On the last day of trading this week, the markets closed with moderate gains today and barring oil & gas, all sectoral indices closed positive. The CNX Midcap index was up 0.9% and the BSE Smallcap index gained 0.3%. The market breadth was positive with advances at 817 against declines of 606 on the NSE. Metals was top rising sector today. Other sectors with substantial gains included capital goods and banking and oil & gas was the only sector that closed negative. The Sensex closed at 17563, up 81 points from its previous close, and the Nifty shut shop at 5284, up 18 points. The CNX Midcap index closed with 1% gain while the BSE Smallcap index gained 0.4% in today's trade. The market breadth was positive with advances at 818 against declines of 612 on the NSE. The top Nifty gainers were Ambuja Cements, Hero MotoCorp, Hindalco and Cairn, havells, sun tv, gsk, voltas, shree cement, lanco infra while the biggest losers included Ranbaxy, Tata Power, Reliance Infra, jain irrigation, motherson sumi, crisil and Dr Reddy's.
The market had a gap up opening on the back of positive cues from the US markets. The mood was somewhat relaxed as Greece dropped the idea of a referendum on bailout package and European Central Bank unexpectedly lowered interest rates to 0.25% at 1.25%. After touching the intraday high the market witnessed some profit booking which result in Sensex slipping down briefly into negative terrotory . Reliance witnessed cut of around 1% during the afternoon session even as few FMCG and auto stocks too slipped under pressure. Positive openings in European market enabled the market to bounce back from the lows and end the day on a positive note. Midcap and small cap stocks outperformed the front liners.
