Rate sensitives drag markets in red; Sensex sheds 143 points

1. Rate sensitives drag markets in red; Sensex sheds 143 points
Market Summary
15-Mar-2013
Following a flat start, the markets advanced marginally in morning deals and plummeted thereafter steadily to close in
red. Sensex dived 143 points whereas Nifty plunged 30 points at the close. After having clocked smart gains
yesterday, the rate sensitives took the bashing by investors with Realty and Bankex suffering the most.
Globally, Dow Jones and S&P 500 had hit their respective record highs of 14539.29 and 1563.32 respectively. Asian
benchmarks ended mixed while European peers were trading largely in red.
Back home, National Aluminum Company ltd (NALCO) cracked 8.81% and touched fresh 52 week low at Rs 40.30 on
BSE after Government has fixed its floor price for OFS at a discounted rate of Rs 40 per share. (News)
Punj Lloyd gained 3.50% on BSE on bagging an offshore project in Saudi Arabia worth Rs 314 crore. (News)
India Bulls Financial Services Ltd (IBFSL) spurted 4.96% on BSE on reports of getting merged with India Bulls Housing
Finance Ltd.
HDFC Bank dipped 1.67% on BSE after credit rating firm Goldman Sachs recommended sell rating for the company.
Mahindra Holidays and Resorts registered 14% growth Q3’s Net at Rs 30.07 crore. The stock closed 0.45% up on
BSE. (Featured Result)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1103 and 1736
respectively, while 128 scrips remained unmoved.
The S&P BSE Sensex ended at 19427.56, down 142.88 points or 0.73%. The 30 share index touched a high and a
low of 19673.16 and 19383.13 respectively. 12 stocks advanced against 18 declining ones on the benchmark index.
The CNX Nifty lost 30.25 points or 0.51% to settle at 5872.60. The index touched high and low of 5945.65 and
5861.00 respectively. 22 stocks advanced against 27 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 6386.13 and lost 0.62% while S&P BSE Small-cap index hammered
down by 0.84% to 6179.53.
The broader S&P BSE 500 index decreased to 7347.30 (down 0.60%) and CNX 500 index declined to 4598.20 (down
0.52%).
The volatility as denoted by INDIA VIX gained 2.71% at 15.16 from its previous close of 14.76 on Thursday.
Sectors in action
On the BSE Sectorial front, Consumer Durables (up 2.49%), Information Technology (up 0.25%) and FMCG (up
0.00%) were the top gainers.
Real Estate (down 2.81%), Banks (down 1.67%) and Oil & Gas (down 1.18%) were the top losers.
The Angels and the Devils
Mahindra and Mahindra Ltd (up 1.48%), Tata Power Company Ltd (up 1.19%), Hero MotoCorp Ltd (up 0.73%), Wipro
Ltd (up 0.57%) and Hindustan Unilever Ltd (up 0.49%) were the top gainers on the Sensex.
ICICI Bank (down 3.93%), Tata Motors Ltd (down 3.27%), GAIL (India) Ltd (down 2.60%), Reliance Industries Ltd
(down 1.96%) and HDFC Bank (down 1.67%) were the top losers on the Sensex.
Benchmark Drivers
ICICI Bank (-59.84 points), Reliance Industries Ltd (-35.68 points), HDFC Bank (-24.46 points), Tata Motors Ltd (-
20.63 points) and Larsen And Toubro Ltd (-10.90 points) were the major Sensex drivers today.

2. On the other end ICICI Bank (-14.93 points), Reliance Industries Ltd (-8.76 points), HDFC Bank (-5.60 points), Tata
Motors Ltd (-5.23 points) and Larsen And Toubro Ltd (-2.31 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5893 for next session. The next support is at 5841 and on upside it has a resistance at
5925 levels.
CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
18-Mar-2013 5756 5808 5841 5893 5925 5978 6010 -
15-Mar-2013 5695 5743 5823 5872 5951 6000 6080 5872.60
14-Mar-2013 5779 5811 5831 5862 5883 5914 5934 5902.85
S&P BSE Sensex has a pivot at 19495 with first level of support and resistance at 19316 and 19606 respectively.
S&P BSE Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
18-Mar-2013 19026 19205 19316 19495 19606 19785 19896 -
15-Mar-2013 18873 19026 19298 19451 19724 19877 20149 19427.56
14-Mar-2013 19123 19231 19297 19404 19470 19578 19644 19570.44
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