Markets End High on Growth Optimism

Wednesday, February 27, 2013, Indian market closing: Indian equity markets ended in the positive on the back of positive economic outlook.
By Nidhi Gandhi |  27-02-13 | 

Indian markets edged higher after the Economic Survey 2012-13 stated that the India economy is likely to grow between 6.1% - 6.7% in 2013-14. The markets which started off on a positive note tracking firm cues from the Asian markets turned negative in early morning trade. However, the markets turned positive in mid-afternoon trade to finally end the day in the green. Volatility is likely to remain high ahead of the F&O expiry for the month of February. Market breadth was positive as on the BSE 1,441 shares advanced while 1,359 shares declined.

The BSE Sensex touched a high of 19,213 and a low of 18,998 before it ended higher by 0.72% or 137.27 points to close at 19,152. The S&P CNX Nifty too moved higher by 0.62% or 35.55 points to close at 5,797. The BSE Mid-cap and Small-cap indices ended in the positive, up by 0.74% 0.20% respectively.

10 out of the 13 indices on the BSE sectoral space ended in the green. Leading the pack of gainers was the BSE Capital Goods index which moved up by 2.41%; followed by the BSE Realty index which moved up by 2.12%. The other major gainers were the BSE Oil&Gas, BSE Metal, BSE FMCG, BSE Power and BSE PSU indices which moved up by 1.17%, 1.11%, 1.10%, 1.04% and 1.03% respectively. Leading the pack of losers was the BSE IT index, down by 0.96%; followed by the BSE Teck and BSE Healthcare indices which fell by 0.23%. and 0.04% respectively.

22 out of the 30 shares on the BSE Sensex ended in the green. The top 5 gainers were Bharti Airtel (+3.29%), L&T (+3.16%), Mahindra & Mahindra (+3.03%), ONGC (+2.91%) and Bajaj Auto (+2.23%). On the other hand, the top 5 losers were Gail India (-1.72%), Infosys (-1.56%), Tata Motors (-1.11%), Coal India (-1.08%) and Hero MotoCorp (-1.01%).

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