1. Markets snap 8-day losing streak; BHEL tanks 19% as Q1 Net dips 50%
Market Summary
05-Aug-2013
Indian indices started marginally up amidst mixed trades in global markets. Choppy markets edged higher in late
morning deals with Nifty hovering around 5700. Subsequently markets pared some gains on July services PMI
languishing to lowest since April 2009. Snapping eight days losing streak, Indian benchmarks ended marginally in
green.
Among global markets, US and Asian indices traded on a mixed note as data showed US employers slowed their pace
of hiring in July. European indices traded in positive terrain.
Back home, services sector, which makes nearly 60% of India’s economic output, tumbled in July to lowest level since
April 2009 amid declining new businesses. The HSBC services Purchasing Managers’ Index (PMI) dropped to 47.9 in
July from 51.7 in the previous month. A sub-index for the Indian PMI measuring new business fell to 47.8 in July from
51.9 in June amid signs of an increasingly fragile economy. (Read More)
Financial Technologies (India) Ltd (FTIL) soared 30.88% on hopes of averting a payment crisis after NSEL settlement
woes. Jignesh Shah, founder of the FinTech assured the phased payout to investors in coming months as most of the
trading members had proposed settling outstanding contracts. The stock tanked over 73% to a record low last week
after commodities exchange unit National Spot Exchange Ltd (NSEL) suspended trading in most one-day forward
contracts.
GlaxoSmithKline Consumer Healthcare slumped 4.04% on BSE as Standard Chartered Securities downgraded the
stock to "under-perform".
Key Quarterly Results
Coal India had hit record low at Rs 248 on BSE on reporting 22.42% fall in Q1 Net at Rs 3550.60 crore as compared
to Rs 4576.57 crore for the same quarter in the previous year. On the consolidated basis, the group registered a fall of
16.52% in its net at Rs 3731.04 crore for the quarter as compared to Rs 4469.26 crore year on year. The stock
subsequently surged 3.36% on BSE at close. (Result)
Bharat Heavy Electricals Ltd (BHEL) tanked 19.08% and made fresh 52 week low at Rs 120.05 on BSE on posting
49.46% year on year fall in Q1 Net at Rs 465.43 crore. Total income slumped to Rs 6996.6 crore for the quarter as
compared to Rs 8805.2 crore for the same quarter in the previous year. the stock was the top laggard on both Sensex
and Nifty (Result)
Grasim Industries had hit new 52 week low at Rs 2477.75 on BSE as the company registered a decline of 17.15% in
Q1FY14 Net at Rs 226.13 crore as compared to Rs 272.94 crore YoY. On the consolidated basis, the group registered
a fall of 15.04% in Net at Rs 610.01 crore for the quarter as compared to Rs 718.00 crore for the same quarter in the
previous year. (Featured Result)
Tata Chemicals plunged 2.32% on BSE as the group’s consolidated Net dipped 30.10% at Rs 75.21 crore for the
quarter as compared to Rs 107.59 crore for the same quarter in the previous year. However, on standalone basis,
company’s Net grew 47.41% to Rs 100.43 crore for the quarter as compared Rs 68.13 crore for the same quarter in
the previous year. (Result)
T he market breadth on the BSE closed in negative. Advancing and declining stocks were 1120 and 1161
respectively, while 139 scrips remained unmoved.
The S&P BSE Sensex ended at 19182.26, up 18.24 points or 0.10%. The 30 share index touched a high and a low of
19306.51 and 19141.68 respectively. 18 stocks advanced against 12 declining ones on the benchmark index.
The CNX Nifty gained 7.50 points or 0.13% to settle at 5685.40. The index touched high and low of 5721.00 and
5661.50 respectively. 34 stocks advanced against 16 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 5443.56 and gained 0.27% while S&P BSE Small-cap index jumped up by
0.30% to 5193.61.
The broader S&P BSE 500 index increased to 6898.27 (up 0.26%) and CNX 500 index rose to 4323.35 (up 0.19%).

2. The volatility as denoted by INDIA VIX lost 0.43% at 20.80 from its previous close of 20.89 on Friday.
Sectors in action
On the BSE Sectorial front, Metals (up 2.67%), Banks (up 0.97%) and Information Technology (up 0.90%) were the
top gainers.
Capital Goods (down 3.58%), Power (down 1.02%) and Consumer Durables (down 0.72%) were the top losers.
The Angels and the Devils
Jindal Steel and Power Ltd (up 7.73%), Sterlite Industries (India) Ltd (up 4.15%), NTPC Ltd (up 3.81%), Coal India Ltd
(up 3.36%) and Hero MotoCorp Ltd (up 3.16%) were the top gainers on the Sensex.
Bharat Heavy Electricals Ltd (down 19.08%), Bharti Airtel Ltd (down 2.05%), Tata Motors Ltd (down 2.01%), Larsen
And Toubro Ltd (down 1.98%) and Bajaj Auto Ltd (down 1.76%) were the top losers on the Sensex.
Benchmark Drivers
Bharat Heavy Electricals Ltd (-28.81 points), ICICI Bank (21.31 points), ITC Ltd (18.60 points), Larsen And Toubro Ltd
(-16.10 points) and Housing Development Finance Corporation Ltd (-15.77 points) were the major Sensex drivers
today.
On the other end Bharat Heavy Electricals Ltd (-7.40 points), ICICI Bank (5.31 points), Housing Development Finance
Corporation Ltd (-4.16 points), Larsen And Toubro Ltd (-4.09 points) and ITC Ltd (4.07 points) were the major Nifty
movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5689 for next session. The next support is at 5658 and on upside it has a resistance at
5717 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
06-Aug-2013 5598 5630 5658 5689 5717 5749 5777 -
05-Aug-2013 5518 5583 5631 5696 5744 5809 5856 5685.40
02-Aug-2013 5535 5606 5667 5738 5799 5869 5930 5677.90
S&P BSE Sensex has a pivot at 19210 with first level of support and resistance at 19114 and 19279 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
06-Aug-2013 18949 19045 19114 19210 19279 19375 19443 -
05-Aug-2013 18638 18858 19011 19231 19384 19604 19757 19182.26
02-Aug-2013 18737 18954 19135 19352 19534 19751 19933 19164.02
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