Bulls take a breather as markets end in red...Nifty holds 6050 ahead of CPI, IIP data tomorrow

1. Sensex fails to end above 20K as bulls take a breather
Market Summary
09-May-2013
Indian equity benchmarks opened higher with Sensex above 20000 but fell subsequently in red zone on profit booking
ahead of CPI and IIP data tomorrow. Nifty lost 0.43% to settle at 6050.
Globally, US markets ended higher on encouraging corp earnings and positive Chinese trade data. S&P 500 touched
a fresh highs for fifth consecutive session. Asian markets ended mixed whereas European Indices were trading in
negative territory.
Back home, on sectorial front, BSE IT index surged 0.87% and was the leader among sectors on the back of positive
revenue forecast of US based Cognizant Technology Solutions Corp.
Apollo Tyres plunged 3.11% on BSE as Goldman Sachs downgraded the company to "neutral" from "buy", with a new
target price of Rs 103.
Key Quarterly Results
Asian paints (India) Ltd plunged 3.63% on BSE after reporting 2% fall in Q4 Net at Rs 239.56 crore. (Featured Result)
Punjab National Bank (PNB) zoomed 4.57% on BSE despite of reporting 20% decline in Q4 Net at Rs 1130 crore.
(Result)
Union Bank of India gained 1.42% on BSE after posting 2.09% rise in Q4 Net Profit at Rs 789.38 crore. (Result)
Indian Bank jumped 2.72% after hitting fresh 52 week low at Rs 151.10 on BSE despite of 15% fall in Q4 Net at Rs
232 crore. (Result)
SKS Microfinance jumped 1.88% on BSE after reporting a profit of Rs 3 crore as compared to a loss of Rs 330 in
March Quarter on YoY basis.
T he market breadth on the BSE closed in negative. Advancing and declining stocks were 1116 and 1352
respectively, while 176 scrips remained unmoved.
The S&P BSE Sensex ended at 19939.04, down 51.14 points or 0.26%. The 30 share index touched a high and a
low of 20058.48 and 19903.83 respectively. 12 stocks advanced against 17 declining ones on the benchmark index.
The CNX Nifty lost 19.15 points or 0.32% to settle at 6050.15. The index touched high and low of 6084.70 and
6040.45 respectively. 17 stocks advanced against 31 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 6506.87 and lost 0.44% while S&P BSE Small-cap index hammered
down by 0.04% to 6152.70.
The broader S&P BSE 500 index decreased to 7534.53 (down 0.32%) and CNX 500 index declined to 4737.70 (down
0.35%).
The volatility as denoted by INDIA VIX lost 0.95% at 16.60 from its previous close of 16.76 on Wednesday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 0.87%), FMCG (up 0.10%) and Power (up 0.07%) were the
top gainers.
Healthcare (down 1.62%), Metals (down 1.46%) and Real Estate (down 1.10%) were the top losers.
The Angels and the Devils
State Bank of India (up 1.81%), Tata Consultancy Services Ltd (up 1.52%), Wipro Ltd (up 0.80%), Hindalco Industries
Ltd (up 0.54%) and ITC Ltd (up 0.48%) were the top gainers on the Sensex.

2. Sun Pharmaceutical Industries Ltd (down 3.73%), Jindal Steel and Power Ltd (down 3.42%), Sterlite Industries (India)
Ltd (down 2.28%), Cipla Ltd (down 1.47%) and Reliance Industries Ltd (down 1.33%) were the top losers on the
Sensex.
Benchmark Drivers
Reliance Industries Ltd (-23.30 points), Sun Pharmaceutical Industries Ltd (-18.09 points), Tata Consultancy Services
Ltd (15.72 points), HDFC Bank (-15.18 points) and State Bank of India (14.95 points) were the major Sensex drivers
today.
On the other end Reliance Industries Ltd (-6.17 points), Sun Pharmaceutical Industries Ltd (-4.64 points), HDFC Bank
(-4.05 points), State Bank of India (3.35 points) and Axis Bank (-3.24 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6058 for next session. The next support is at 6032 and on upside it has a resistance at
6076 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
10-May-2013 5988 6014 6032 6058 6076 6103 6121 -
09-May-2013 5976 6001 6035 6059 6094 6118 6152 6050.15
08-May-2013 5933 5958 6001 6026 6068 6093 6136 6069.30
S&P BSE Sensex has a pivot at 19967 with first level of support and resistance at 19876 and 20030 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
10-May-2013 19721 19812 19876 19967 20030 20122 20185 -
09-May-2013 19696 19774 19882 19960 20068 20146 20254 19939.04
08-May-2013 19531 19614 19752 19835 19972 20055 20193 19990.18
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