias. The Teck Index closed with the biggest gainer with the gains of more than one and one-tens of a percentage point. On the other hand the Oil & Gas Index closed as the biggest loser with a loss of more than one and eight-tens of a percentage point. This was followed by the Power Index which closed with the loss of slightly more than one percentage point.

Further, the market breadth closed negative as three stocks were seen advancing against four declining stocks
The Indian benchmarks ended the day on a negative note on June 3, 2013. After opening flat, they soon started losing ground consistently. Towards the last hour of trade, however, the selling got abated and benchmarks were seen getting steady. The selling spree continued during the day as investors preferred taking more profits out. Software services provider Infosys shares hogged the limelight after the company appointed NR Narayana Murthy as an executive chairman of the board. The Sensex closed at the level of 19610.48 i.e. down by 149.82 points and the Nifty closed at the level of 5939.30 i.e. down by 46.65 points. The midcap index closed in green with the gain of quarter of a percentage point and the small cap index closed in red with a loss of twelve basis points of a percentage point. On the sectoral front, indicies closed mixed with negative bias. The Teck Index closed with the biggest gainer with the gains of more than one and one-tens of a percentage point. On the other hand the Oil & Gas Index closed as the biggest loser with a loss of more than one and eight-tens of a percentage point. This was followed by the Power Index which closed with the loss of slightly more than one percentage point.

Further, the market breadth closed negative as three stocks were seen advancing against four declining stocks

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