The Indian benchmarks ended the day on a strong note on July 12, 2013. They opened the day with a gap up on the back of strong international cues and better than expected quarterly performance of the tech major Infosys. India's second largest software services exporter's April-June quarter net profit fell lower-than-expected 0.8 percent quarter-on-quarter to Rs 2,374 crore while rupee revenue increased higher-than-expected 7.8 percent Q-o-Q to Rs 11,267 crore. However, it was expected to report net profit at Rs 2,315 crore on revenue of Rs 11,029 crore for the quarter. This enthused the market and helped the scrip to scale heights. The trade deficit figures also narrowed for the month of June. Again the markets were waiting for the announcement of IIP figures for May expected to come at 1.5% and CPI figures expected to come at 9.2%. All these led the Sensex to close at the level of 19958.47 i.e. up by 282.41 points and the Nifty to close at the level of 6009 i.e. up by 73.90 points. The midcap index closed neutral and the small cap index closed in red with the loss of one-fifth of a percentage point. On the sectoral front, the indicies closed mixed. The IT Index closed as the biggest gainer with the gain of almost six and half percentage points. This was followed by the Teck Index which closed with the gain of five and one-tens of percentage points. On the other hand the Consumer Durables Index closed as the biggest loser with the loss of nearly one percentage point.
Further, the market breadth closed negative as eight stocks were seen advancing against nine declining stocks.
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