After opening in red amid weak global cues the markets trimmed losses in afternoon session before closing in green with about half a percent gains.

1. Recovering from intraday losses markets end 0.5% up
Market Summary
11-Sep-2012
After opening in red amid weak global cues the markets trimmed losses in afternoon session before closing in green with about half
a percent gains.
BPCL gained 1.8% on the news that the Cabinet could today, take a call on the sensitive issue of fuel price hike.
The market breadth on the BSE closed in positive. Advances and declining stocks were in a ratio of 1571:1270 while 126 scrips
remained unmoved.
The BSE Sensex ended at 17852.95, up 86.17 points or 0.49%. The 30 share index touched a high and a low of 17867.85 and
17677.38 respectively. 17 stocks advanced against 13 declining ones on the benchmark index.
The S&P CNX Nifty gained 26.55 points or 0.50% to settle at 5390.00. The index touched high and low of 5393.35 and 5332.10
respectively. 30 stocks advanced against 19 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 6176.30 and gained 0.27% while Small-cap index jumped up by 0.58% to 6579.68.
The broader BSE 500 index increased to 6784.60 (up 0.42%) and S&P CNX 500 index rose to 4234.60 (up 0.40%).
The volatility as denoted by INDIA VIX gained 0.72% at 15.38 from its previous close of 15.27 on Monday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 0.94%), Information Technology (up 0.88%) and Power (up 0.81%) were the top gainers.
Metals (down 1.48%) and Automobile (down 0.05%) were the top losers.
The Angels and the Devils
Housing Development Finance Corporation Limited (up 2.49%), NTPC Limited (up 1.81%), GAIL (India) Limited (up 1.66%), Bharat
Heavy Electricals Limited (up 1.41%) and Tata Consultancy Services Limited (up 1.41%) were the top gainers on the Sensex.
Sterlite Industries (India) Limited (down 4.43%), Jindal Steel and Power Limited (down 3.13%), Hero MotoCorp Ltd. (down 1.00%),
Tata Steel Limited (down 0.79%) and Hindustan Unilever Limited (down 0.58%) were the top losers on the Sensex.
Benchmark Drivers
Housing Development Finance Corporation Limited (31.05 points), ITC Limited (17.92 points), ICICI Bank (15.43 points), Tata
Consultancy Services Limited (13.49 points) and Infosys Limited (10.28 points) were the major Sensex drivers today.
On the other end Housing Development Finance Corporation Limited (8.04 points), ITC Limited (4.50 points), ICICI Bank (4.11 points),
Tata Consultancy Services Limited (3.86 points) and Infosys Limited (2.59 points) were the major Nifty movers today.
Going Forward
(Technical Support and Resistance levels for next session)
S&P CNX Nifty is now pivoted at 5370 levels for next session. The next support is at 5350 and on upside it has a resistance at 5410
levels.
S3 S2 S1 PIVOT R1 R2 R3
5289 5310 5350 5371 5411 5432 5472
Similarly, Sensex has a pivot at 17800 with first level of support and resistance at 17730 and 17920 respectively.
S3 S2 S1 PIVOT R1 R2 R3
17540 17608 17730 17798 17920 17988 18110
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