- The Indian equity indices closed higher, gaining over 100 points, recovering from recent losses as the rupee strengthened, restoring investor confidence. - Pharmaceutical company Ranbaxy saw its shares rise 27% after reporting a jump in quarterly profits, while Jet Airways' shares rose slightly despite posting a quarterly loss. - Metals and real estate sectors led the gains among sectors.

1. Benchmarks shine on Rupee recovery; Ranbaxy soars 27%
Market Summary
08-Aug-2013
Following a ten-day stint of weak closing, Indian equity indices finally managed to closed in green with decent gains.
The recovery on Rupee front seemed to have restored investor confidence which is reflected in Sensex gaining over a
century of points despite mixed global cues. Rate sensitive counters rallied smartly to bounce back from heavy losses
sustained on Tuesday.
Globally, US markets traded on mixed note amid growing speculation on Fed's stance on stimulus. Asian markets
traded jubilantly after Bank of Japan maintained its stimulus policy. European markets were also trading in green.
Key Quarterly Results
Pharmaceutical major, Ranbaxy mounted 27.49% on BSE on reporting 34.23% jump in Q2 Net at a Net loss of Rs
608.8 crore. On consolidated basis, company registered a Net loss of Rs 524 crore. However company’s US sales
jumped in June quarter driven by the newly launched acne treatment drug Absorica. (Featured Result)
Jet Airways (India) posted a Net loss of Rs 355.38 crore in Q1 against Net profit of Rs 24.70 crore for the June quarter
of the previous year. Total income declined 13.74% to Rs 4064.35 crore for the quarter against Rs 4711.63 crore yoy.
The stock ended 0.59% up on BSE. (Result)
Eicher Motors surged 3.68% on BSE after reporting a rise of 62.91% in Q1FY14 Net at Rs 52.62 crore as compared to
Rs 32.30 crore for the same quarter in the previous year. On consolidated basis, the Group’s Net grew 21.54% at Rs
92.32 crore for the quarter as compared to Rs 75.96 crore year on year. (Result)
GlaxoSmithKline Pharmaceuticals sank 2.38% on BSE on posting a fall of 29.65% in Q2 Net at Rs 115.04 crore as
compared to Rs 163.52 crore for the same quarter in the previous year. (Result)
Apollo Hospitals Enterprise’s Net rose 13.19% in Q1 at Rs 78.94 crore as compared to Rs 69.74 crore on year on
year basis. The stock ended 0.34% down on BSE. (Result)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1431 and 893 respectively,
while 160 scrips remained unmoved.
The S&P BSE Sensex ended at 18789.34, up 124.46 points or 0.67%. The 30 share index touched a high and a low
of 18829.26 and 18621.67 respectively. 21 stocks advanced against 9 declining ones on the benchmark index.
The CNX Nifty gained 46.55 points or 0.84% to settle at 5565.65. The index touched high and low of 5577.60 and
5510.05 respectively. 41 stocks advanced against 9 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 5409.14 and gained 1.34% while S&P BSE Small-cap index jumped up by
1.32% to 5234.25.
The broader S&P BSE 500 index increased to 6784.90 (up 0.86%) and CNX 500 index rose to 4250.35 (up 0.87%).
The volatility as denoted by INDIA VIX lost 3.86% at 21.19 from its previous close of 22.04 on Wednesday.
Sectors in action
On the BSE Sectorial front, Metals (up 2.61%), Real Estate (up 2.35%) and Power (up 1.42%) were the top gainers.
Oil & Gas (down 0.21%) and Healthcare (down 0.21%) were the top losers.
The Angels and the Devils
Hindalco Industries Ltd (up 5.42%), Tata Steel Ltd (up 5.18%), Cipla Ltd (up 5.09%), Maruti Suzuki India Ltd (up
3.89%) and Bharti Airtel Ltd (up 3.24%) were the top gainers on the Sensex.
Sun Pharmaceutical Industries Ltd (down 3.24%), State Bank of India (down 3.04%), Dr. Reddys Laboratories Ltd
(down 1.57%), Wipro Ltd (down 0.79%) and Reliance Industries Ltd (down 0.64%) were the top losers on the Sensex.

2. Benchmark Drivers
Housing Development Finance Corporation Ltd (27.70 points), HDFC Bank (22.21 points), State Bank of India (-18.92
points), Tata Consultancy Services Ltd (18.26 points) and ITC Ltd (17.95 points) were the major Sensex drivers today.
On the other end Housing Development Finance Corporation Ltd (7.49 points), HDFC Bank (6.56 points), Reliance
Industries Ltd (-4.58 points), Sun Pharmaceutical Industries Ltd (-4.50 points) and Mahindra and Mahindra Ltd (3.10
points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5535 for next session. The next support is at 5520 and on upside it has a resistance at
5561 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
12-Aug-2013 5457 5484 5525 5551 5592 5619 5660 -
08-Aug-2013 5409 5448 5483 5522 5558 5597 5633 5565.65
07-Aug-2013 5345 5433 5488 5576 5631 5719 5774 5519.10
S&P BSE Sensex has a pivot at 18747 with first level of support and resistance at 18664 and 18872 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
12-Aug-2013 18457 18539 18664 18747 18872 18954 19079 -
08-Aug-2013 18280 18416 18540 18676 18800 18936 19061 18789.34
07-Aug-2013 18092 18379 18556 18844 19021 19309 19486 18664.88
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