Continuing with yesterday’s momentum, markets opened gap up with Sensex surpassing psychological 20K after two years. Gains were soon trimmed on profit taking at higher levels. The benchmarks bounced back yet again towards the later part of the session led by telecom stocks persuading Nifty to finally close above 6050. Stronger than estimates Q3 earnings from IT major TCS and leading private sector bank Axis Bank buoyed the sentiments. Additionally reports of imposition of voice tariff have triggered a strong rally in telecom stock prices.

1. Sensex tests 20K after two years on robust corporate earnings
Market Summary
15-Jan-2013
Continuing with yesterday’s momentum, markets opened gap up with Sensex surpassing psychological 20K after two
years. Gains were soon trimmed on profit taking at higher levels. The benchmarks bounced back yet again towards the
later part of the session led by telecom stocks persuading Nifty to finally close above 6050.
Stronger than estimates Q3 earnings from IT major TCS and leading private sector bank Axis Bank buoyed the
sentiments. Additionally reports of imposition of voice tariff have triggered a strong rally in telecom stock prices.
Yes Bank has touched fresh 52 week high today at Rs. 532.65 and closed 4.05% up on BSE. The Bank is reportedly
in talks with Royal Bank Of Scotland to buy Indian retail assets of the group. (News)
SpiceJet closed 4.09% up on BSE as Qatar Airways might purchase stake in the company.
Key Dec Quarter Results:
IT heavyweight Tata Consultancy Services has reported 1.54% rise in Q3 Net Profit. The stock closed flat on BSE.
(Result)
Axis Bank Q3 Net increased by 22%. The stock closed 2.64% up on BSE after hitting a new 52 week high. (Featured
Result)
South Indian Bank Net Profit spurted 25% in Q3. The stock closed 2.29% on BSE. (Result)
Shalimar Paints reported rise in Q3 Net Profit by 24%. The stock closed 19.98% up on BSE. (News)
Bajaj Finance reported 33% increase in Q3 Net Profit YoY. The stock closed 0.77% up on BSE after hitting a new 52
week high. (Result)
NIIT Tech Q3 Net rises 31% yoy. Stock ends 0.51% up on BSE. (Result)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1419 and 1538
respectively, while 144 scrips remained unmoved.
The BSE Sensex ended at 19986.82, up 80.41 points or 0.40%. The 30 share index touched a high and a low of
20036.82 and 19881.78 respectively. 15 stocks advanced against 13 declining ones on the benchmark index.
The S&P CNX Nifty gained 32.55 points or 0.54% to settle at 6056.60. The index touched high and low of 6068.50
and 6018.60 respectively. 23 stocks advanced against 27 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 7262.44 and gained 0.27% while Small-cap index hammered down by 0.06% to
7504.83.
The broader BSE 500 index increased to 7763.87 (up 0.38%) and S&P CNX 500 index rose to 4858.90 (up 0.46%).
The volatility as denoted by INDIA VIX lost 0.88% at 13.58 from its previous close of 13.70 on Monday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 1.05%), Banks (up 0.72%) and FMCG (up 0.59%) were the top gainers.
Metals (down 0.30%) and Information Technology (down 0.23%) were the top losers.
The Angels and the Devils
Bharti Airtel Ltd (up 4.81%), ITC Ltd (up 1.98%), ICICI Bank (up 1.53%), Tata Power Company Ltd (up 1.51%) and
Bajaj Auto Ltd (up 1.07%) were the top gainers on the Sensex.
Coal India Ltd (down 1.54%), Sterlite Industries (India) Ltd (down 1.31%), Jindal Steel and Power Ltd (down 0.74%),

2. Coal India Ltd (down 1.54%), Sterlite Industries (India) Ltd (down 1.31%), Jindal Steel and Power Ltd (down 0.74%),
Sun Pharmaceutical Industries Ltd (down 0.66%) and Infosys Ltd (down 0.62%) were the top losers on the Sensex.
Benchmark Drivers
ITC Ltd (36.09 points), Bharti Airtel Ltd (25.07 points), ICICI Bank (24.91 points), Infosys Ltd (-10.05 points) and Tata
Motors Ltd (5.76 points) were the major Sensex drivers today.
On the other end ITC Ltd (8.69 points), Reliance Industries Ltd (-4.43 points), Bharti Airtel Ltd (4.29 points), Tata
Consultancy Services Ltd (3.96 points) and Housing Development Finance Corporation Ltd (-2.92 points) were the
major Nifty movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 6048 for next session. The next support is at 6027 and on upside it has a resistance
at 6077 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
16-Jan-2013 5977 5998 6027 6048 6077 6098 6127 -
15-Jan-2013 5904 5933 5978 6008 6053 6082 6128 6056.60
14-Jan-2013 5839 5890 5918 5968 5996 6047 6074 6024.05
Sensex has a pivot at 19968 with first level of support and resistance at 19900 and 20055 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
16-Jan-2013 19745 19813 19900 19968 20055 20124 20210 -
15-Jan-2013 19488 19588 19747 19848 20007 20108 20267 19986.82
14-Jan-2013 19356 19488 19576 19708 19796 19928 20016 19906.41
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