Continuing with yesterday’s momentum, markets began on buoyant note tracking global cues. Markets worldwide are exhibiting optimism following passage of the “fiscal cliff” deal by U.S. Congress. The deal will trigger higher taxes for wealthy Americans instead of across the board taxes and spending cuts to the tune of over 600 billion US dollars. Nifty surpassed 6000 for the first time in two years before settling at 5993 levels. Sensex ended above 19700.

1. Nifty settles near 6000 tracking firm global cues post "fiscal cliff" deal
Market Summary
02-Jan-2013
Continuing with yesterday’s momentum, markets began on buoyant note tracking global cues. Markets worldwide are
exhibiting optimism following passage of the “fiscal cliff” deal by U.S. Congress. The deal will trigger higher taxes for
wealthy Americans instead of across the board taxes and spending cuts to the tune of over 600 billion US dollars. Nifty
surpassed 6000 for the first time in two years before settling at 5993 levels. Sensex ended above 19700.
On macro front, signaling comforting health of the Indian manufacturing sector, the HSBC Purchasing Managers’ Index
(PMI), posted a good progress in December, by rising to its six-month high to 54.7 from 53.7 in November, its biggest
monthly rise since January 2012. Strong factory output and a rise in new orders were the attributing factors behind
good show of manufacturing PMI. (News)
Back to markets, the market breadth on the BSE closed in positive. Advancing and declining stocks were 1787 and
1178 respectively, while 140 scrips remained unmoved.
The BSE Sensex ended at 19714.24, up 133.43 points or 0.68%. The 30 share index touched a high and a low of
19756.68 and 19686.50 respectively. 23 stocks advanced against 7 declining ones on the benchmark index.
The S&P CNX Nifty gained 42.40 points or 0.71% to settle at 5993.25. The index touched high and low of 6006.05
and 5982.00 respectively. 35 stocks advanced against 15 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 7238.00 and gained 0.56% while Small-cap index jumped up by 0.90% to
7519.83.
The broader BSE 500 index increased to 7703.19 (up 0.69%) and S&P CNX 500 index rose to 4818.90 (up 0.68%).
The volatility as denoted by INDIA VIX gained 0.15% at 13.71 from its previous close of 13.69 on Tuesday.
Sectors in action
On the BSE Sectorial front, Consumer Durables (up 1.65%), Capital Goods (up 1.40%) and Oil & Gas (up 1.29%)
were the top gainers.
FMCG (down 0.26%) and Information Technology (down 0.07%) were the top losers.
The Angels and the Devils
Bajaj Auto Ltd (up 3.07%), Maruti Suzuki India Ltd (up 2.74%), Oil and Natural Gas Corporation Ltd (up 2.50%), Bharat
Heavy Electricals Ltd (up 2.38%) and Sterlite Industries (India) Ltd (up 2.19%) were the top gainers on the Sensex.
Wipro Ltd (down 0.78%), ITC Ltd (down 0.61%), Mahindra and Mahindra Ltd (down 0.44%), Coal India Ltd (down
0.35%) and Hindustan Unilever Ltd (down 0.14%) were the top losers on the Sensex.
Benchmark Drivers
Housing Development Finance Corporation Ltd (22.36 points), ICICI Bank (18.94 points), Larsen And Toubro Ltd
(15.85 points), Reliance Industries Ltd (15.07 points) and Oil and Natural Gas Corporation Ltd (13.64 points) were the
major Sensex drivers today.
On the other end Housing Development Finance Corporation Ltd (5.99 points), ICICI Bank (5.38 points), Larsen And
Toubro Ltd (4.08 points), Reliance Industries Ltd (3.88 points) and Oil and Natural Gas Corporation Ltd (3.57 points)
were the major Nifty movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5994 for next session. The next support is at 5981 and on upside it has a resistance
at 6006 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close

2. 03-Jan-2013 5957 5970 5981 5994 6006 6018 6030 -
02-Jan-2013 5907 5921 5936 5950 5965 5979 5993 5993.25
01-Jan-2013 5873 5885 5895 5907 5917 5929 5939 5950.85
Sensex has a pivot at 19719 with first level of support and resistance at 19682 and 19752 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
03-Jan-2013 19611 19649 19682 19719 19752 19789 19822 -
02-Jan-2013 19404 19456 19519 19571 19633 19686 19748 19714.24
01-Jan-2013 19306 19356 19391 19441 19477 19527 19562 19580.81
Follow us on This content is generated at www.finalaya.com and is governed by the Terms of Use.