Friday 20 December 2013

Closing Summary, Market Synopsis: 20th December, 2013


The Indian benchmarks ended the day on a positive note on December 20, 2013. A dull start in the beginning was followed by a very strong move in the indexes in the second half. The rally was largely led by Reliance Industries after the cabinet decision on gas price and liquidity gush by foreign institutional investors despite Fed's decision to taper. The Sensex rallied 371.10 points or 1.79 percent to 21,079.72, and the Nifty rose 107.60 points or 1.74 percent to close at 6,274.25. The top five sensex gainers were Reliance, ONGC, Wipro, M&M and HDFC. While only three sensex losers were Sesa –Sterlite, Jindal Steel, and Sun Pharma,. The midcap index and the smallcap index closed in green with the gain of one and three-fourth of a percentage point and one and one-third of a percentage point respectively. On the sectoral front, all indexes except one closed in green. The Oil & Gas Index closed as the biggest gainer with the gain of nearly four percentage point. This was followed by the Realty Index which closed with the gain of two and three-forth of a percentage point. On the other hand the Consumer Durables index closed as the biggest and only looser with the loss of almost one and half a percentage point.

Further, the market breadth closed positive as three stocks were seen advancing against two declining stocks.
Photo: Closing Market Update:
The Indian benchmarks ended the day on a positive note on December 20, 2013. A dull start in the beginning was followed by a very strong move in the indexes in the second half. The rally was largely led by Reliance Industries after the cabinet decision on gas price and liquidity gush by foreign institutional investors despite Fed's decision to taper. The Sensex rallied 371.10 points or 1.79 percent to 21,079.72, and the Nifty rose 107.60 points or 1.74 percent to close at 6,274.25. The top five sensex gainers were Reliance, ONGC, Wipro, M&M and HDFC. While only three sensex losers were Sesa –Sterlite, Jindal Steel, and Sun Pharma,. The midcap index and the smallcap index closed in green with the gain of one and three-fourth of a percentage point and one and one-third of a percentage point respectively. On the sectoral front, all indexes except one closed in green. The Oil & Gas Index closed as the biggest gainer with the gain of nearly four percentage point. This was followed by the Realty Index which closed with the gain of two and three-forth  of a percentage point. On the other hand the Consumer Durables  index closed as the biggest and only looser with the loss of almost one and half  a percentage point. 

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

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