Wednesday 15 January 2014

Closing Summary, Market Synopsis: 15th January, 2014

The Indian benchmarks ended the day on a positive note on January 15, 2014. The indexes opened flat and started inching upward consistently. It was in the middle part of the day that there was a sharp dip. But indexes rebounded quickly to scale a new high for the day. They also closed near the day’s high. The market went up sharply on the back of better than expected December WPI numbers which eased to a five month low. The Nifty ended above the 6300-level, first time after 1st January. The Nifty closed at 6320.90, up 79.05 points. The Sensex gained 256.61 points at 21289.49.The BSE Midcap index and the BSE Small Cap Index closed in green with the gain of nearly one- fifth of a percentage point and one-third of a percentage point respectively. The top five sensex gainers were L&T, HDFC, SSLT, BHEL & ICICI Bank. On the sectoral front, all indexes except two closed in green. The BSE Capital Goods Index closed as the biggest gainer with the gain of nearly two percentage point. On the other hand the BSE Consumer Durables Index closed as the biggest looser with the loss of three-forth of a percentage point.

Further, the market breadth closed neutral as one stock was seen advancing against each declining stock.

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