Wednesday 4 December 2013

Closing Summary, Market Synopsis : 4th December, 2013


The Indian benchmarks ended the day on a negative note on December 4, 2013. The indexes opened on a subdued note and tried to move towards positive zone but in vain. The day was characterized by range bound trading within narrow strip. However, it was in the last hour of trade that the selling momentum picked up and forced indexes to close lower. The Sensex lost 146.21 points at 20708.71 while the Nifty ended at 6160.95 down 40.90 points. ICICI Bank , ITC , Tata Motors , ONGC , and Hindalco were major laggards in the Sensex. Among the gainers were Tata Power , Wipro , Jindal Steel , Tata Steel and Infosys .The Midcap Index and the Smallcap index closed in red with the loss of two-third of a percentage point and six basis points of a percentage point respectively. On the sectoral front most of indexes except few closed in red. The Power Index closed as the biggest gainer with the gains of one-third of a percentage point. On the other hand the Realty Index closed as the biggest loser with a loss of two and two-third of a percentage point. This was followed by the FMCG Index which closed with the loss of more than one and one-third of a percentage point.

Further, the market breadth closed negative as six stocks were seen advancing against seven declining stocks.
Photo: Closing Market Update:
The Indian benchmarks ended the day on a negative note on December 4, 2013. The indexes opened on a subdued note and tried to move towards positive zone but in vain. The day was characterized by range bound trading within narrow strip. However, it was in the last hour of trade that the selling momentum picked up and forced indexes to close lower. The Sensex lost 146.21 points at 20708.71 while the Nifty ended at 6160.95 down 40.90 points. ICICI Bank , ITC , Tata Motors , ONGC , and Hindalco were major laggards in the Sensex. Among the gainers were Tata Power , Wipro , Jindal Steel , Tata Steel and Infosys .The Midcap Index and the Smallcap index closed in red with the loss of two-third of a percentage point and six basis points of a percentage point respectively. On the sectoral front  most of indexes except few closed in red. The Power Index closed as the biggest gainer with the gains of one-third of a percentage point. On the other hand the Realty Index closed as the biggest loser with a loss of two and two-third of a percentage point. This was followed by the FMCG Index which closed with the loss of more than one and one-third of a percentage point.

Further, the market breadth closed negative as six stocks were seen advancing against seven declining stocks.

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