Markets continue to trade volatile ahead of Q3 earnings season. After starting in green, the benchmarks changed directions several times before ending in red. Nifty ended below 6K and plunged 0.5% at the close.

1. Volatility continues on bourses; Nifty plunges 0.5%
Market Summary
09-Jan-2013
Markets continue to trade volatile ahead of Q3 earnings season. After starting in green, the benchmarks changed
directions several times before ending in red. Nifty ended below 6K and plunged 0.5% at the close.
Indusind Bank kick-started December quarter earnings season by reporting stellar Q3 numbers. For the period, the
private sector Bank reported 30% rise in its Net Sales as well as Net Profit on yoy basis. The stock hit a new 52 week
high of Rs. 440.80 on BSE before closing 0.14% down. (Featured Result)
According to data release by Society of Indian Automobile Manufacturers (SIAM) today, domestic car sales plunged
12.51% in Dec-2012 on yoy basis. Motor cycles sales on the other end rose by 4.83% for the same period. BSE Auto
Index rallied 0.74% today.
Tata Motors hit a new 52 week high of Rs. 329.90 on BSE before ending 4% up on rating upgrades by Credit Suisse
and CLSA. The company was also in news for launching a new version of SUV ‘Safari Storme’ in Kolkata.
Public sector insurer Life Insurance Corporation of India (LIC) reportedly acquired 2.32% stake in Infosys for an
estimated price of Rs 3,300 crore to raise the total stake in company to 7.24%. The Infy stock ended 0.56% down on
BSE. (News)
India’s shipping ministry has laid down the plans of awarding 25 projects worth Rs. 11000 crore before the end of
current fiscal. Most of these projects relate to capacity expansion, deepening of channels and modernization. (News)
Railways related stocks like Texmaco Rail, Titagarh Wagons, Kalindee Rail and Kernex Microsystems gained on the
fair hike announcement by Railway Minister.
Stocks from Oil & gas sector rallied on government plans of hiking the price of subsidised LPG cylinders by Rs 130
during January-March 2013. Government also intends to increase the diesel prices by Rs 1.5 a litre every month,
which will take the rise to Rs 4.5 a litre during the period. BSE Oil & gas index rose 0.5%. (News)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1407 and 1577
respectively, while 124 scrips remained unmoved.
The BSE Sensex ended at 19666.59, down 75.93 points or 0.38%. The 30 share index touched a high and a low of
19824.06 and 19627.16 respectively. 11 stocks advanced against 19 declining ones on the benchmark index.
The S&P CNX Nifty lost 30.20 points or 0.50% to settle at 5971.50. The index touched high and low of 6020.10 and
5958.45 respectively. 18 stocks advanced against 32 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved down to 7301.23 and lost 0.48% while Small-cap index hammered down by 0.25% to
7615.98.
The broader BSE 500 index decreased to 7701.59 (down 0.42%) and S&P CNX 500 index declined to 4815.75 (down
0.46%).
The volatility as denoted by INDIA VIX gained 0.38% at 13.32 from its previous close of 13.27 on Tuesday.
Sectors in action
On the BSE Sectorial front, Automobile (up 0.74%), Oil & Gas (up 0.50%) and Healthcare (up 0.04%) were the top
gainers.
FMCG (down 1.26%), Consumer Durables (down 1.21%) and Metals (down 1.18%) were the top losers.
The Angels and the Devils
Tata Motors Ltd (up 3.98%), GAIL (India) Ltd (up 1.62%), State Bank of India (up 1.13%), Coal India Ltd (up 1.01%)
and Sun Pharmaceutical Industries Ltd (up 0.94%) were the top gainers on the Sensex.

2. Bharat Heavy Electricals Ltd (down 2.69%), Tata Steel Ltd (down 2.54%), Bajaj Auto Ltd (down 1.96%), ITC Ltd (down
1.93%) and Tata Consultancy Services Ltd (down 1.74%) were the top losers on the Sensex.
Benchmark Drivers
ITC Ltd (-35.99 points), Tata Motors Ltd (26.18 points), Housing Development Finance Corporation Ltd (-19.08 points),
Tata Consultancy Services Ltd (-15.76 points) and Larsen And Toubro Ltd (-10.66 points) were the major Sensex
drivers today.
On the other end ITC Ltd (-8.33 points), Tata Motors Ltd (7.63 points), Tata Consultancy Services Ltd (-4.25 points),
Housing Development Finance Corporation Ltd (-4.13 points) and State Bank of India (3.31 points) were the major
Nifty movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5983 for next session. The next support is at 5947 and on upside it has a resistance
at 6008 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
10-Jan-2013 5885 5922 5947 5983 6008 6045 6070 -
09-Jan-2013 5932 5948 5975 5991 6018 6034 6060 5971.50
08-Jan-2013 5898 5938 5963 6003 6028 6068 6093 6001.70
Sensex has a pivot at 19706 with first level of support and resistance at 19588 and 19785 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
10-Jan-2013 19391 19509 19588 19706 19785 19903 19982 -
09-Jan-2013 19534 19583 19663 19712 19792 19841 19921 19666.59
08-Jan-2013 19410 19532 19612 19734 19814 19936 20016 19742.52
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