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Indian Closing Market Update: Positive Trend

ByeForex Trader
Published 12/18/2013, 01:06 PM
Updated 07/09/2023, 06:31 AM
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The Indian benchmarks ended the day on a positive note on December 18, 2013. The indexes opened flat and soon made the bottom of the day. Then they started inching upward and gathered momentum just before the announcement made by RBI Governor in its Mid –Term Policy Review. This momentum was carried forward post the surprising announcement of NIL change in policy rates. Indexes finally settled the day almost near the high of the day. Now, the traders are waiting for the outcome of FED meet for the announcement of tapering. This is expected to be out today evening. The Sensex surged 247.72 points to close at 20,859.86, and the Nifty climbed 78.10 points to 6,217.15, led by rate sensitive stocks, thus snapping six day loosing streak. The top five sensex gainers were BHEL, TATA Power, Bajaj Auto, Heromotocorp and L&T. While only sensex losers were Jindal Steel, SSLT, & ICICI Bank. The midcap index and the smallcap index closed in green with the gain of one and one-third of a percentage point and one and one-tens of a percentage point respectively. On the sectoral front, all the indexes closed in green. The Realty Index closed as the biggest gainer with the gain of three and half a percentage point. This was followed by the Capital Goods Index which closed with the gain of two and six-tens of a percentage point.

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

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