The Sensex lost 147 points due to fears about the U.S. fiscal cliff and ongoing concerns about Spain and Greece bailouts. Bharti Airtel shares rose as it won bids in the 2G spectrum auction. The market breadth closed negatively with more declining stocks than advancing. The BSE Sensex ended at 18471.37, down 147.50 points or 0.79% for the day.

1. Sensex loses 147 points on U.S. fiscal cliff fears; Bharti Airtel shines on
winning 2G auction
Market Summary
15-Nov-2012
Markets opened gap down on the back of weak global cues. The sentiments could not be lifted throughout the session
owing to U.S. “fiscal cliff” concerns and sustained Spain & Greece bailout worries. Sensex trimmed 0.79% of its value
at the close.
1,800-megahertz 2G spectrum auction disappointed government as it could garner only Rs 9,407 crore as against the
target of Rs. 4000 crore. (News)
On global political front, Xi Jinping on Thursday, replaced Hu Jintao as the head of both, China's ruling Communist
Party and its Central Military Commission. Xi will become the new president of China in March 2013.
Back to markets, Wockhardt reported over six-fold jump in Q2 net profit. The stock closed up by 4.59% and made
fresh 52 week high at 1784.90 on BSE. (News)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1191 and 1636
respectively, while 93 scrips remained unmoved.
The BSE Sensex ended at 18471.37, down 147.50 points or 0.79%. The 30 share index touched a high and a low of
18593.54 and 18408.69 respectively. 8 stocks advanced against 22 declining ones on the benchmark index.
The S&P CNX Nifty lost 35.95 points or 0.63% to settle at 5631.00. The index touched high and low of 5651.65 and
5603.55 respectively. 18 stocks advanced against 32 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved down to 6718.10 and lost 0.17% while Small-cap index jumped up by 0.28% to
7191.99.
The broader BSE 500 index decreased to 7196.35 (down 0.51%) and S&P CNX 500 index declined to 4497.00 (down
0.47%).
The volatility as denoted by INDIA VIX gained 4.16% at 15.53 from its previous close of 14.91 on Tuesday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 1.97%), Consumer Durables (up 1.64%) and Power (up 0.13%) were the
top gainers.
Information Technology (down 1.79%), Metals (down 1.66%) and FMCG (down 1.30%) were the top losers.
The Angels and the Devils
Bharti Airtel Limited (up 2.95%), Bharat Heavy Electricals Limited (up 1.01%), Housing Development Finance
Corporation Limited (up 0.88%), Hindustan Unilever Limited (up 0.81%) and Coal India Ltd. (up 0.59%) were the top
gainers on the Sensex.
Tata Steel Limited (down 2.66%), ITC Limited (down 2.57%), Jindal Steel and Power Limited (down 2.32%), Tata
Consultancy Services Limited (down 2.23%) and Wipro Limited (down 2.19%) were the top losers on the Sensex.
Benchmark Drivers
ITC Limited (-47.77 points), Infosys Limited (-26.08 points), Tata Consultancy Services Limited (-20.61 points), Bharti
Airtel Limited (13.21 points) and Housing Development Finance Corporation Limited (12.00 points) were the major
Sensex drivers today.
On the other end ITC Limited (-12.29 points), Infosys Limited (-6.15 points), Tata Consultancy Services Limited (-5.49
points), Housing Development Finance Corporation Limited (3.77 points) and Bharti Airtel Limited (2.91 points) were
the major Nifty movers today.

2. Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5629 for next session. The next support is at 5606 and on upside it has a resistance
at 5654 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
16-Nov-2012 5558 5581 5606 5629 5654 5677 5702 -
15-Nov-2012 5636 5653 5663 5681 5691 5708 5718 5631.00
13-Nov-2012 5607 5636 5660 5689 5713 5743 5766 5666.95
Sensex has a pivot at 18491 with first level of support and resistance at 18389 and 18574 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
16-Nov-2012 18204 18306 18389 18491 18574 18676 18759 -
15-Nov-2012 18504 18569 18603 18668 18702 18767 18801 18471.37
13-Nov-2012 18621 18654 18685 18718 18749 18782 18812 18618.87
Follow us on This content is generated at www.finalaya.com and is governed by the Terms of Use.