1. Sensex shoots 290 points as Rupee hits 65/USD on monetary measures
Market Summary
06-Sep-2013
Indian equities continue with the honeymoon celebrating the arrival of new RBI Governor. Tracking positive global
cues, Indian indices opened marginally higher with Sensex above 19K mark. Amidst choppy trades, markets edged
higher on Rupee recovering to the levels of 65/USD. Both front-line gauges smartly rallied over 1.5% for third straight
session to end near day’s high levels. On sectorial front, Banking stocks were on the buyers list followed by capital
goods.
Globally, US indices inched up for third session on good monthly jobs report. Asian indices also traded mostly in green
whereas European stocks traded marginally down on pacifist stance from European Central Bank towards Syria war.
Back home, pharmaceutical major, Wockhardt was the star performer of the day, rallying 10.87% on BSE as the
company’s promoter Khorakiwala Holdings & Investments acquired 211094 equity shares representing 0.20% stake
via open market transaction. (Read More)
Oil marketing companies, ONGC (up 7.17%), BPCL (up 4.21%), HPCL (up 5.92%), Indian Oil Corporation (up 4.13%)
and Oil India (up 2.62%) soared on hopes of price hike of Diesel by Rs 3-5 per liter, kerosene by Rs 2 per liter and
LPG by 50 per cylinder.
Bharat Heavy Electricals Ltd (BHEL) jumped 3.17% on BSE on merging Bharat Heavy Plate and Vessels (BHPV) with
itself as part of the rehabilitation scheme. (Read More)
Shares of Telecom companies, Bharti Airtel, Idea Cellular and Reliance Communication shined 5.47%, 2.86% and
2.61% on BSE ahead of spectrum pricing meet of Telecom Regulatory Authority of India (TRAI) to consider sharp cut
in spectrum pricing.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1353 and 1025 respectively,
while 153 scrips remained unmoved.
The S&P BSE Sensex ended at 19270.06, up 290.30 points or 1.53%. The 30 share index touched a high and a low
of 19293.96 and 18929.38 respectively. 20 stocks advanced against 10 declining ones on the benchmark index.
The CNX Nifty gained 87.45 points or 1.56% to settle at 5680.40. The index touched high and low of 5688.60 and
5566.15 respectively. 33 stocks advanced against 17 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 5451.01 and gained 0.57% while S&P BSE Small-cap index jumped up by
0.63% to 5343.81.
The broader S&P BSE 500 index increased to 6908.13 (up 1.30%) and CNX 500 index rose to 4319.40 (up 1.30%).
The volatility as denoted by INDIA VIX gained 0.42% at 28.65 from its previous close of 28.53 on Thursday.
Sectors in action
On the BSE Sectorial front, Banks (up 2.89%), Capital Goods (up 2.77%) and Oil & Gas (up 2.20%) were the top
gainers.
Consumer Durables (down 0.66%), Real Estate (down 0.17%) and Automobile (down 0.02%) were the top losers.
The Angels and the Devils
ICICI Bank (up 7.37%), Oil and Natural Gas Corporation Ltd (up 7.17%), Bharti Airtel Ltd (up 5.47%), Cipla Ltd (up
4.49%) and Larsen And Toubro Ltd (up 3.58%) were the top gainers on the Sensex.
Tata Power Company Ltd (down 2.61%), Coal India Ltd (down 2.12%), Sesa Goa Ltd (down 1.90%), Hindustan
Unilever Ltd (down 1.62%) and Hero MotoCorp Ltd (down 0.76%) were the top losers on the Sensex.
Benchmark Drivers
ICICI Bank (90.43 points), Oil and Natural Gas Corporation Ltd (39.40 points), ITC Ltd (30.94 points), Bharti Airtel Ltd

2. ICICI Bank (90.43 points), Oil and Natural Gas Corporation Ltd (39.40 points), ITC Ltd (30.94 points), Bharti Airtel Ltd
(27.05 points) and Larsen And Toubro Ltd (25.79 points) were the major Sensex drivers today.
On the other end ICICI Bank (22.40 points), Oil and Natural Gas Corporation Ltd (9.34 points), Bharti Airtel Ltd (7.37
points), ITC Ltd (7.05 points) and Larsen And Toubro Ltd (6.56 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5645 for next session. The next support is at 5602 and on upside it has a resistance at
5724 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
10-Sep-2013 5479 5523 5602 5645 5724 5768 5846 -
06-Sep-2013 5482 5517 5555 5590 5628 5664 5701 5680.40
05-Sep-2013 5217 5268 5358 5409 5499 5550 5641 5592.95
S&P BSE Sensex has a pivot at 19164 with first level of support and resistance at 19035 and 19400 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
10-Sep-2013 18670 18800 19035 19164 19400 19529 19764 -
06-Sep-2013 18575 18711 18845 18981 19116 19252 19386 19270.06
05-Sep-2013 17876 18032 18300 18456 18724 18880 19148 18979.76
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