Markets end result heavy session with 0.9% losses: Following a flat opening, markets traded in green for a while. However profit booking soon took over on U.S. fiscal worries. Disappointing Q2 numbers from index heavy weights such as SBI, ONGC and Tata Steel aided to the bearish sentiments causing key benchmarks to shed about 0.9% of their values.

1. Markets end result heavy session with 0.9% losses
Market Summary
09-Nov-2012
Following a flat opening, markets traded in green for a while. However profit booking soon took over on U.S. fiscal
worries. Disappointing Q2 numbers from index heavy weights such as SBI, ONGC and Tata Steel aided to the bearish
sentiments causing key benchmarks to shed about 0.9% of their values.
United Spirits had made a fresh all time high today at Rs. 1425 after the reports of 53.4% stake sell to the Diageo for
USD 2 billion. For the September quarter, while the Net Sales increased by 19.85%, Net Profit dipped by 73.47% and
thereby NPM reduced to 1.76% as compared to 7.93% on y-o-y basis. The stock closed up by 1.22% on BSE.
(Result)
State Bank of India reported a 30.16% rise in its Sep quarter Net Profit. The stock tanked 3.89% (BSE) on rising bad
loans. (Featured Result)
Bharat Petroleum Corporation closed down by 0.28% after it reported net profit of Rs 5034.79 crore in Q2 as
compared to a net loss of Rs 3229.27 crore YoY. (News)
Tata steel reported a 9.66% dip in Sep Quarter Net Profit (standalone). Stock ended 3.25% down on BSE. (Result)
ONGC plummeted over 3% as company reported 31.77% dip in Q2 Net Profit. (Result)
HDIL reported 176.74% growth in Net Profit on y-o-y basis. The stock closed down by 1.32% on BSE. (Result)
Ashok Leyland reported 7.45% decline in Net Profit on y-o-y basis. The stock closed up by 6.64% on BSE. (Result)
Indian Oil Corporation reported 228.40% growth in Net Profit on y-o-y basis. The stock closed down by 1.02% on
BSE. (Result)
Apollo Hospitals Enterprise reported 49.28% growth in Net Profit on y-o-y basis. The stock closed down by 6.21% on
BSE. (Result)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1116 and 1724
respectively, while 124 scrips remained unmoved.
The BSE Sensex ended at 18683.68, down 162.58 points or 0.86%. The 30 share index touched a high and a low of
18894.42 and 18656.41 respectively. 4 stocks advanced against 26 declining ones on the benchmark index.
The S&P CNX Nifty lost 52.50 points or 0.91% to settle at 5686.25. The index touched high and low of 5751.70 and
5677.75 respectively. 9 stocks advanced against 40 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved down to 6660.68 and lost 0.99% while Small-cap index hammered down by 0.69% to
7069.65.
The broader BSE 500 index decreased to 7218.32 (down 0.84%) and S&P CNX 500 index declined to 4508.80 (down
0.88%).
The volatility as denoted by INDIA VIX gained 1.05% at 14.37 from its previous close of 14.22 on Thursday.
Sectors in action
Real Estate (down 1.64%), Metals (down 1.49%) and Oil & Gas (down 1.33%) were the top losers. There was no
gainer among BSE sectorial today.
The Angels and the Devils
Bajaj Auto Limited (up 0.36%), Maruti Suzuki India Limited (up 0.32%), Cipla Limited (up 0.14%) and HDFC Bank (up
0.09%) were the top gainers on the Sensex.
State Bank of India (down 3.89%), Tata Steel Limited (down 3.25%), Oil and Natural Gas Corporation Limited (down

2. State Bank of India (down 3.89%), Tata Steel Limited (down 3.25%), Oil and Natural Gas Corporation Limited (down
3.05%), Sterlite Industries (India) Limited (down 2.38%) and Bharat Heavy Electricals Limited (down 2.13%) were the
top losers on the Sensex.
Benchmark Drivers
State Bank of India (-31.33 points), ICICI Bank (-23.12 points), Reliance Industries Limited (-16.98 points), Oil and
Natural Gas Corporation Limited (-16.49 points) and Infosys Limited (-14.90 points) were the major Sensex drivers
today.
On the other end State Bank of India (-7.90 points), ICICI Bank (-5.81 points), Reliance Industries Limited (-4.79
points), Oil and Natural Gas Corporation Limited (-4.16 points) and Infosys Limited (-3.90 points) were the major Nifty
movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5705 for next session. The next support is at 5659 and on upside it has a resistance
at 5733 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
12-Nov-2012 5585 5631 5659 5705 5733 5779 5807 -
09-Nov-2012 5656 5675 5707 5726 5758 5776 5808 5686.25
08-Nov-2012 5656 5684 5722 5750 5788 5816 5854 5738.75
Sensex has a pivot at 18745 with first level of support and resistance at 18595 and 18833 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
12-Nov-2012 18357 18507 18595 18745 18833 18983 19071 -
09-Nov-2012 18638 18687 18767 18816 18895 18945 19024 18683.68
08-Nov-2012 18614 18700 18801 18887 18989 19075 19176 18846.26
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