Friday, 13 December 2013

Closing Summary, Market Synopsis: 13th December, 2013


The Indian benchmarks ended the day on a negative note on December 13, 2013. The indexes opened negative and continued their down move with side ward bias. Once, they started trading below the opening level, the indexes could not even touch the opening mark during the day. The sentiment was drastically subdued compared to the euphoria that was seen on Monday, post assembly election results. The Sensex declined 210.03 points or one percent to 20,715.58, and the Nifty slipped 68.65 points or 1.10 percent to 6,168.40. ICICI Bank and BHEL topped the selling list, falling 4 percent each followed by HDFC, GAIL , Bajaj Auto , Hero Motocorp and State Bank of India with a 2-3 percent loss. However, Tata Motors continued to see short covering-led buying, rising 2.75 percent. This was followed by Mahindra and Mahindra, Infosys, Wipro, Tata Steel and Coal India. The midcap index and the smallcap index closed in red with the loss of one and quarter of a percentage point and almost one percentage point respectively. On the sectoral front, all indexes closed in red. The Bank Index closed as the biggest looser with the loss of two and a quarter of a percentage point. This was followed by the Power Index which closed with the loss of slightly more than two and one-fifth of a percentage point. On the other hand the IT index closed neutral with nil gain/loss.

Further, the market breadth closed negative as one stock was seen advancing against two declining stocks.
Photo: Closing Market Update:
The Indian benchmarks ended the day on a negative note on December 13, 2013. The indexes opened negative and continued their down move with side ward bias. Once, they started trading below the opening level, the indexes could not even touch the opening mark during the day. The sentiment was drastically subdued compared to the euphoria that was seen on Monday, post assembly election results.   The Sensex declined 210.03 points or one percent to 20,715.58, and the Nifty slipped 68.65 points or 1.10 percent to 6,168.40. ICICI Bank and BHEL topped the selling list, falling 4 percent each followed by HDFC, GAIL , Bajaj Auto , Hero Motocorp and State Bank of India with a 2-3 percent loss. However, Tata Motors continued to see short covering-led buying, rising 2.75 percent. This was followed by Mahindra and Mahindra, Infosys, Wipro, Tata Steel and Coal India. The midcap index and the smallcap index closed in red with the loss of one and quarter of a percentage point and almost one percentage point respectively. On the sectoral front, all indexes closed in red. The Bank Index closed as the biggest looser with the loss of two and a quarter of a percentage point. This was followed by the Power Index which closed with the loss of slightly more than two and one-fifth of a percentage point. On the other hand the IT index closed neutral with nil gain/loss. 

Further, the market breadth closed negative as one stock was seen advancing against two declining stocks.

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