1. Mayhem on D-Street on Syria attack rumours; Sensex crashes 650 points
Market Summary
03-Sep-2013
Snapping three day winning streak, benchmarks plunged in morning deals on profit booking by investors. Markets
witnessed mayhem in late noon session by languishing nearly 4% amidst sinking Rupee against Dollar and reports of a
possible US attack on Syria. Sensex crashed 650 points and Nifty lost over 200 points at the close. Among BSE
sectorials, Banking index was the top laggard plummeting over 5%.
On global front, US markets were closed on Monday on Labor Day holiday. Asian and European markets witnessed
jittery trades and dipped in red zone. As per some news reports, Russia detacted the launch of two ballistic missiles
from the central part of the Mediterranean Sea fired towards the sea's eastern coastline. The reports had sent shock
waves across world including India. However there was no confirmation of any attack on Syrian capital Damascus as
the missiles harmlessly fell into sea.
Back home, after recovering a bit in past sessions, Rupee again plummeted to 68/USD levels today. Domestic
currency witnessed the steep fall over worries of downgrade by Standard & Poor’s. JP Morgan, HSBC and Goldman
Sachs had already downgraded India on sinking Rupee and weak macro economic factors.
Global rating agency, HSBC slashed India's GDP forecast to 4% from 5.5% earlier for the current financial year.
According to the global financials major, economic uncertainty amidst weakening Rupee could lead to slow growth in
the near future. (Read More)
IT major, Tech Mahindra jumped 1.81% to hit a 52 week high of Rs 1434.30 on BSE as Reserve Bank of India (RBI)
has allowed raising the FII purchasing limit of equity shares and convertible debentures in the company by up to 35%
of the paid up capital. (Read More)
Suzlon Energy gained 1.17% on BSE as the company is planning to mop up around Rs 5000 crore via equity shares,
GDRs, ADRs, FCCBs or NCDs or such other securities. (Read More)
MCX locked at upper circuit of 5% on BSE in the otherwise negative market. Bank of India sold 1.03% stake in the
company for Rs 20.61 crore through an open market transaction. (Read More)
Radico Khaitan spurted 4.89% on BSE as the company is reportedly in talks to sell 26% stake to Japan’s Suntory
Holdings. (Read More)
Cairn India gained 1.19% on BSE amidst rising crude oil prices in international market and fall in rupee, which will
benefit the company to fetch higher realizations from crud0e sales.
The market breadth on the BSE closed in negative. Advancing and declining stocks were 838 and 1510 respectively,
while 139 scrips remained unmoved.
The S&P BSE Sensex ended at 18234.66, down 651.47 points or 3.45%. The 30 share index touched a high and a
low of 19007.31 and 18166.17 respectively. 2 stocks advanced against 28 declining ones on the benchmark index.
The CNX Nifty lost 209.30 points or 3.77% to settle at 5341.45. The index touched high and low of 5580.95 and
5323.75 respectively. 4 stocks advanced against 46 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 5275.98 and lost 1.86% while S&P BSE Small-cap index hammered
down by 0.95% to 5193.94.
The broader S&P BSE 500 index decreased to 6556.56 (down 3.15%) and CNX 500 index declined to 4092.90 (down
3.36%).
The volatility as denoted by INDIA VIX gained 17.93% at 32.49 from its previous close of 27.55 on Monday.
Sectors in action
Banks (down 5.06%), Consumer Durables (down 4.61%) and Real Estate (down 4.39%) were the top losers. There
was no loser among BSE sectorials.

2. The Angels and the Devils
Coal India Ltd (up 1.32%) and Mahindra and Mahindra Ltd (up 0.35%) were the top gainers on the Sensex.
Hero MotoCorp Ltd (down 6.58%), Reliance Industries Ltd (down 6.07%), ITC Ltd (down 5.37%), ICICI Bank (down
5.21%) and Bharti Airtel Ltd (down 5.17%) were the top losers on the Sensex.
Benchmark Drivers
Reliance Industries Ltd (-113.40 points), ITC Ltd (-112.89 points), Housing Development Finance Corporation Ltd (-
62.02 points), ICICI Bank (-59.12 points) and HDFC Bank (-54.46 points) were the major Sensex drivers today.
On the other end ITC Ltd (-32.69 points), Reliance Industries Ltd (-29.71 points), Housing Development Finance
Corporation Ltd (-15.97 points), HDFC Bank (-15.45 points) and ICICI Bank (-14.90 points) were the major Nifty
movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5415 for next session. The next support is at 5250 and on upside it has a resistance at
5507 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
04-Sep-2013 4993 5158 5250 5415 5507 5673 5764 -
03-Sep-2013 5412 5445 5498 5532 5584 5618 5670 5341.45
02-Sep-2013 5257 5309 5390 5442 5523 5575 5656 5550.75
S&P BSE Sensex has a pivot at 18469 with first level of support and resistance at 17931 and 18773 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
04-Sep-2013 17090 17628 17931 18469 18773 19311 19614 -
03-Sep-2013 18466 18573 18729 18836 18992 19099 19256 18234.66
02-Sep-2013 17962 18117 18369 18524 18775 18930 19182 18886.13
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