Markets cheer on IIP and global cues.. Nifty closes near 6100.. Auto stocks on top gear..Japanese and European shares hits new 5 yr highs

1. Markets excited on IIP; Sensex conquers 20K, Nifty closes in on 6100
Market Summary
10-May-2013
Indian markets had a good day in business and ended the week on buoyant note as both the frontline index moved up
by over 0.7%. Global optimism coupled with forecast beating Industrial output data boosted the investor sentiments.
Auto sector dominated the charts on record Yen depreciation against US Dollar.
Globally, U.S. markets ended marginally lower. S&P 500 snapped its stint of making all time highs and closed 0.37%
lower. On the other end, Asian and European peers were largely positive. Japanese Nikkei soared to a fresh 5-year
high on Yen falling to a new record low of over 100 Yen per USD. European shares too joined the party and rose to
fresh five year highs on continuing stimulus from central banks.
Back home, the Quick Estimates of Index of Industrial Production (IIP) for the month of March 2013 stood at 192.3,
which is 2.5% higher on YoY basis and beats the street expectation. The revised IIP growth for Feb 2013 is reported at
0.46%. Finance Ministry was ecstatic on encouraging industrial output data and looked optimistic for GDP growth of
over 6%.
Oil marketing companies Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL), Oil India (OIL),
Oil and Natural Gas Corporation Ltd (ONGC) and Bharat Petroleum Corporation Ltd (BPCL) rose 3.98%, 1.99%,
1.82%, 1.56% and 1.20% respectively on the hopes of diesel price hike by Re 1 per litre.
Maruti Suzuki has hit fresh yearly high at Rs 1727.90 and closed 4% up on BSE due to weakening of Yen against
Dollar. The other major auto stocks also followed the suit.
Media Shares NDTV, TV Today, HT Media, ZEE News, TV18 Network and Network18 Media and Investments soared
19.69%, 13.05%, 5.23%, 5.83%, 7.63% and 7.39% respectively as NDTV posted strong Q4 earnings. The market
expects similar numbers from other players.
PVR Ltd surged 2.52% and made new 52 week high at Rs 366.75 on BSE as investment services provider Macquarie
Bank acquired 2.68 lakh shares worth Rs 9.5 crore of the company via open market transactions. (News)
Key Quarterly Results
NTPC reported a rise of 69% in Q4 net profit at Rs 4381.16 crore. The stock closed 0.83% down on BSE. (News)
Jubilant FoodWorks ended 0.50% up on BSE after posting a growth of 11.52% in its net profit at Rs 32.71 crore in
Q4FY13. (Result)
New Delhi Television (NDTV) skyrocketed 19.69% after making fresh 52 week high at Rs 90.15 on BSE on reporting
a net profit of Rs 27.8 crore for Q4 on consolidated basis against a net loss of Rs 41.30 crore YoY.
Central Bank of India registered a net profit of Rs 169 crore as against loss of Rs 105 crore in Q4. Additionally, the
company inked a pact with technology major IBM. The stock zoomed 4.25% on BSE.
Escorts Ltd jumped 1.15% on BSE on reporting 61% growth in Q2 Net Profit at Rs 37.5 crore.
The market breadth on the BSE closed in negative. Advancing and declining stocks were 860 and 913 respectively,
while 76 scrips remained unmoved.
The S&P BSE Sensex ended at 20082.62, up 143.58 points or 0.72%. The 30 share index touched a high and a low
of 20119.14 and 19908.80 respectively. 18 stocks advanced against 12 declining ones on the benchmark index.
The CNX Nifty gained 44.60 points or 0.74% to settle at 6094.75. The index touched high and low of 6105.30 and
6045.60 respectively. 33 stocks advanced against 17 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 6519.29 and gained 0.19% while S&P BSE Small-cap index jumped up by
0.22% to 6166.34.
The broader S&P BSE 500 index increased to 7579.68 (up 0.60%) and CNX 500 index rose to 4769.20 (up 0.66%).

2. The volatility as denoted by INDIA VIX gained 1.57% at 16.86 from its previous close of 16.60 on Thursday.
Sectors in action
On the BSE Sectorial front, Automobile (up 2.20%), Consumer Durables (up 2.03%) and FMCG (up 1.42%) were the
top gainers.
Power (down 0.30%) and Metals (down 0.22%) were the top losers.
The Angels and the Devils
Maruti Suzuki India Ltd (up 3.99%), Tata Motors Ltd (up 2.92%), Hindalco Industries Ltd (up 2.52%), ITC Ltd (up
2.47%) and Mahindra and Mahindra Ltd (up 2.33%) were the top gainers on the Sensex.
Coal India Ltd (down 2.96%), Jindal Steel and Power Ltd (down 1.97%), Sun Pharmaceutical Industries Ltd (down
1.40%), NTPC Ltd (down 0.83%) and Reliance Industries Ltd (down 0.73%) were the top losers on the Sensex.
Benchmark Drivers
ITC Ltd (55.78 points), HDFC Bank (28.77 points), ICICI Bank (18.53 points), Tata Motors Ltd (18.33 points) and
Reliance Industries Ltd (-12.71 points) were the major Sensex drivers today.
On the other end ITC Ltd (14.31 points), HDFC Bank (7.60 points), Tata Motors Ltd (4.73 points), ICICI Bank (4.39
points) and Mahindra and Mahindra Ltd (3.08 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6082 for next session. The next support is at 6058 and on upside it has a resistance at
6118 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
13-May-2013 5999 6022 6058 6082 6118 6142 6178 -
10-May-2013 5988 6014 6032 6058 6076 6103 6121 6094.75
09-May-2013 5976 6001 6035 6059 6094 6118 6152 6050.15
S&P BSE Sensex has a pivot at 20037 with first level of support and resistance at 19955 and 20165 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
13-May-2013 19744 19827 19955 20037 20165 20247 20375 -
10-May-2013 19721 19812 19876 19967 20030 20122 20185 20082.62
09-May-2013 19696 19774 19882 19960 20068 20146 20254 19939.04
Follow us on This content is generated at www.finalaya.com and is governed by the Terms of Use.