Following a gap down start, Indian equity indices entered green zone in late morning deals boosted by substantially narrowed trade deficit digits for September. Sensex rallied 265 points to end at 20250 and Nifty surpassed 6K at the close. On BSE sectorial front, Realty topped the charts by surging 4%.

1. Sensex soars 265 points on rosy trade data; Nifty reclaims 6K
Market Summary
09-Oct-2013
Following a gap down start, Indian equity indices entered green zone in late morning deals boosted by substantially
narrowed trade deficit digits for September. Sensex rallied 265 points to end at 20250 and Nifty surpassed 6K at the
close. On BSE sectorial front, Realty topped the charts by surging 4%.
Among global peers, US markets traded on a mixed note on worries about the impact of the ongoing government
shutdown. Asian and European indices traded in positive terrain on strong buying by investors.
Back home, on the back of dropping Gold imports, trade deficit contracted to a two-and-a-half year low at $6.76 billion
in September as against $10.9 billion in August. While exports were up 6% to $27.68 billion versus $26.1 billion in
August, imports slipped for fourth consecutive month by 7.1% to $34.44 billion versus $37.05 billion. Quarterly deficit
for April-September stood at $80.12 billion which is lower by 12.74% than the deficit of $91.82 billion during the
corresponding period of the previous year. (Read More)
Global rating agency, JP Morgan downgraded IndusInd Bank and Punjab National Bank from “overweight” to
“underweight” with a reduced target price of Rs 375 and Rs 450 respectively. It also downgraded Kotak Mahindra
Bank and State Bank of India to “neutral” from “overweight” with a reduced target price of Rs 750 and Rs 1800
respectively. However the stocks ended in green on positive sentiments in the market.
Realty major, DLF soared 5.75% on BSE as company’s subsidiary companies DLF Home Developers and DLF
Projects have offloaded 60% stake in Star Alubuild worth Rs 79.80 crore. (Read More)
Pharma major, Lupin surged 2.77% and hit fresh 52 week high at Rs 918.3 on BSE today. In September quarter,
foreign institutional investors (FIIs) have raised their stake in the company to 31.45%. (Read More)
Kaveri Seed Company rallied 6.7% on BSE as Bayer Crop Science is in preliminary talks to acquire minority stake of
less than 26% in the company. (Read More)
PTC India shined 5% on BSE on receiving an amount of Rs 778 crore from UP Power Corporation (UPPCL) towards
past outstanding dues against sale of power to UPPCL. (Read More)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1442 and 1060 respectively,
while 181 scrips remained unmoved.
The S&P BSE Sensex ended at 20249.26, up 265.65 points or 1.33%. The 30 share index touched a high and a low
of 20277.74 and 19826.96 respectively. 25 stocks advanced against 5 declining ones on the benchmark index.
The CNX Nifty gained 79.05 points or 1.33% to settle at 6007.45. The index touched high and low of 6015.50 and
5877.10 respectively. 40 stocks advanced against 10 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 5816.72 and gained 0.84% while S&P BSE Small-cap index jumped up by
0.54% to 5651.71.
The broader S&P BSE 500 index increased to 7329.03 (up 1.25%) and CNX 500 index rose to 4592.45 (up 1.23%).
The volatility as denoted by INDIA VIX lost 2.56% at 25.87 from its previous close of 26.55 on Tuesday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 4.27%), Banks (up 1.88%) and Healthcare (up 1.88%) were the top
gainers.
Consumer Durables (down 0.36%) was the top loser.
The Angels and the Devils
Sun Pharmaceutical Industries Ltd (up 5.09%), Bajaj Auto Ltd (up 2.79%), HDFC Bank (up 2.57%), Infosys Ltd (up
2.48%) and Bharat Heavy Electricals Ltd (up 2.25%) were the top gainers on the Sensex.

2. Wipro Ltd (down 1.19%), Sesa Sterlite Ltd (down 1.05%), Mahindra and Mahindra Ltd (down 0.99%), Cipla Ltd (down
0.74%) and Maruti Suzuki India Ltd (down 0.64%) were the top losers on the Sensex.
Benchmark Drivers
Infosys Ltd (43.65 points), HDFC Bank (37.11 points), Reliance Industries Ltd (36.25 points), Sun Pharmaceutical
Industries Ltd (30.81 points) and Housing Development Finance Corporation Ltd (22.19 points) were the major Sensex
drivers today.
On the other end Infosys Ltd (11.08 points), HDFC Bank (9.47 points), Reliance Industries Ltd (8.50 points), Sun
Pharmaceutical Industries Ltd (7.75 points) and Tata Consultancy Services Ltd (5.18 points) were the major Nifty
movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5967 for next session. The next support is at 5918 and on upside it has a resistance at
6056 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
10-Oct-2013 5779 5828 5918 5967 6056 6105 6195 -
09-Oct-2013 5832 5872 5900 5941 5969 6010 6038 6007.45
08-Oct-2013 5765 5795 5851 5881 5937 5967 6023 5928.40
S&P BSE Sensex has a pivot at 20118 with first level of support and resistance at 19958 and 20409 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
10-Oct-2013 19507 19667 19958 20118 20409 20569 20860 -
09-Oct-2013 19683 19810 19897 20024 20110 20237 20324 20249.26
08-Oct-2013 19448 19548 19722 19821 19995 20095 20269 19983.61
Follow us on This content is generated at www.finalaya.com and is governed by the Terms of Use.