Indian markets continued their winning streak, with the Sensex gaining 1.04% and closing at 18,755.45 points. Capital goods and auto stocks performed well, with Bajaj Auto reaching a 52-week high. Wipro reported strong quarterly results that beat estimates. TCS overtook Reliance Industries to become the most valuable Indian company briefly during the day.

1. Markets continue winning streak ...Capital Goods, Auto stocks lead the
smart rally
Market Summary
02-Nov-2012
Following a gap up opening tracking positive global cues, markets consolidated the gains and extended them further
post afternoon session before closing up with handsome gains of about 1%. Nifty after reconquering 5700, ended
marginally short of 5700. IT bellwether Wipro has delighted investors with its strong Q2 show and decent Q3 guidance.
During the day TCS replaced RIL to become most valued Indian company for a while. The position was reclaimed by
RIL later in the day. As per BSE data, the market cap (m-cap) of Tata Consultancy Services at the close was Rs.
260535.47 Crores whereas m-cap of Reliance Industries Limited stood at Rs. 261943.28 Crores. TCS stock closed
1.37% up on BSE. ONGC, ITC and Coal India occupied 3rd, 4th and 5th position respectively among companies with
highest m-cap.
Auto stocks continue to shine as Bajaj Auto made its fresh 52 week high at Rs. 1905 (BSE) after making highest ever
three wheeler monthly sales in month of October. It closed 2.90% up on BSE. Hero MotoCorp also surged 2.11% on
reporting 3.31% rise in October 2012 sales.
Under pressure from all quarters, Govt withdrew to the price hike decision on non-subsidized LPG cylinders by Rs.
26.5 which was announced yesterday by Petroleum Ministry. (News)
Key Quarterly Results
Wipro Ltd has beaten the estimates by posting 24% rise in Q2 Net (consolidated). The Net Profit for quarter ended
September rose 64% yoy on standalone basis. The stock ended 0.98% up on BSE. (Featured Result)
Union Bank of India closed 8.14% up on BSE after reporting 57% rise in Q2 net profit. (News)
Apollo Tyre: For the period while the Net Sales increased by 23.74%, Net Profit grown by 240.71% and thereby NPM
improved to 3.29% as compared to 1.20% on y-o-y basis. The stock closed 2.37% down on BSE. (Result)
After hitting 52 week high at 217.30 (BSE), shares of Marico Limited plunge 4.47% as its Q2 Net dips 6% yoy. (News)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1543 and 1311 respectively,
while 130 scrips remained unmoved.
The BSE Sensex ended at 18755.45, up 193.75 points or 1.04%. The 30 share index touched a high and a low of
18793.75 and 18687.93 respectively. 26 stocks advanced against 4 declining ones on the benchmark index.
The S&P CNX Nifty gained 52.65 points or 0.93% to settle at 5697.70. The index touched high and low of 5711.30
and 5682.55 respectively. 43 stocks advanced against 7 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 6645.45 and gained 0.36% while Small-cap index jumped up by 0.33% to
7064.38.
The broader BSE 500 index increased to 7220.81 (up 0.87%) and S&P CNX 500 index rose to 4510.25 (up 0.81%).
The volatility as denoted by INDIA VIX lost 2.98% at 13.66 from its previous close of 14.08 on Thursday.
Sectors in action
On the BSE Sectorial front, Capital Goods (up 1.74%), Automobile (up 1.49%) and Banks (up 1.30%) were the top
gainers. There was no loser among BSE sector indices today.
The Angels and the Devils
GAIL (India) Limited (up 3.75%), Bajaj Auto Limited (up 2.90%), Larsen And Toubro Limited (up 2.68%), ICICI Bank (up
2.12%) and Hero MotoCorp Ltd. (up 2.11%) were the top gainers on the Sensex.
Bharti Airtel Limited (down 2.12%), Hindustan Unilever Limited (down 0.80%), Jindal Steel and Power Limited (down

2. Bharti Airtel Limited (down 2.12%), Hindustan Unilever Limited (down 0.80%), Jindal Steel and Power Limited (down
0.80%) and Sun Pharmaceutical Industries Limited (down 0.46%) were the top losers on the Sensex.
Benchmark Drivers
ICICI Bank (30.80 points), ITC Limited (28.79 points), Larsen And Toubro Limited (28.68 points), Infosys Limited (15.31
points) and State Bank of India (13.78 points) were the major Sensex drivers today.
On the other end ICICI Bank (7.71 points), Larsen And Toubro Limited (7.29 points), ITC Limited (6.43 points), Infosys
Limited (3.43 points) and State Bank of India (3.35 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5697 for next session. The next support is at 5683 and on upside it has a resistance
at 5712 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
05-Nov-2012 5654 5668 5683 5697 5712 5726 5741 -
02-Nov-2012 5567 5584 5615 5632 5663 5680 5710 5697.70
01-Nov-2012 5552 5568 5594 5609 5635 5650 5676 5645.05
Sensex has a pivot at 18746 with first level of support and resistance at 18698 and 18803 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
05-Nov-2012 18592 18640 18698 18746 18803 18852 18909 -
02-Nov-2012 18331 18388 18475 18532 18619 18676 18763 18755.45
01-Nov-2012 18306 18352 18429 18475 18552 18598 18675 18561.70
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