Sensex scores a triple ton on upbeat WPI & global cues

1. Sensex scores a triple ton on upbeat WPI & global cues
Market Summary
14-Jun-2013
Snapping three days losing streak, Indian benchmarks jumped at open amid optimistic global cues. Eased WPI
numbers bolstered the uptrend with Nifty climbing above psychological level of 5800 and Sensex gaining 350 points at
the close. On sectorial front, Consumer Durables and Auto sector topped charts, surged more than 3% on BSE.
Globally, US markets edged higher boosted by buoyant economic data and report in the Wall Street Journal that eased
worries about the Federal Reserve’s monetary policy. Asian and European markets traded in positive zone.
Back home, after having registered the lowest level since 2009 in April, India’s headline inflation, as measured by the
wholesale price index (WPI), eased further to 4.7% in May. The corresponding WPI number for April 2013 was
reported at 4.89% and for May 2012 it was 7.55%. This is the third consecutive monthly decline. March inflation is
revised downwards to 5.65% from 5.96%. WPI food inflation rose to 8.25% in May from 6.08% in April. (News)
Due to huge volatility in stock price on May 31, market regulator SEBI has sought details from Infosys about its board
meeting held on June 1 that has resulted in rejoining of N R Narayana Murthy for executive role in the company. The
stock closed 0.67% up on BSE today.
Despite the positive sentiments in market, Wipro fell 0.71% on BSE as the company is slapped a claim of over Rs 816
crore by the Income Tax Department of India. (News)
Reliance Communications (RCom) shined 1.52% on BSE after entering into partnership with Star Sports for offering
unlimited live streaming cricket matches for 3G and prepaid GSM customers in the country. (News)
Automobile major, Tata Motors rallied 4.91% on BSE on the back of 12.3% hike in sales of its UK based subsidiary
Jaguar Land Rover on year on year basis. The company sold 32477 units in May 2013.
State owned, MMTC tanked 9.98% to hit a 5 year low of 171.35 on BSE. The company is locked by 10% lower circuit
for second straight session on fixing a discounted price of Rs 60/ share for OFS.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1446 and 908 respectively,
while 151 scrips remained unmoved.
The S&P BSE Sensex ended at 19177.93, up 350.77 points or 1.86%. The 30 share index touched a high and a low
of 19213.10 and 18952.09 respectively. 26 stocks advanced against 4 declining ones on the benchmark index.
The CNX Nifty gained 109.30 points or 1.92% to settle at 5808.40. The index touched high and low of 5819.40 and
5739.40 respectively. 46 stocks advanced against 4 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 6180.98 and gained 1.19% while S&P BSE Small-cap index jumped up by
1.03% to 5772.45.
The broader S&P BSE 500 index increased to 7193.12 (up 1.70%) and CNX 500 index rose to 4525.95 (up 1.77%).
The volatility as denoted by INDIA VIX lost 5.61% at 18.35 from its previous close of 19.44 on Thursday.
Sectors in action
On the BSE Sectorial front, Consumer Durables (up 3.52%), Automobile (up 3.01%) and Real Estate (up 2.86%) were
the top gainers. There was no loser among BSE sectorials.
The Angels and the Devils
Hindalco Industries Ltd (up 8.42%), Tata Motors Ltd (up 5.04%), Maruti Suzuki India Ltd (up 4.09%), Tata Power
Company Ltd (up 3.72%) and Larsen And Toubro Ltd (up 3.38%) were the top gainers on the Sensex.
Wipro Ltd (down 0.71%), Hero MotoCorp Ltd (down 0.41%), Cipla Ltd (down 0.24%) and Hindustan Unilever Ltd
(down 0.24%) were the top losers on the Sensex.

2. Benchmark Drivers
Reliance Industries Ltd (55.06 points), ICICI Bank (45.51 points), Housing Development Finance Corporation Ltd
(37.72 points), Larsen And Toubro Ltd (31.01 points) and ITC Ltd (30.28 points) were the major Sensex drivers today.
On the other end Reliance Industries Ltd (13.27 points), ICICI Bank (11.52 points), Housing Development Finance
Corporation Ltd (10.01 points), ITC Ltd (7.88 points) and Larsen And Toubro Ltd (7.81 points) were the major Nifty
movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5789 for next session. The next support is at 5759 and on upside it has a resistance at
5839 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
17-Jun-2013 5679 5709 5759 5789 5839 5869 5919 -
14-Jun-2013 5631 5657 5678 5704 5725 5751 5772 5808.40
13-Jun-2013 5681 5710 5735 5764 5789 5818 5844 5699.10
S&P BSE Sensex has a pivot at 19113 with first level of support and resistance at 19012 and 19273 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
17-Jun-2013 18751 18852 19012 19113 19273 19374 19534 -
14-Jun-2013 18608 18687 18757 18836 18906 18984 19054 19177.93
13-Jun-2013 18785 18877 18959 19051 19133 19225 19307 18827.16
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