Markets end with marginal gains; disregards 41-month low inflation

1. Markets end with marginal gains; disregards 41-month low inflation
Market Summary
14-May-2013
After yesterday’s crash, markets started on a cautious note but subsequently edged higher on the back of robust WPI
numbers. In afternoon session, benchmarks dived below previous close once but trimmed losses to end flat with Nifty
at 5995.
WPI Inflation eased to its lowest since November 2009 at 4.89% for the month of April, 2013 as against 5.96% for the
previous month. (News)
Ranbaxy Laboratories jumped 3.63% on BSE after the company agreed to pay $500 million (approximately Rs 2,743
crore) for resolving fraud allegations of selling adulterated drugs and lying about it to US regulators.
Tata Steel dipped 0.47% on BSE as the company announced around $1.6-billion goodwill impairment charge for the
loss of value of Tata Steel Europe and other overseas assets in Thailand and South Africa.
Key Quarterly Results
Dr Reddys Laboratories plunged 2.66% on BSE despite of registering 78.55% growth in its net profit at Rs 378.15
crore for Q4FY13. (Featured Result)
Eicher Motors spurted 6.68% on BSE after reporting an increase of 114.42% in its Q1 net profit at Rs 97.20 crore.
(Result)
Aptech zoomed 8.56% on BSE as the company’s net profit rose 86.17% to Rs 13.87 crore in March Quarter. (News)
Nestle India ended 0.50% up on BSE after its Net Profit grew 1.22% to 279.09 crore in Q1. (Result)
Muthoot Finance dived 5.13% after its net profit declined by 6.48% to Rs 220.04 crore in Q4. (Result)
TV18 Broadcast gained 1.22% on BSE as its Net Profit grew 353.53% to Rs 20.94 crores in Q4. (Result)
Network 18 Media & Investments registered 213.33% growth in Net Profit grown of Q4 at Rs 43.7 crore. The stock
closed 0.53% up on BSE. (Result)
T he market breadth on the BSE closed in negative. Advancing and declining stocks were 1156 and 1225
respectively, while 134 scrips remained unmoved.
The S&P BSE Sensex ended at 19722.29, up 30.62 points or 0.16%. The 30 share index touched a high and a low of
19831.79 and 19652.69 respectively. 15 stocks advanced against 15 declining ones on the benchmark index.
The CNX Nifty gained 14.95 points or 0.25% to settle at 5995.40. The index touched high and low of 6026.20 and
5970.05 respectively. 33 stocks advanced against 17 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 6462.31 and gained 0.27% while S&P BSE Small-cap index jumped up by
0.04% to 6116.67.
The broader S&P BSE 500 index increased to 7476.38 (up 0.24%) and CNX 500 index rose to 4702.50 (up 0.27%).
The volatility as denoted by INDIA VIX lost 1.94% at 17.17 from its previous close of 17.51 on Monday.
Sectors in action
On the BSE Sectorial front, Healthcare (up 0.67%), Power (up 0.40%) and Oil & Gas (up 0.33%) were the top gainers.
Consumer Durables (down 1.16%), Real Estate (down 0.38%) and Automobile (down 0.20%) were the top losers.
The Angels and the Devils
Sun Pharmaceutical Industries Ltd (up 2.03%), Bharti Airtel Ltd (up 1.78%), Oil and Natural Gas Corporation Ltd (up

2. Sun Pharmaceutical Industries Ltd (up 2.03%), Bharti Airtel Ltd (up 1.78%), Oil and Natural Gas Corporation Ltd (up
1.78%), GAIL (India) Ltd (up 1.57%) and Tata Motors Ltd (up 0.96%) were the top gainers on the Sensex.
Dr. Reddys Laboratories Ltd (down 2.66%), Bajaj Auto Ltd (down 1.87%), Coal India Ltd (down 0.69%), Mahindra and
Mahindra Ltd (down 0.67%) and Bharat Heavy Electricals Ltd (down 0.66%) were the top losers on the Sensex.
Benchmark Drivers
Oil and Natural Gas Corporation Ltd (11.61 points), Reliance Industries Ltd (-11.22 points), Housing Development
Finance Corporation Ltd (9.93 points), Sun Pharmaceutical Industries Ltd (9.44 points) and HDFC Bank (-8.83 points)
were the major Sensex drivers today.
On the other end Housing Development Finance Corporation Ltd (3.23 points), Oil and Natural Gas Corporation Ltd
(3.03 points), Reliance Industries Ltd (-2.59 points), Sun Pharmaceutical Industries Ltd (2.46 points) and Bharti Airtel
Ltd (2.19 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5997 for next session. The next support is at 5968 and on upside it has a resistance at
6024 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
15-May-2013 5912 5941 5968 5997 6024 6053 6081 -
14-May-2013 5802 5887 5934 6019 6066 6151 6198 5995.40
13-May-2013 6059 6072 6089 6102 6120 6132 6150 5980.45
S&P BSE Sensex has a pivot at 19736 with first level of support and resistance at 19639 and 19818 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
15-May-2013 19460 19556 19639 19736 19818 19915 19998 -
14-May-2013 19095 19381 19536 19823 19978 20264 20420 19722.29
13-May-2013 19978 20016 20069 20108 20161 20200 20253 19691.67
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