After a lacklustre trading session, the market managed to end in the green. The US Federal Reserve's two-day policy meeting starts today. Economists expect the Fed to reduce its asset purchase program by USD 10 billion a month. Global markets turn cautious based on this. On the other hand the government is planning to hike import duty on gold. All these led the Sensex to close at the level of 19804.03 i.e. up by 61.56 points and the Nifty to close at the level of 5850.20 i.e. up by 9.65 points. The midcap index and the small cap index closed in red with the loss of four-tens of a percentage point and eight basis points of a percentage point respectively. On the sectoral front all the indicies closed mixed. IT index was the biggest gainer with the gain of two and one-tenth of a percentage point. This was followed by Teck Index which gained one and seven–tens of a percentage point. While on other hand, Realty Index was the biggest looser with the loss of nearly nine-tens of a percentage point.
Further, the market breadth closed slightly negative as ten stocks were seen advancing against eleven declining stocks.
Further, the market breadth closed slightly negative as ten stocks were seen advancing against eleven declining stocks.
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