After a gap-down start on weak global cues, markets continued to languish in red throughout the session. Snapping six days winning streak Nifty ended down by about 0.37%. Tata Motors was the star of the show as its shares shot up 5.5% on reporting 750% rise in Q2 standalone net profit.

1. Markets snap six day winning streak....Tata Motors shines
Market Summary
08-Nov-2012
After a gap-down start on weak global cues, markets continued to languish in red throughout the session. Snapping six
day’s winning streak Nifty ended down by about 0.37%.
Tata Motors was the star of the show as its shares shot up 5.5% on reporting 750% rise in Q2 standalone net profit.
(Featured Result)
Ipca Lab plunged 5.87% on BSE after halting operations on finding of quality issues at Indore unit during internal
quality assurance review. (News)
SAIL closed down by 1.20% on BSE. The company reported just 9.8% growth in its Net Profit. (Result)
Ranbaxy Laboratories reported a strong 226% growth in its quarterly Net Profit (standalone). The stock closed down
by 0.21% on BSE. (Result)
Sun Pharmaceutical Industries reported 47% fall in Q2 net profit. The stock closed down by 0.76%. (News)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1360 and 1467
respectively, while 135 scrips remained unmoved.
The BSE Sensex ended at 18846.26, down 56.15 points or 0.30%. The 30 share index touched a high and a low of
18865.21 and 18736.45 respectively. 10 stocks advanced against 20 declining ones on the benchmark index.
The S&P CNX Nifty lost 21.35 points or 0.37% to settle at 5738.75. The index touched high and low of 5744.50 and
5693.95 respectively. 15 stocks advanced against 35 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 6726.95 and gained 0.13% while Small-cap index hammered down by 0.21% to
7119.02.
The broader BSE 500 index decreased to 7279.68 (down 0.18%) and S&P CNX 500 index declined to 4548.95 (down
0.22%).
The volatility as denoted by INDIA VIX lost 2.00% at 14.22 from its previous close of 14.51 on Wednesday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 2.03%), Automobile (up 1.01%) and FMCG (up 0.20%) were the top
gainers.
Capital Goods (down 1.35%), Healthcare (down 0.70%) and Power (down 0.68%) were the top losers.
The Angels and the Devils
Tata Motors Limited (up 5.52%), Wipro Limited (up 1.97%), Bharti Airtel Limited (up 1.90%), State Bank of India (up
1.32%) and Tata Steel Limited (up 0.42%) were the top gainers on the Sensex.
Tata Power Company Limited (down 2.12%), Larsen And Toubro Limited (down 2.04%), GAIL (India) Limited (down
1.98%), ICICI Bank (down 1.48%) and Dr. Reddys Laboratories Ltd. (down 1.35%) were the top losers on the Sensex.
Benchmark Drivers
Tata Motors Limited (31.10 points), Larsen And Toubro Limited (-22.38 points), ICICI Bank (-22.23 points), Infosys
Limited (-14.17 points) and State Bank of India (10.49 points) were the major Sensex drivers today.
On the other end Tata Motors Limited (7.71 points), ICICI Bank (-5.86 points), Larsen And Toubro Limited (-5.64
points), Infosys Limited (-4.26 points) and Housing Development Finance Corporation Limited (-2.57 points) were the
major Nifty movers today.

2. Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5726 for next session. The next support is at 5707 and on upside it has a resistance
at 5758 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
09-Nov-2012 5656 5675 5707 5726 5758 5776 5808 -
08-Nov-2012 5656 5684 5722 5750 5788 5816 5854 5738.75
07-Nov-2012 5665 5679 5702 5716 5739 5753 5776 5760.10
Sensex has a pivot at 18816 with first level of support and resistance at 18767 and 18895 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
09-Nov-2012 18638 18687 18767 18816 18895 18945 19024 -
08-Nov-2012 18614 18700 18801 18887 18989 19075 19176 18846.26
07-Nov-2012 18651 18689 18753 18791 18855 18893 18957 18902.41
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