Wednesday, 11 December 2013

Closing Summary, Market Synopsis : 11th December, 2013

The Indian benchmarks ended the day on a negative note on December 11, 2013. The indexes opened negative and continued their down move with side ward bias. However, towards the last half an hour, some buying emerged and pushed the indexes to close higher than the opening level. Now that the euphoria over election results have ebbed down, markets have began tracking the international markets. The Sensex declined 83.85 points to close at 21,171.41, and the Nifty lost 24.95 points to close at 6,307.90. Tata Motors , TCS , Larsen and Toubro , ONGC , Bharti Airtel , GAIL , Tata Power and BHEL plunged 1-3 percent. However, shares of ITC, HDFC, Coal India and NTPC rallied 1-2.5 percent. ICICI Bank and HDFC Bank gained more than 0.5 percent. The midcap index closed in red with the loss of one-tens of a percentage point, while the small cap index closed in green with the gain of eight basis points of a percentage point. On the sectoral front, all indexes except one closed in red. The FMCG Index closed as the biggest gainer with the gain of more than half a percentage point. On the other hand the Capital Goods index closed as the biggest looser with the loss of one and four-tens of a percentage point. This was followed by the Auto Index which closed with the loss of slightly more than one percentage point.

Further, the market breadth closed negative as three stocks were seen advancing against two declining stocks.

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