The Indian stock market indexes opened higher and gained strength throughout the day, closing up around 1.4%. The Sensex breached 19,600 levels and the Nifty surpassed 5,900. Several companies saw their share prices rise, such as RCF which rose after its offer for sale and Kingfisher which rose on news that unpaid salaries would soon be paid. The market breadth was positive with more advancing stocks than declining.

1. Bulls strengthen grip, Sensex slams a double after registering 3 consecutive
tons
Market Summary
08-Mar-2013
Tracking the new highs of global market, Indian Equity Indices opened marginally up on the fourth day in a row. CNX Nifty spiked to surpass
5900 milestone, S&P Sensex gained another 270 points to it's yesterday's close and breached 19600 levels in the process. Markets
rallied to close around 1.40% up.
On Thursday, Dow Jones had hit a fresh all-time high for third day in a row at the level of 14354.69 on intraday basis whereas at 14329.49
on closing basis.
Rashtriya Chemicals and Fertilizers (RCF) jumped 3.65% on BSE as the proposed Offer for Sale by opened today at a floor price of Rs 45
per share for divestment of 12.5% stake. Government managed to raise 310 Crores through Rashtriya Chemicals and Fertilizers (RCF)
Offer for Sale at a floor price of Rs 45 per share, a divestment of 12.5% stake.
Kingfisher Airlines rose 4.81% on BSE on the reports that CEO Mr. Sanjay Aggarwal assured DGCA officials that the company will pay six
month salary to staff soon.
Wockhardt touched all time high at Rs 2090 and closed 1.55% up on BSE. The stock has rallied for fourth consecutive session to touch the
high.
Bharti Airtel rose 0.83% on BSE after research firm, Credit Suisse rated the stock to outperform with a target price of Rs 385.
United Bank of India gained 5.04% on BSE as the company has entered into a Memorandum of Understanding (MoU) with Small Industries
Development Bank of India (SIDBI). (News)
Indian Oil Corporation has entered pact with Tourism Corporation of Gujarat (TCGL) via Memorandum of Understanding (MoU) for
providing tourism-related information and facilities to all passer through its Petrol Pumps. The stock closed 1.43% up on BSE. (News)
Wipro has been acknowledged as one of the World’s Most Ethical (WME) Companies in the year 2013, for the second year in a row. The
stock closed 0.91% down after hitting fresh 52 week high at Rs 455.80 on BSE. (News)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1744 and 1124 respectively, while 113 scrips
remained unmoved.
The S&P BSE Sensex ended at 19683.23, up 269.69 points or 1.39%. The 30 share index touched a high and a low
of 19706.03 and 19477.61 respectively. 25 stocks advanced against 5 declining ones on the benchmark index.
The CNX Nifty gained 82.40 points or 1.41% to settle at 5945.70. The index touched high and low of 5952.85 and
5883.00 respectively. 42 stocks advanced against 8 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 6487.36 and gained 0.72% while S&P BSE Small-cap index jumped up by
0.68% to 6333.69.
The broader S&P BSE 500 index increased to 7443.27 (up 1.22%) and CNX 500 index rose to 4660.65 (up 1.28%).
The volatility as denoted by INDIA VIX gained 2.07% at 13.34 from its previous close of 13.07 on Thursday.
Sectors in action
On the BSE Sectorial front, Oil & Gas (up 2.00%), FMCG (up 1.93%) and Metals (up 1.77%) were the top gainers.
Information Technology (down 0.69%) was the top loser.
The Angels and the Devils
Jindal Steel and Power Ltd (up 5.73%), Housing Development Finance Corporation Ltd (up 4.04%), GAIL (India) Ltd
(up 2.91%), HDFC Bank (up 2.44%) and Tata Steel Ltd (up 2.36%) were the top gainers on the Sensex.

2. Maruti Suzuki India Ltd (down 1.64%), Infosys Ltd (down 1.15%), Wipro Ltd (down 0.91%), Tata Motors Ltd (down
0.72%) and Tata Consultancy Services Ltd (down 0.40%) were the top losers on the Sensex.
Benchmark Drivers
Housing Development Finance Corporation Ltd (55.05 points), ITC Ltd (39.70 points), HDFC Bank (35.28 points),
Reliance Industries Ltd (32.51 points) and ICICI Bank (27.86 points) were the major Sensex drivers today.
On the other end Housing Development Finance Corporation Ltd (13.70 points), ITC Ltd (8.85 points), HDFC Bank
(8.81 points), Reliance Industries Ltd (7.90 points) and ICICI Bank (7.66 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5927 for next session. The next support is at 5902 and on upside it has a resistance at
5971 levels.
CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
11-Mar-2013 5832 5857 5902 5927 5971 5997 6041 -
08-Mar-2013 5740 5771 5817 5848 5894 5924 5970 5945.70
07-Mar-2013 5766 5780 5800 5814 5833 5848 5867 5863.30
S&P BSE Sensex has a pivot at 19622 with first level of support and resistance at 19539 and 19767 respectively.
S&P BSE Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
11-Mar-2013 19310 19394 19539 19622 19767 19851 19995 -
08-Mar-2013 19010 19111 19262 19364 19515 19617 19768 19683.23
07-Mar-2013 19103 19149 19201 19247 19299 19345 19397 19413.54
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