After a marginally positive opening, the markets went into negative territory as the disappointing September IIP numbers and rise in October retail inflation turned the sentiments adverse. Markets closed flat ahead of Diwali Muhurat trading tomorrow.

1. Markets end flat ahead of Diwali; United Spirits moves skywards
Market Summary
12-Nov-2012
After a marginally positive opening, the markets went into negative territory as the disappointing September IIP
numbers and rise in October retail inflation turned the sentiments adverse. Markets closed flat ahead of Diwali Muhurat
trading tomorrow.
Given the fall in food inflation, annual rate of inflation, based on the consumer prices index (CPI) in India, creeping a
tad higher in the month of October, grew at 9.75 percent. Food inflation in the CPI dropped to 11.43 percent in October
from 11.53 percent in September 2012. (News)
In signs that the economy is not out of woods, India’s index of industrial production (IIP), a key measure of industrial
output witnessed contraction of 0.4 per cent in September 2012 at 163.6, way below the consensus estimates of 3
percent growth figure. Further, the number was below than August month’s growth figure of 2.7 per cent, which was
later revised to 2.3 per cent. (News)
On stock specific front, United Spirits skyrocketed by 35% and has made a fresh all time high for second consecutive
trading day on the news of Diageo acquiring major stake in the company. (News)
Key Quarterly Results
Jaypee Infratech reported decline in Net Sales by 1.55% while Net Profit dipped by 41.74%. The stock closed down
by 2.14% on BSE. (Featured Result)
Eicher Motors reported increase in Net Sales by 52.41% and Net Profit grown by 80.76%. The stock closed up by
2.47% on BSE. (Result)
Nestle India reported Net Sales increased by 7.86%, Net Profit grown by 2.34%. The stock closed down by 1.02% on
BSE. (Result)
DB Realty reports 41% fall in Q2 consolidated net profit. The stock hit a new 52 week high and closed up by 9.99%
on BSE. (News)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1459 and 1332 respectively,
while 131 scrips remained unmoved.
The BSE Sensex ended at 18670.34, down 13.34 points or 0.07%. The 30 share index touched a high and a low of
18750.92 and 18607.66 respectively. 17 stocks advanced against 12 declining ones on the benchmark index.
The S&P CNX Nifty lost 2.55 points or 0.04% to settle at 5683.70. The index touched high and low of 5718.90 and
5665.75 respectively. 22 stocks advanced against 28 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 6682.29 and gained 0.32% while Small-cap index jumped up by 0.20% to
7084.03.
The broader BSE 500 index increased to 7234.16 (up 0.22%) and S&P CNX 500 index rose to 4519.25 (up 0.23%).
The volatility as denoted by INDIA VIX gained 3.41% at 14.86 from its previous close of 14.37 on Sunday.
Sectors in action
On the BSE Sectorial front, Consumer Durables (up 1.13%), Banks (up 0.94%) and Real Estate (up 0.87%) were the
top gainers.
Metals (down 0.70%), Capital Goods (down 0.67%) and Oil & Gas (down 0.36%) were the top losers.
The Angels and the Devils
Bharti Airtel Limited (up 1.74%), Tata Consultancy Services Limited (up 1.45%), HDFC Bank (up 0.84%), GAIL (India)
Limited (up 0.77%) and Sterlite Industries (India) Limited (up 0.70%) were the top gainers on the Sensex.

2. Tata Steel Limited (down 1.46%), Maruti Suzuki India Limited (down 1.00%), Coal India Ltd. (down 0.94%), Hero
MotoCorp Ltd. (down 0.77%) and Reliance Industries Limited (down 0.67%) were the top losers on the Sensex.
Benchmark Drivers
Housing Development Finance Corporation Limited ( points), Cipla Limited ( points), Bharat Heavy Electricals Limited (
points), State Bank of India ( points) and Dr. Reddys Laboratories Ltd. ( points) were the major Sensex drivers today.
On the other end ACC Limited ( points), Ambuja Cements Limited ( points), Asian Paints (India) Limited ( points), Axis
Bank ( points) and Bajaj Auto Limited ( points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5689 for next session. The next support is at 5660 and on upside it has a resistance
at 5713 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
13-Nov-2012 5607 5636 5660 5689 5713 5743 5766 -
12-Nov-2012 5585 5631 5659 5705 5733 5779 5807 5683.70
09-Nov-2012 5656 5675 5707 5726 5758 5776 5808 5686.25
Sensex has a pivot at 18718 with first level of support and resistance at 18685 and 18749 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
13-Nov-2012 18621 18654 18685 18718 18749 18782 18812 -
12-Nov-2012 18357 18507 18595 18745 18833 18983 19071 18670.34
09-Nov-2012 18638 18687 18767 18816 18895 18945 19024 18683.68
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