Markets were seen trading volatile for the whole day. Starting flat, the key benchmarks traveled and stayed in negative territory through most of the day before returning back to trade in green territory towards the end. Markets closed near day's high levels, with Nifty just managing to hold the 6000 mark.

1. Nifty manages to hold 6K amid choppy trading
Market Summary
08-Jan-2013
Markets were seen trading volatile for the whole day. Starting flat, the key benchmarks traveled and stayed in negative
territory through most of the day before returning back to trade in green territory towards the end. Markets closed near
day's high levels, with Nifty just managing to hold the 6000 mark.
Bank Of Maharashtra had hit fresh 52 week high today at Rs 66.20 and closed 0.16% down on BSE on the proposal to
raise funds.
Shares of United Spirits and United Breweries plunged 1.99% and 6.07% respectively on BSE as Diageo delayed the
additional stake purchase.
L&T fell 1.45% on BSE as Citi downgraded its 'buy' outlook to 'neutral' and Barclays from 'overweight' to 'equal weight'.
Jaiprakash power Ventures gained 1.80% on BSE as Credit Suisse upgraded the stock with a target price of Rs. 47.
Marico Ltd gained 1.52% on the plans of demerging its Kaya Skin Care Solutions as a seperate company.
Government is likely to consider the 10% stake disinvestment plan of Engineers India (EIL) in a Cabinet Committee on
Economic Affairs (CCEA) meeting this week. Stock of EIL ended 0.67% down on BSE. (News)
Meanwhile, the Empowered Group of Ministers (EGoM) has decided to cut CDMA spectrum base price by 30 or 50%.
If the reduction is 30%, then the auction of 800 MHz together with 900 MHz and 1800 MHz airwaves would fetch up to
Rs 48,000 crore, while if the reserve price reduction is 50 percent, it will fetch about Rs 45,000 crore at the base price.
(News)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1458 and 1479
respectively, while 144 scrips remained unmoved.
The BSE Sensex ended at 19742.52, up 51.10 points or 0.26%. The 30 share index touched a high and a low of
19761.78 and 19632.59 respectively. 16 stocks advanced against 14 declining ones on the benchmark index.
The S&P CNX Nifty gained 13.30 points or 0.22% to settle at 6001.70. The index touched high and low of 6007.05
and 5964.40 respectively. 26 stocks advanced against 24 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 7336.11 and gained 0.06% while Small-cap index hammered down by 0.29% to
7634.80.
The broader BSE 500 index increased to 7734.13 (up 0.11%) and S&P CNX 500 index rose to 4837.95 (up 0.13%).
The volatility as denoted by INDIA VIX lost 4.67% at 13.27 from its previous close of 13.92 on Monday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 1.22%), FMCG (up 1.07%) and Healthcare (up 0.73%) were the top
gainers.
Consumer Durables (down 2.01%), Metals (down 0.96%) and Capital Goods (down 0.71%) were the top losers.
The Angels and the Devils
ITC Ltd (up 2.18%), Housing Development Finance Corporation Ltd (up 1.95%), Bharat Heavy Electricals Ltd (up
1.42%), Cipla Ltd (up 1.31%) and Sun Pharmaceutical Industries Ltd (up 1.30%) were the top gainers on the Sensex.
Tata Steel Ltd (down 1.55%), Wipro Ltd (down 1.46%), Larsen And Toubro Ltd (down 1.45%), Infosys Ltd (down
1.41%) and Sterlite Industries (India) Ltd (down 1.08%) were the top losers on the Sensex.
Benchmark Drivers

2. ITC Ltd (39.92 points), Housing Development Finance Corporation Ltd (27.96 points), Infosys Ltd (-19.46 points),
Larsen And Toubro Ltd (-15.09 points) and Reliance Industries Ltd (-10.19 points) were the major Sensex drivers
today.
On the other end ITC Ltd (10.97 points), Housing Development Finance Corporation Ltd (7.62 points), Infosys Ltd (-
4.51 points), Larsen And Toubro Ltd (-3.52 points) and Reliance Industries Ltd (-3.18 points) were the major Nifty
movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5991 for next session. The next support is at 5975 and on upside it has a resistance
at 6018 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
09-Jan-2013 5932 5948 5975 5991 6018 6034 6060 -
08-Jan-2013 5898 5938 5963 6003 6028 6068 6093 6001.70
07-Jan-2013 5952 5967 5992 6006 6031 6045 6070 5988.40
Sensex has a pivot at 19712 with first level of support and resistance at 19663 and 19792 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
09-Jan-2013 19534 19583 19663 19712 19792 19841 19921 -
08-Jan-2013 19410 19532 19612 19734 19814 19936 20016 19742.52
07-Jan-2013 19593 19636 19710 19754 19828 19871 19945 19691.42
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