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Indian stock market daily closing report (September 24, 2012)

Contributed by Nirmal Bang

The Indian markets ended on a negative note in a lackluster trading session today. The markets remain in co nsolidation mode today on the back of smart rally in last few sessions. Prime M inister's Economic Advisory Council Chairman C Rangarajan has said that the country's growth rate is expected to pick up in the second half of this fiscal and reach 6.7% for entire FY 12-13.

A power index was the top gainer today on the expectation of approval of debt restructuring of the state electricity bo ards (SEBs) on th e line of Chaturvedi panel's recommendations.ABG Shipyard rallied 9% today, ahead of its annual general meeting sche duled for September 27. The company has proposed to raise up to Rs 1,000 crore in it.

The breadth of the market was positive in today's trade.