After remaining listless and range bound in initial hours, markets gained strength in the afternoon session post inflation data release. The wholesale price index (WPI), India's headline inflation, surprisingly eased down to 7.24% for the month of November, 2012 viz-a-viz 7.45% for October and 9.46% during the Nov 2011. The rate cut hopes that were dashed by higher CPI were re-ignited post WPI disclosure. The markets held the gains till the end with Nifty ending 0.48% up.

1. Sensex snaps 5 day losing streak on better than anticipated WPI data
Market Summary
14-Dec-2012
After remaining listless and range bound in initial hours, markets gained strength in the afternoon session post inflation
data release. The wholesale price index (WPI), India's headline inflation, surprisingly eased down to 7.24% for the
month of November, 2012 viz-a-viz 7.45% for October and 9.46% during the Nov 2011. The rate cut hopes that were
dashed by higher CPI were re-ignited post WPI disclosure. The markets held the gains till the end with Nifty ending
0.48% up.
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1438 and 1467
respectively, while 117 scrips remained unmoved.
The BSE Sensex ended at 19317.25, up 87.99 points or 0.46%. The 30 share index touched a high and a low of
19348.85 and 19193.11 respectively. 14 stocks advanced against 16 declining ones on the benchmark index.
The S&P CNX Nifty gained 28.10 points or 0.48% to settle at 5879.60. The index touched high and low of 5886.10
and 5839.15 respectively. 29 stocks advanced against 21 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 6999.05 and gained 0.60% while Small-cap index jumped up by 0.08% to
7353.72.
The broader BSE 500 index increased to 7512.04 (up 0.55%) and S&P CNX 500 index rose to 4698.80 (up 0.53%).
The volatility as denoted by INDIA VIX lost 3.26% at 14.23 from its previous close of 14.71 on Thursday.
Sectors in action
On the BSE Sectorial front, Metals (up 2.31%), Banks (up 1.27%) and Real Estate (up 1.01%) were the top gainers.
Consumer Durables (down 1.23%), Healthcare (down 0.29%) and Power (down 0.23%) were the top losers.
The Angels and the Devils
Sterlite Industries (India) Ltd (up 3.57%), Hindalco Industries Ltd (up 3.54%), State Bank of India (up 2.58%), Jindal
Steel and Power Ltd (up 2.48%) and Tata Steel Ltd (up 2.33%) were the top gainers on the Sensex.
Bharti Airtel Ltd (down 1.52%), Bharat Heavy Electricals Ltd (down 1.38%), Dr. Reddys Laboratories Ltd (down
0.99%), Tata Power Company Ltd (down 0.90%) and Cipla Ltd (down 0.60%) were the top losers on the Sensex.
Benchmark Drivers
State Bank of India (20.97 points), ICICI Bank (20.10 points), Reliance Industries Ltd (13.37 points), Tata Consultancy
Services Ltd (12.61 points) and Tata Motors Ltd (9.42 points) were the major Sensex drivers today.
On the other end State Bank of India (5.22 points), ICICI Bank (5.12 points), Tata Consultancy Services Ltd (3.58
points), Reliance Industries Ltd (2.68 points) and Axis Bank (2.28 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5868 for next session. The next support is at 5850 and on upside it has a resistance
at 5897 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
17-Dec-2012 5804 5821 5850 5868 5897 5915 5944 -
14-Dec-2012 5760 5801 5826 5867 5892 5933 5958 5879.60
13-Dec-2012 5816 5845 5867 5896 5917 5946 5967 5851.50
Sensex has a pivot at 19286 with first level of support and resistance at 19224 and 19380 respectively.

2. Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
17-Dec-2012 19068 19131 19224 19286 19380 19442 19535 -
14-Dec-2012 18918 19058 19143 19283 19368 19508 19593 19317.25
13-Dec-2012 19127 19222 19289 19384 19450 19545 19612 19229.26
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