Following a slightly positive opening on the back of positive U.S. economic data, markets turned negative during the late morning/afternoon sessions depicting cautionary stance ahead of Q3 earnings season beginning this week. Snapping four day winning streak Nifty and Sensex shed about 0.46% of their respective values to close the day. Nifty closed below 6K while Sensex ended below 19700. Most of the Asian and European benchmarks also depicted negative trends.

1. Snapping four day winning streak, Sensex ends 0.47% down; Nifty ends
below 6K
Market Summary
07-Jan-2013
Following a slightly positive opening on the back of positive U.S. economic data, markets turned negative during the
late morning/afternoon sessions depicting cautionary stance ahead of Q3 earnings season beginning this week.
Snapping four day winning streak Nifty and Sensex shed about 0.46% of their respective values to close the day. Nifty
closed below 6K while Sensex ended below 19700. Most of the Asian and European benchmarks also depicted
negative trends.
Amid negativity in overall market, Maruti Suzuki had hit fresh four year high today at RS 1599.90 and closed 2.59% up
on BSE on the expectations of increasing passenger car sales.
Idea touched 52 week high level at Rs 111.40 and closed down by 0.18% on BSE after telecom minister Mr. Kapil
Sibbal’s announcement that EGoM has proposed 30% lower price than decided in November 2012 for 2G auction
2012.
Suzlon Energy closed 1.63% up on BSE on the reports of winning two new contracts by its UK subsidiary RE power
UK. (News)
Meanwhile, the Reserve Bank of India (RBI) is expected to come up with the final guidelines for issuing new banking
licences within the next four-six weeks. Bankex and Bank Nifty ended 0.62% down each. (News)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1632 and 1313 respectively,
while 120 scrips remained unmoved.
The BSE Sensex ended at 19691.42, down 92.66 points or 0.47%. The 30 share index touched a high and a low of
19856.43 and 19654.46 respectively. 11 stocks advanced against 19 declining ones on the benchmark index.
The S&P CNX Nifty lost 27.75 points or 0.46% to settle at 5988.40. The index touched high and low of 6042.15 and
5977.15 respectively. 16 stocks advanced against 34 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 7331.50 and gained 0.24% while Small-cap index jumped up by 0.55% to
7657.34.
The broader BSE 500 index decreased to 7725.93 (down 0.21%) and S&P CNX 500 index declined to 4831.45 (down
0.26%).
The volatility as denoted by INDIA VIX gained 4.11% at 13.92 from its previous close of 13.37 on Friday.
Sectors in action
On the BSE Sectorial front, Metals (up 0.94%), Healthcare (up 0.41%) and Automobile (up 0.37%) were the top
gainers.
Capital Goods (down 1.47%), FMCG (down 1.05%) and Consumer Durables (down 1.00%) were the top losers.
The Angels and the Devils
Maruti Suzuki India Ltd (up 2.59%), Cipla Ltd (up 1.75%), Tata Steel Ltd (up 1.65%), Hindalco Industries Ltd (up
1.32%) and Sun Pharmaceutical Industries Ltd (up 1.16%) were the top gainers on the Sensex.
Larsen And Toubro Ltd (down 2.35%), Housing Development Finance Corporation Ltd (down 1.68%), HDFC Bank
(down 1.64%), Hindustan Unilever Ltd (down 1.55%) and Tata Power Company Ltd (down 1.18%) were the top losers
on the Sensex.
Benchmark Drivers
Larsen And Toubro Ltd (-25.10 points), HDFC Bank (-25.07 points), Housing Development Finance Corporation Ltd (-
24.44 points), ITC Ltd (-20.94 points) and Infosys Ltd (15.33 points) were the major Sensex drivers today.

2. On the other end Larsen And Toubro Ltd (-6.59 points), Housing Development Finance Corporation Ltd (-6.47 points),
HDFC Bank (-6.32 points), ITC Ltd (-5.53 points) and Infosys Ltd (3.70 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 6003 for next session. The next support is at 5963 and on upside it has a resistance
at 6028 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
08-Jan-2013 5898 5938 5963 6003 6028 6068 6093 -
07-Jan-2013 5952 5967 5992 6006 6031 6045 6070 5988.40
04-Jan-2013 5961 5974 5992 6004 6022 6035 6053 6016.15
Sensex has a pivot at 19734 with first level of support and resistance at 19612 and 19814 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
08-Jan-2013 19410 19532 19612 19734 19814 19936 20016 -
07-Jan-2013 19593 19636 19710 19754 19828 19871 19945 19691.42
04-Jan-2013 19617 19655 19710 19748 19803 19841 19896 19784.08
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