Markets end second session of Samvat 2070 on sombre note; Sensex plunges 1.25%

1. Markets end second session of Samvat 2070 on sombre note; Sensex
plunges 1.25%
After touching a record high of 21321 on Diwali Muhurat trading, Indian equity indices opened gap down snapping the
five day’s winning streak. Bears regained their hold on D-Street amidst pessimistic cues from global markets and
disappointing economic data. Traders resorted to profit booking causing benchmarks to slump by over 1% at the close.
On BSE sectorial front, FMCG topped the laggards, followed Healthcare index.
Among global peers, US and Asian indices traded mixed whereas European indices dipped in red zone.
Back home, October HSBC Services PMI recovered from four year low levels posted in the previous month but
continues to be in the contraction mode. The activity in services sector rose to 47.5 in October from 46.1 in September.
HSBC India Composite Output Index, the main gauge of service activity in India, posted below the 50 mark, the
separator between expansion and contraction, for the fourth successive month in October. (Read More)
Another demoralizing news for Services sector came in form of lower FDI numbers. April - August 2013 Foreign Direct
Investment (FDI) in the country’s services sector tumbled 47.5% to $1.19 billion as compared to $2.28 billion in the
same period last year. The service sector has around 60% share in the country’s GDP. The twin disappointments
caused CNX Service to plunge 0.88% to 7638.75. (Read More)
On stock specific front, Bharti Airtel entered into a definitive agreement with the Warid Group (Warid) to fully acquire
Warid Congo SA which will make it the largest mobile operator in Congo Brazzaville with around 2.6 million customers.
The stock ended 1.5% down on BSE tracking the negative sentiments in the market. (Read More)
IL&FS Engineering and Construction rallied nearly 5% on BSE after the company bagged an order worth Rs 675 crore
for construction of residential buildings in central Mumbai.
Shree Renuka Sugar gained 1.11% on BSE as Singapore based agri business group Wilmar is reportedly eying stake
in the company.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1283 and 1160 respectively,
while 155 scrips remained unmoved.
The S&P BSE Sensex ended at 20974.79, down 264.57 points or 1.25%. The 30 share index touched a high and a
low of 21158.56 and 20951.71 respectively. 8 stocks advanced against 22 declining ones on the benchmark index.
The CNX Nifty lost 64.20 points or 1.02% to settle at 6253.15. The index touched high and low of 6304.75 and
6244.30 respectively. 20 stocks advanced against 30 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved up to 6297.94 and gained 0.89% while S&P BSE Small-cap index jumped up by
0.54% to 6053.56.
The broader S&P BSE 500 index decreased to 7669.38 (down 0.70%) and CNX 500 index declined to 4808.20 (down
0.66%).
The volatility as denoted by INDIA VIX gained 2.31% at 19.94 from its previous close of 19.49 on Sunday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 0.27%) and Power (up 0.00%) were the top gainers.
FMCG (down 2.53%), Healthcare (down 1.55%) and Information Technology (down 1.28%) were the top losers.
The Angels and the Devils
Hindalco Industries Ltd (up 1.47%), Coal India Ltd (up 1.42%), Tata Motors Ltd (up 1.02%), Cipla Ltd (up 0.59%) and
NTPC Ltd (up 0.55%) were the top gainers on the Sensex.
ITC Ltd (down 3.52%), Sun Pharmaceutical Industries Ltd (down 2.96%), Dr. Reddys Laboratories Ltd (down 2.88%),
Tata Consultancy Services Ltd (down 2.74%) and ICICI Bank (down 2.68%) were the top losers on the Sensex.

2. Benchmark Drivers
ITC Ltd (-75.57 points), ICICI Bank (-40.72 points), Tata Consultancy Services Ltd (-39.47 points), Sun Pharmaceutical
Industries Ltd (-17.54 points) and Hindustan Unilever Ltd (-14.55 points) were the major Sensex drivers today.
On the other end ITC Ltd (-18.65 points), ICICI Bank (-11.85 points), Tata Consultancy Services Ltd (-9.71 points), Sun
Pharmaceutical Industries Ltd (-4.34 points) and Hindustan Unilever Ltd (-3.73 points) were the major Nifty movers
today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6267 for next session. The next support is at 6230 and on upside it has a resistance at
6290 levels.
CNX Nifty
Eff. Date
06-Nov-2013
05-Nov-2013
03-Nov-2013
S3
6170
6273
6240
S2
6207
6292
6263
S1
6230
6305
6285
PIVOT
6267
6324
6309
R1
6290
6336
6331
R2
6328
6356
6355
R3
6351
6368
6377
Actual Close
6253.15
6317.35
S&P BSE Sensex has a pivot at 21028 with first level of support and resistance at 20898 and 21105 respectively.
S&P BSE Sensex
Eff. Date
06-Nov-2013
05-Nov-2013
03-Nov-2013
S3
20691
21085
20975
Follow us on
S2
20822
21149
21058
S1
20898
21194
21127
PIVOT
21028
21258
21211
R1
21105
21303
21280
R2
21235
21367
21363
R3
21312
21412
21433
Actual Close
20974.79
21239.36
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