Mumbai Stcok Exchange Building

Mumbai Stcok Exchange Building
Mumbai Stock Exchange

Friday, March 15, 2013

Daily stock market review



Markets today ignored positive trends in Asian markets after the government and the Reserve Bank of India (RBI) said they would investigate allegations of money laundering practices following a sting operation by online magazine Cobrapost which allegedly proved that some of the largest private sector banks in the country help in money-laundering. Broader market sentiment was also hit after an analyst at Standard and Poor's said the slowdown in India's economic growth was less supportive for the country's sovereign credit ratings. Flat opening of European market also didn’t help to boost the market sentiment.

The 30-share BSE Sensex lost 142.88 points to end the day’s trading at 19427.56. The Sensex hit to a day's high of 19673.16and a fell to a day's low of 19383.13. It opened at 19570.01. The broader indices, NSE Nifty lost 36.35 points, to end the day’s trading at 5872.60. The 50-share Nifty touched a day's high of 5945.65 and fell to a day's low of 5861.00. It opened at 5914.90.

Of the 50-share Nifty pack 23 stocks ended with gains while the rest 27 stocks closed with loses. Of the 30 shares of BSE index components, 12 stocks ended in positive terrain, while the rest 18 stocks closed in negative zone.

Out of the 13 sectoral indices, 4 sectors closed in the green zone, while rest 9 sectors closed in negative territory. Top 3 gainers of the BSE sectoral indices are: BSE CD up by 2.49% and BSE IT rose by 0.25% and BSE TECk up by 0.02%. Top 3 losers in BSE sectoral index are: BSE Realty slipped by 2.81%, BSE Bankex fell by 1.67% and BSE Oil & Gas declined by 1.18%.

The market breadth stood in favor of the bears. The market breadth stood in favor of decline. Of the 2990 stocks traded on the BSE, 1114 (37.26%) rose, 1754 (58.66%) fell and 122 (4.08%) stocks remained unchanged.

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