Market Closed
NIFTY: 5609.10(+18.85)
SENSEX: 18629.15(+88.26)
The Indian benchmarks ended the day on a flat note on June 25, 2013. After opening flat, they lost some ground in the early hours of trade on the back of weak Chinese markets which were falling due to liquidity problems . However during the early half, the Indian benchmarks bottomed out for the day and reversed their direction to go up. This seemed primarily on short covering as derivative settlement is nearing. However, they could not maintain the gains and slipped towards the opening mark in the last hour of trade. It seems that the market is trading near its short term bottom and is likely to bounce for derivative settlement adjustment. Shares of ITC, Reliance Industries, HDFC Bank and Larsen & Toubro gained 1-2 percent. All these led the Sensex to close at the level of 18629.15 i.e. up by 88.26 points and the Nifty to close at the level of 5609.10 i.e. up by 18.85 points. The midcap index and the small cap index closed in red with the loss of more than four-tens of a percentage point respectively. On the sectoral front, the indicies closed mixed. The Oil & Gas Index closed as the biggest gainer with the gain of more than one and half of a percentage point. On the other hand the Power Index closed as the biggest loser with the loss of nearly one and one-fifth of a percentage point. This was followed by the Consumer Durables Index which closed with the loss of two-third of a percentage point.
Further, the market breadth closed negative as three stocks were seen advancing against four declining stocks.
NIFTY: 5609.10(+18.85)
SENSEX: 18629.15(+88.26)
The Indian benchmarks ended the day on a flat note on June 25, 2013. After opening flat, they lost some ground in the early hours of trade on the back of weak Chinese markets which were falling due to liquidity problems . However during the early half, the Indian benchmarks bottomed out for the day and reversed their direction to go up. This seemed primarily on short covering as derivative settlement is nearing. However, they could not maintain the gains and slipped towards the opening mark in the last hour of trade. It seems that the market is trading near its short term bottom and is likely to bounce for derivative settlement adjustment. Shares of ITC, Reliance Industries, HDFC Bank and Larsen & Toubro gained 1-2 percent. All these led the Sensex to close at the level of 18629.15 i.e. up by 88.26 points and the Nifty to close at the level of 5609.10 i.e. up by 18.85 points. The midcap index and the small cap index closed in red with the loss of more than four-tens of a percentage point respectively. On the sectoral front, the indicies closed mixed. The Oil & Gas Index closed as the biggest gainer with the gain of more than one and half of a percentage point. On the other hand the Power Index closed as the biggest loser with the loss of nearly one and one-fifth of a percentage point. This was followed by the Consumer Durables Index which closed with the loss of two-third of a percentage point.
Further, the market breadth closed negative as three stocks were seen advancing against four declining stocks.
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