The Indian benchmarks ended the day on a flat note on January 1, 2014. The indexes opened on a slightly positive note and soon made the high of the day. Post this they were seen consolidating in a sideward manner, within a narrow band. Ultimately indexes closed in red. The first day of 2014 was completely listless for the market as institutional investors and big traders were away from the market after late night partying for new year celebration. After trading in a very tight range of 60-70 points, the Sensex closed at 21,140.48, down 30.20 points compared to previous day’s value. The Nifty was down 2.35 points to 6,301.65. The outperformance in the broader market continued. While the BSE Midcap gained 0.47 percent, Small cap soared a 1.5 percent. Bharti Airtel, NTPC, Sun Pharma, Coal India and Hero Motocorp were top gainers in the Sensex. On the losing side were Wipro, Tata Power, TCS, Reliance and Bhel. On the sectoral front, all the indexes except three closed in red. The Realty Index closed as the biggest gainer with the gains of nearly three percentage point. On the other hand IT Index closed as the biggest loser with a loss of slightly less than two-third of a percentage point.
Further, the market breadth closed positive as seven stocks were seen advancing against four declining stocks.
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