Markets extend fall for third straight day

1. Markets extend fall for third straight day
Market Summary
05-Apr-2013
Indian Equity markets ended lower on Friday for third consecutive session after witnessing highly volatile trade moves.
Nifty lost 0.39% to end near 5550.
Despite of the selling pressure in the market, Sugar stocks rallied on cabinet's approval to partial decontrol in the
sector. Government will continue to supply subsidized sugar to ration shops. (What's Hot)
Maruti Suzuki spurted 7.23% on BSE and was the top gainer on both S&P Sensex and CNX Nifty after Japanese
currency Yen dived to touch nearly 3 year low. Yen depreciation is expected to result in low cost to company.
Bharti Airtel dipped 1.13% on BSE as Delhi High court vacated a stay order to offer 3G services across circles where
the company does not hold spectrum. (News)
Essar Oil gained 1.91% on exiting Corporate Debt Restructuring (CDR) mechanism by replacing it with new debt
facility worth Rs 9100 crore.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1430 and 1291 respectively,
while 136 scrips remained unmoved.
The S&P BSE Sensex ended at 18450.23, down 59.47 points or 0.32%. The 30 share index touched a high and a
low of 18525.45 and 18389.29 respectively. 16 stocks advanced against 14 declining ones on the benchmark index.
The CNX Nifty lost 21.50 points or 0.39% to settle at 5553.25. The index touched high and low of 5577.30 and
5534.70 respectively. 25 stocks advanced against 25 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 6144.36 and gained 0.02% while S&P BSE Small-cap index hammered
down by 0.15% to 5914.39.
The broader S&P BSE 500 index decreased to 6975.85 (down 0.27%) and CNX 500 index declined to 4366.65 (down
0.27%).
The volatility as denoted by INDIA VIX gained 1.96% at 16.16 from its previous close of 15.85 on Thursday.
Sectors in action
On the BSE Sectorial front, Oil & Gas (up 1.65%), Automobile (up 0.55%) and Metals (up 0.31%) were the top gainers.
FMCG (down 1.74%), Consumer Durables (down 0.78%) and Capital Goods (down 0.72%) were the top losers.
The Angels and the Devils
Maruti Suzuki India Ltd (up 7.23%), Oil and Natural Gas Corporation Ltd (up 2.20%), Wipro Ltd (up 2.17%), Reliance
Industries Ltd (up 1.77%) and Sterlite Industries (India) Ltd (up 1.77%) were the top gainers on the Sensex.
Housing Development Finance Corporation Ltd (down 2.84%), ITC Ltd (down 2.79%), NTPC Ltd (down 2.42%), Bharti
Airtel Ltd (down 1.13%) and ICICI Bank (down 1.11%) were the top losers on the Sensex.
Benchmark Drivers
ITC Ltd (-54.80 points), Housing Development Finance Corporation Ltd (-39.28 points), Reliance Industries Ltd (28.80
points), Maruti Suzuki India Ltd (16.29 points) and ICICI Bank (-15.37 points) were the major Sensex drivers today.
On the other end ITC Ltd (-13.65 points), Housing Development Finance Corporation Ltd (-9.46 points), Reliance
Industries Ltd (6.70 points), Maruti Suzuki India Ltd (4.13 points) and ICICI Bank (-3.68 points) were the major Nifty
movers today.

2. Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5555 for next session. The next support is at 5533 and on upside it has a resistance at
5575 levels.
CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
08-Apr-2013 5490 5512 5533 5555 5575 5598 5618 -
05-Apr-2013 5467 5516 5545 5595 5624 5674 5703 5553.25
04-Apr-2013 5539 5594 5634 5689 5729 5784 5823 5574.75
S&P BSE Sensex has a pivot at 18455 with first level of support and resistance at 18385 and 18521 respectively.
S&P BSE Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
08-Apr-2013 18248 18319 18385 18455 18521 18591 18657 -
05-Apr-2013 18151 18313 18411 18572 18671 18832 18931 18450.23
04-Apr-2013 18357 18539 18670 18853 18984 19166 19297 18509.70
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