The Indian equity market ended on a flat note on Friday with the NSE Nifty managing to close above the 6200 mark once again. Sentiment was slightly hit early in the day after the rupee fell to a 1-month low on Friday, extending losses for a third consecutive session. The Indian currency fell to as much as 62.53 against the dollar, a level which was last seen on December 4, as against Thursday's close of 62.26.
The Capital Goods, Power, Oil and Gas and the Metals stocks were among the top losers. However the Mid-Cap and the Small-Cap index outperformed the benchmark indices. On the other hand, IT, Realty and the telecom stocks were among the top gainers.
In an important development, in a media press briefing, Prime Minister Manmohan Singh has ruled out a third term and said that he will hand over the baton to a new Prime Minister after the 2014 general elections."I have indicated that i am not going to be a candidate if UPA comes back to the power.", PM was quoted as saying.
Finally, BSE Sensex closed at 20,851 down 37 points, while NSE Nifty closed at 6,211 down 10 points over the previous close.
The Capital Goods, Power, Oil and Gas and the Metals stocks were among the top losers. However the Mid-Cap and the Small-Cap index outperformed the benchmark indices. On the other hand, IT, Realty and the telecom stocks were among the top gainers.
In an important development, in a media press briefing, Prime Minister Manmohan Singh has ruled out a third term and said that he will hand over the baton to a new Prime Minister after the 2014 general elections."I have indicated that i am not going to be a candidate if UPA comes back to the power.", PM was quoted as saying.
Finally, BSE Sensex closed at 20,851 down 37 points, while NSE Nifty closed at 6,211 down 10 points over the previous close.
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