Nifty ends above 5930 ahead of headline inflation data tomorrow; Jan trade deficit data second highest ever

1. Nifty ends above 5930 ahead of headline inflation data tomorrow; Jan trade
deficit data second highest ever
Market Summary
13-Feb-2013
Indian Equity Benchmarks opened marginally up on the back of supportive global cues. It continued the rally with IT
sector leading the charts on the sectorial front till late afternoon before markets started losing some sheen. Finally, the
benchmarks closed in green zone with Sensex above 19600 ahead of release of WPI numbers tomorrow.
On the trade front, India’s export spurted 0.82% at $25.58 billion in January on yoy basis snapping 8 months stint of
decline. Imports rose 6.12% to $45.58 billion leaving a trade deficit of about $20 billion. The rising trade deficit will put
further pressure on India's current account deficit and thereby reducing the margin for further rate cuts. (News)
Tata Motors was the top gainer on BSE Sensex after its UK subsidiary Jaguar Land Rover (JLR) registered 32% jump
in January 2013 sales on YoY basis. The stock closed 2.11% up on BSE. (News)
Key Quarterly Results:
Indian Oil Corporation’s Net jumped 34% in Q3 to Rs 3331.96 crore. The stock closed 0.79% up on BSE. (Featured
Result)
Hindustan Petroleum Corporation Ltd reported 95% decline in Q3's Net at Rs 147.11 crore. The stock closed 3% down
on BSE. (Result)
NMDC’s Net dipped 30% in December Quarter to Rs 1292.80 crore. The stock closed 0.24% down on BSE. (Result)
Madras Cements Ltd reported 9% increase in Net Profit of Q3 to Rs 83.6 crore. The stock closed 2.62% up on BSE.
(Result)
Unitech Ltd’s Net plunged 46% in Q3 to Rs 39.29 crore. The stock closed flat on BSE. (Result)
Fortis Healthcare posted growth of over 26 fold in its Net Profit of Q3 at Rs 705.03 crore as compared to Rs 27.02
crore YoY on consolidated basis. The stock closed 1.18% up on BSE. (News)
Hindustan Copper Ltd registered 4% decline in Net profit in Q3 to Rs 75.84 crore. The stock closed 2.71% down on
BSE. (Result)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1238 and 1653
respectively, while 151 scrips remained unmoved.
The BSE Sensex ended at 19608.08, up 47.04 points or 0.24%. The 30 share index touched a high and a low of
19723.01 and 19574.15 respectively. 13 stocks advanced against 17 declining ones on the benchmark index.
The S&P CNX Nifty gained 10.45 points or 0.18% to settle at 5932.95. The index touched high and low of 5969.50
and 5922.95 respectively. 27 stocks advanced against 23 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved down to 6704.09 and lost 0.28% while Small-cap index hammered down by 0.46% to
6707.53.
The broader BSE 500 index decreased to 7485.09 (down 0.09%) and S&P CNX 500 index declined to 4688.45 (down
0.04%).
The volatility as denoted by INDIA VIX lost 1.11% at 15.14 from its previous close of 15.31 on Tuesday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 1.29%), Automobile (up 0.26%) and Oil & Gas (up 0.12%)
were the top gainers.
Power (down 1.56%), Metals (down 1.25%) and Real Estate (down 1.15%) were the top losers.

2. The Angels and the Devils
Tata Motors Ltd (up 2.11%), Housing Development Finance Corporation Ltd (up 1.79%), Mahindra and Mahindra Ltd
(up 1.59%), Tata Consultancy Services Ltd (up 1.58%) and Infosys Ltd (up 1.26%) were the top gainers on the
Sensex.
Sterlite Industries (India) Ltd (down 2.79%), Bajaj Auto Ltd (down 2.75%), Tata Power Company Ltd (down 2.68%),
Tata Steel Ltd (down 2.18%) and GAIL (India) Ltd (down 1.96%) were the top losers on the Sensex.
Benchmark Drivers
Housing Development Finance Corporation Ltd (25.00 points), Infosys Ltd (20.13 points), ICICI Bank (18.46 points),
Tata Consultancy Services Ltd (15.58 points) and State Bank of India (-15.13 points) were the major Sensex drivers
today.
On the other end Housing Development Finance Corporation Ltd (5.53 points), ICICI Bank (5.41 points), Tata
Consultancy Services Ltd (5.12 points), Infosys Ltd (5.06 points) and Tata Motors Ltd (4.94 points) were the major
Nifty movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5942 for next session. The next support is at 5914 and on upside it has a resistance
at 5961 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
14-Feb-2013 5868 5895 5914 5942 5961 5988 6007 -
13-Feb-2013 5856 5871 5897 5912 5938 5953 5979 5932.95
12-Feb-2013 5832 5855 5877 5900 5922 5945 5967 5922.50
Sensex has a pivot at 19635 with first level of support and resistance at 19547 and 19696 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
14-Feb-2013 19398 19486 19547 19635 19696 19784 19845 -
13-Feb-2013 19327 19383 19472 19528 19617 19673 19762 19608.08
12-Feb-2013 19276 19346 19402 19473 19529 19599 19655 19561.04
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