Tuesday, 2 July 2013

Closing Summary, Market Synopsis: 2nd July, 2013

The Indian benchmarks ended the day on a weak note on July 2, 2013. They opened the day with a small gap down and were seen trading in a similar range. Throughout the day, they traded sideways with downward bias. The sharp rise of last few days was getting consolidated. These benchmarks snapped three-day winning streak on profit booking weighed down by index heavyweights Reliance Industries and HDFC pack. This led the Sensex to close at the level of 19463.82 i.e. down by 113.57 points and the Nifty to close at the level of 5857.55 i.e. down by 41.30 points. The midcap index and the small cap index closed in red with the loss of more than one-third of a percentage point and ten basis points of a percentage point respectively. On the sectoral front, all the indicies except two closed in red. The Consumer Durable Index closed as the biggest gainer with the gain of more than three-fourth of a percentage point. On the other hand the Realty Index closed as the biggest loser with the loss of more than one and three fourth of a percentage point. This was followed by the PSU Index which closed with the loss of more than one percentage point.

Further, the market breadth closed neutral as one stock was seen advancing against each declining stock.

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