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Indian stock market daily closing report (March 21, 2013)

Contributed by Nirmal Bang

Indian markets traded in a volatile session today on account of continuation of political uncertainty in the center. The market touched day’s high point at 5757 but failed to sustain the gains and ended down around 0.66%. The markets touched lowest level of the current calendar year today. Heavy selling pressure is observed in capital goods & realty sector stocks.

Though the survival of the union government is out of question, the efficiency of the government may get affected. This has resulted into down trend in the Indian equity markets.

The breadth of the market was negative in today’s trade.