The Indian benchmarks ended the day on a positive note on June 5, 2013. After opening relatively weak, they soon started losing ground in the first part of the day. However, in the later half, the benchmarks gained momentum after some sideward move and closed towards the high of the day. Just Dial, which debuted on the exchange today, was the star performer of the day, rising 15 percent above its issue price to finish at Rs 611.45 after touching a peak of Rs 628 intra-day. Reliance Industries contributed significantly to the rise in benchmarks as it gained 2.6 percent ahead of the Company’s Annual general Meeting. The undertone was cautious and global cues held key to near term trend, with most local events having been discounted. All these led the Sensex to close at the level of 19568.22 i.e. up by 22.44 points and the Nifty to close at the level of 5923.85 i.e. up by 4.40 points. The midcap index and the small cap index closed in green with the gain of six basis points of a percentage point and slightly more than one-tenth of a percentage point respectively. On the sectoral front, indicies closed mixed with positive bias. The Oil & Gas Index closed as the biggest gainer with the gains of more than one and three-forth of a percentage point. This was followed by the Realty Index which closed with the gain of slightly more than one and one third of a percentage point. On the other hand the IT Index closed as the biggest loser with a loss of more than three-fourth of a percentage point.
Further, the market breadth closed slightly negative as six stocks were seen advancing against seven declining stocks.
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