Indian markets witnessed a spectacular session of trading as both the key benchmarks skyrocketed 3.8% amidst fading Syrian concerns and rally in global peers. Continuing with the rally for the fourth straight session, Indian indices opened higher and remained in bull grip on strengthened Rupee and marginally optimistic trade data. Both frontline gauges leaped to hit a high above the crucial levels of 20K and 5900. Among BSE sectorials, Auto sector was the star performer, surged 6% followed by Capital Goods.

1. Markets on fire; Sensex reclaims 20K on fading Syria war concerns
Market Summary
10-Sep-2013
Indian markets witnessed a spectacular session of trading as both the key benchmarks skyrocketed 3.8% amidst
fading Syrian concerns and rally in global peers. Continuing with the rally for the fourth straight session, Indian indices
opened higher and remained in bull grip on strengthened Rupee and marginally optimistic trade data. Both frontline
gauges leaped to hit a high above the crucial levels of 20K and 5900. Among BSE sectorials, Auto sector was the star
performer, surged 6% followed by Capital Goods.
On global front, all the US, Asian and European indices remained in upward journey, after Secretary of State John
Kerry hinted for a diplomatic alternative in Syria instead of military strikes.
Back home, Trade Deficit narrowed to $10.91 billion in August as against $12.27 billion in July. Imports dropped to
$37.05 billion in August from $38.10 billion in July whereas Exports rose to $26.14 billion in August as compared to
$25.83 billion in July.
Telecom regulator, Telecom Regulatory Authority of India (TRAI) recommended up to 60% cut in minimum auction
prices for upcoming 2G auctions on account of unenthusiastic interest from telecom companies in two previous sales.
Telecom major, Bharti Airtel, Idea Cellular, OnMobile Global and MTNL jumped 5-12% on BSE. (Read More)
Tata Motors surged 9.88% to hit fresh 52 week high at Rs 352 on BSE as company’s subsidiary Jaguar Land Rover
has registered 28% jump in its global sales in August this year at 27,852 units. The stock today breached the level of
Rs 1 lakh crore in terms of market capitalization. (Read More)
L&T climbed 7.11% after Goldman Sachs added the stock to its “buy” list with a target price of Rs 906 per share.
SKS Microfinance spiked 10.40% on BSE after company’s West Bridge Ventures Il proposed to acquire 1.48% stake
for Rs 22.40 crore from other promoter. (Read More)
Jet Airways gained 3.69% on BSE on receiving approval from the aviation ministry for code-sharing with five airlines -
American Airlines, Malaysian, Garuda of Indonesia, Vietnam Airlines and Kenya Airways. (Read More)
Indraprastha Gas Ltd (IGL) shined 1.68% on BSE on hiking prices of compressed natural gas (CNG) and piped natural
gas (PNG) in Delhi, Noida, Greater Noida and Ghaziabad to Rs 45.60 per kg in Delhi and Rs 51.55 per kg from
September 7, 2013. (Read More)
Kohinoor Foods locked at upper circuit of 105 on BSE as Russia lifted its 8 month old ban on import of rice and
peanuts from India.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1551 and 844 respectively,
while 150 scrips remained unmoved.
The S&P BSE Sensex ended at 19997.10, up 727.04 points or 3.77%. The 30 share index touched a high and a low
of 20012.69 and 19444.66 respectively. 27 stocks advanced against 3 declining ones on the benchmark index.
The CNX Nifty gained 216.35 points or 3.81% to settle at 5896.75. The index touched high and low of 5904.85 and
5738.20 respectively. 41 stocks advanced against 9 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 5525.52 and gained 1.37% while S&P BSE Small-cap index jumped up by
1.10% to 5402.81.
The broader S&P BSE 500 index increased to 7127.69 (up 3.18%) and CNX 500 index rose to 4463.55 (up 3.34%).
The volatility as denoted by INDIA VIX gained 2.76% at 29.44 from its previous close of 28.65 on Friday.
Sectors in action
On the BSE Sectorial front, Automobile (up 5.98%), Capital Goods (up 5.50%) and FMCG (up 5.30%) were the top
gainers.

2. The Angels and the Devils
Tata Motors Ltd (up 9.88%), Bharti Airtel Ltd (up 8.15%), Hero MotoCorp Ltd (up 7.22%), Larsen And Toubro Ltd (up
7.11%) and Sesa Goa Ltd (up 6.30%) were the top gainers on the Sensex.
Dr. Reddys Laboratories Ltd (down 0.87%), GAIL (India) Ltd (down 0.43%) and State Bank of India (down 0.11%) were
the top losers on the Sensex.
Benchmark Drivers
ITC Ltd (126.38 points), Infosys Ltd (83.44 points), Housing Development Finance Corporation Ltd (82.49 points), Tata
Motors Ltd (66.47 points) and Larsen And Toubro Ltd (53.01 points) were the major Sensex drivers today.
On the other end ITC Ltd (32.36 points), Housing Development Finance Corporation Ltd (21.39 points), Infosys Ltd
(19.01 points), Tata Motors Ltd (16.97 points) and Larsen And Toubro Ltd (13.25 points) were the major Nifty movers
today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5847 for next session. The next support is at 5788 and on upside it has a resistance at
5955 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
11-Sep-2013 5622 5680 5788 5847 5955 6013 6122 -
10-Sep-2013 5479 5523 5602 5645 5724 5768 5846 5896.75
06-Sep-2013 5482 5517 5555 5590 5628 5664 5701 5680.40
S&P BSE Sensex has a pivot at 19818 with first level of support and resistance at 19624 and 20192 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
11-Sep-2013 19056 19250 19624 19818 20192 20386 20760 -
10-Sep-2013 18670 18800 19035 19164 19400 19529 19764 19997.10
06-Sep-2013 18575 18711 18845 18981 19116 19252 19386 19270.06
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