Following a positive start on the back of robust Q3 numbers of Indian IT bellwether Infosys, the Nifty moved southward on disappointing IIP numbers and ended the session in red. BSE Sensex on the other end closed flat. The entire IT pack led by Infosys were going all guns blazing today. Infosys skyrocketed 17% to Rs. 2720 per share. BSE IT Index shot up 9.34%. Except IT, Teck and Consumer Durables all other sectors were witnessing selling pressure.

1. Nifty ends below 5950 as disappointing IIP numbers overpowered Infy's
stellar Q3 show
Market Summary
11-Jan-2013
Following a positive start on the back of robust Q3 numbers of Indian IT bellwether Infosys, the Nifty moved southward
on disappointing IIP numbers and ended the session in red. BSE Sensex on the other end closed flat. The entire IT
pack led by Infosys were going all guns blazing today. Infosys skyrocketed 17% to Rs. 2720 per share. BSE IT Index
shot up 9.34%. Except IT, Teck and Consumer Durables all other sectors were witnessing selling pressure.
Infy Result: Although the company has posted a marginal fall in Q3 consolidated net profit, its total income has
increased by 12.42% to Rs 10927 on yoy basis. Most cheering aspect of the result announcement was the upward
revision of its annual guidance for the fiscal in dollar terms at $7,450 million (up 1.46%) from earlier forecast of $7,343
million. On standalone basis the company posted a sequential q-o-q growth of 2.95% in Net Sales at Rs. 9398 cr. The
Net Profit dipped 3.29% at Rs. 2265 crore on qoq basis. (Result)
CMC Result: A leading system engineering and Integration Company, CMC Ltd has reported 34.44% rise in its dec
quarter (DQ) Net profit at Rs 43.92 crore. The total income rose 2.92% to Rs 261.84 crore. CMC stock hit a new 52
week high of Rs. 1352 before ending 3.44% up on BSE. (News)
Industrial Output: As per the govt data release, India’s index of industrial production (IIP), measuring outputs of
mining, manufacturing and electricity sectors, contracted by 0.1% in November as against the robust growth of 8.3%
(revised) in October. The below estimate IIP numbers could persuade RBI to consider rate cut to boost growth. BSE
Bankex ended 1.37% down.
The market breadth on the BSE closed in negative. Advancing and declining stocks were 981 and 1968 respectively,
while 130 scrips remained unmoved.
The BSE Sensex ended at 19663.64, up 0.09 points or 0.00%. The 30 share index touched a high and a low of
19839.80 and 19619.83 respectively. 4 stocks advanced against 26 declining ones on the benchmark index.
The S&P CNX Nifty lost 23.30 points or 0.39% to settle at 5945.35. The index touched high and low of 6018.85 and
5940.60 respectively. 6 stocks advanced against 44 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved down to 7156.88 and lost 1.49% while Small-cap index hammered down by 1.58% to
7454.76.
The broader BSE 500 index decreased to 7641.13 (down 0.63%) and S&P CNX 500 index declined to 4775.65 (down
0.70%).
The volatility as denoted by INDIA VIX lost 0.38% at 13.22 from its previous close of 13.27 on Thursday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 9.34%) and Consumer Durables (up 0.21%) were the top
gainers.
FMCG (down 2.47%), Real Estate (down 1.89%) and Power (down 1.72%) were the top losers.
The Angels and the Devils
Infosys Ltd (up 16.90%), Wipro Ltd (up 6.10%), Tata Consultancy Services Ltd (up 3.80%) and Sterlite Industries
(India) Ltd (up 1.17%) were the top gainers on the Sensex.
Jindal Steel and Power Ltd (down 3.53%), Hindustan Unilever Ltd (down 3.51%), Oil and Natural Gas Corporation Ltd
(down 3.28%), Mahindra and Mahindra Ltd (down 2.83%) and ITC Ltd (down 2.63%) were the top losers on the
Sensex.
Benchmark Drivers
Infosys Ltd (227.83 points), ITC Ltd (-48.43 points), Tata Consultancy Services Ltd (33.40 points), Housing

2. Infosys Ltd (227.83 points), ITC Ltd (-48.43 points), Tata Consultancy Services Ltd (33.40 points), Housing
Development Finance Corporation Ltd (-27.35 points) and Hindustan Unilever Ltd (-23.35 points) were the major
Sensex drivers today.
On the other end Infosys Ltd (57.18 points), ITC Ltd (-12.04 points), Tata Consultancy Services Ltd (8.83 points),
Housing Development Finance Corporation Ltd (-7.27 points) and Reliance Industries Ltd (-5.91 points) were the major
Nifty movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5968 for next session. The next support is at 5918 and on upside it has a resistance
at 5996 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
14-Jan-2013 5839 5890 5918 5968 5996 6047 6074 -
11-Jan-2013 5884 5916 5942 5974 6000 6032 6058 5945.35
10-Jan-2013 5885 5922 5947 5983 6008 6045 6070 5968.65
Sensex has a pivot at 19708 with first level of support and resistance at 19576 and 19796 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
14-Jan-2013 19356 19488 19576 19708 19796 19928 20016 -
11-Jan-2013 19391 19494 19579 19681 19766 19869 19953 19663.64
10-Jan-2013 19391 19509 19588 19706 19785 19903 19982 19663.55
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