Nifty advances 1.5% in a pull-back rally; rate sensitives lead

1. Nifty advances 1.5% in a pull-back rally; rate sensitives lead
Market Summary
05-Mar-2013
Following a positive opening tracking firm global cues, Indian equity indices stretched gains sharply in afternoon & mid
afternoon session and sustained those levels till end. The stage was set in bulls favor as global rating agency,
Moody’s, also appreciated India’s budget as credit positive for the country’s sovereign rating. Helped by rate sensitive
stocks, the key benchmarks Nifty & Sensex, shot up 1.5% and 1.4% respectively. Rate sensitive Realty, Metal, Bankex
and Auto topped the charts on sectoral front.
After expanding at year’s fastest pace in January, the services sector grew notably at a slower pace in February as
seasonally adjusted purchasing managers' index (PMI) for the services sector, dropped to 54.2 in February from 57.5
in January. The order flow in February declined viz-a-viz previous month. (News)
Automobile major, Tata Motors Ltd slashed prices of its passenger cars while it raised the prices of Sports Utility
Vehicles (SUVs) range. The stock closed 3.73% up on BSE. (News)
Mahindra and Mahindra gained 1.39% on BSE after the company launched country’s most technologically advanced
payload mini truck named Maximo plus Mini Truck. (News)
Dr. Reddy’s Laboratories closed 1.69% up on BSE after the company launched Zoledronic Acid Injection in US after
getting approval from United States Food & Drug Administration (USFDA). (News)
Escorts EAM reported 10.53% decline in February 2013 sales at 4305 tractors in comparison to 4812 year on year.
The stock closed 2.77% up on BSE. (News)
Karnataka Bank (5.21% up) inked Memorandum of Understanding (MoU) for financing Commercial Vehicles with
Ashok Leyland (3.11% up). (News)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1716 and 1165 respectively,
while 120 scrips remained unmoved.
The S&P BSE Sensex ended at 19143.17, up 265.21 points or 1.40%. The 30 share index touched a high and a low
of 19164.04 and 18943.62 respectively. 26 stocks advanced against 4 declining ones on the benchmark index.
The CNX Nifty gained 85.75 points or 1.50% to settle at 5784.25. The index touched high and low of 5790.10 and
5722.40 respectively. 46 stocks advanced against 4 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 6337.72 and gained 1.66% while S&P BSE Small-cap index jumped up by
1.11% to 6145.89.
The broader S&P BSE 500 index increased to 7250.28 (up 1.55%) and CNX 500 index rose to 4539.00 (up 1.54%).
The volatility as denoted by INDIA VIX lost 2.05% at 13.39 from its previous close of 13.67 on Monday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 3.13%), Metals (up 2.65%) and Banks (up 1.89%) were the top gainers.
There was no loser among BSE sectorials today.
The Angels and the Devils
Sterlite Industries (India) Ltd (up 4.47%), Hindalco Industries Ltd (up 4.29%), Tata Motors Ltd (up 3.73%), ICICI Bank
(up 3.36%) and Wipro Ltd (up 3.30%) were the top gainers on the Sensex.
Bajaj Auto Ltd (down 0.64%), Bharat Heavy Electricals Ltd (down 0.63%), ITC Ltd (down 0.26%) and NTPC Ltd (down
0.10%) were the top losers on the Sensex.
Benchmark Drivers
ICICI Bank (48.86 points), Reliance Industries Ltd (29.12 points), Tata Motors Ltd (22.62 points), Tata Consultancy

2. ICICI Bank (48.86 points), Reliance Industries Ltd (29.12 points), Tata Motors Ltd (22.62 points), Tata Consultancy
Services Ltd (21.00 points) and Larsen And Toubro Ltd (19.16 points) were the major Sensex drivers today.
On the other end ICICI Bank (12.09 points), Reliance Industries Ltd (7.34 points), Tata Motors Ltd (5.68 points), Larsen
And Toubro Ltd (5.12 points) and Tata Consultancy Services Ltd (4.75 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5766 for next session. The next support is at 5741 and on upside it has a resistance at
5809 levels.
CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
06-Mar-2013 5673 5698 5741 5766 5809 5833 5876 -
05-Mar-2013 5622 5643 5671 5691 5719 5740 5768 5784.25
04-Mar-2013 5627 5653 5687 5713 5746 5773 5806 5698.50
S&P BSE Sensex has a pivot at 19084 with first level of support and resistance at 19003 and 19224 respectively.
S&P BSE Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
06-Mar-2013 18783 18863 19003 19084 19224 19304 19444 -
05-Mar-2013 18612 18686 18782 18856 18952 19027 19123 19143.17
04-Mar-2013 18662 18741 18830 18909 18998 19078 19166 18877.96
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