1. Sensex crashes 769 points on domestic cues; Rupee hits an all time low
Market Summary
16-Aug-2013
Post 67th Independence Day, Indian Indices slaughtered brutally by domestic cues including Rupee hitting fresh record
low. Benchmarks witnessed the biggest bloodbath in four years. Sentiments further dampened by new restrictions on
foreign exchange outflows and gold imports imposed by Government which had set Gold and Silver prices on fire. Both
frontline gauges cracked nearly 4% on close. Sensex tumbled 750 points and Nifty fell double ton to 5507 at close.
Among BSE sectorial indices, Consumer Durables was the top laggard followed by Realty.
On global front, US markets plummeted on worries of Fed scaling back its stimulus due to positive economic data.
Following the trend, Asian and European indices also traded in negative zone.
Back home, to check capital outflows and restraint domestic currency, Central Bank has imposed restrictions on
overseas investments by Indian companies and individuals. RBI has reduced the limit for Overseas Direct Investment
(ODI) under automatic route from 400% of the net worth of an Indian Party to 100% for all fresh ODI transactions.
(Read More)
Another major move on macro level RBI has banned on imports of gold coins and medallions. This was the third
change in Gold import norms within a span of two months. Shares of jewelry makers Titan Industries, PC Jeweler,
Rajesh Exports, Shree Ganesh Jewelry House and Tribhovandas Bhimji Zaveri (TBZ) tanked 11.98%, 7.21%, 4.67%,
5.79% and 7.64% respectively on BSE.
Rupee had hit fresh record low at the level of Rs 62/USD in spot trades. In future trades, INR has touched a low of Rs
62.18/USD.
Axis Bank tanked 8.23% on BSE on exclusion from MSCI (Morgan Stanley Composite Index) w.e.f. September 2, 2013.
Mahindra and Mahindra Financial Services will be included in the same index w.e.f. August 30, 2013. The stock closed
0.06% down on BSE. (What’s Hot)
Automobile major, HeroMoto Corp spiked 2.40% and made fresh 52 week high at Rs 2004.70 on BSE on increased
weightage in Morgan Stanley Composite Index (MSCI). The stock was the only gainer on Sensex.
Escorts Ltd hit fresh two year high at Rs 95.50 in otherwise negative market on Rakesh Jhunjhunwala’s buying 621789
equity shares of the company.
Pharmaceutical major, Wockhardt was locked by 5% upper circuit continuing its upward journey for the fourth
consecutive session after company’s promoter Khorakiwala Holdings & Investments released pledge on its 63.62% or
6.97 crore equity shares. Now only 4.4 lakh shares or 0.4% equity of Habil F Khorakiwala is pledged.
Key Quarterly Results
United Breweries reported 22.63% jump in Q1FY14 Net at Rs 120.96 crore as compared to Rs 98.64 crore for the
same quarter in the previous year. The stock closed 4.86% down on BSE. (Featured Result)
State owned, MMTC dropped 4.97% on BSE after posting steep fall of 50.08% in Q1 Net at Rs 6.02 crore as
compared to Rs 12.06 crore for the same quarter in the previous year. (Result)
Future Retail crashed 11.61% on BSE an registering a Net loss of Rs 9.46 crore for quarter ended June 30, 2013
against Net profit of Rs 261.53 crore for the corresponding period last fiscal. (Read More)
The market breadth on the BSE closed in negative. Advancing and declining stocks were 755 and 1620 respectively,
while 143 scrips remained unmoved.
The S&P BSE Sensex ended at 18598.18, down 769.41 points or 3.97%. The 30 share index touched a high and a
low of 19310.95 and 18559.65 respectively. 1 stocks advanced against 29 declining ones on the benchmark index.
The CNX Nifty lost 234.45 points or 4.08% to settle at 5507.85. The index touched high and low of 5716.60 and
5496.05 respectively. 3 stocks advanced against 47 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 5439.05 and lost 2.71% while S&P BSE Small-cap index hammered

2. The S&P BSE Mid-cap index moved down to 5439.05 and lost 2.71% while S&P BSE Small-cap index hammered
down by 2.15% to 5269.44.
The broader S&P BSE 500 index decreased to 6742.47 (down 3.80%) and CNX 500 index declined to 4224.30 (down
3.82%).
The volatility as denoted by INDIA VIX gained 26.42% at 23.64 from its previous close of 18.70 on Wednesday.
Sectors in action
Consumer Durables (down 8.38%), Real Estate (down 6.07%) and Metals (down 5.56%) were the top losers.There
was no gainer among BSE sectorials.
The Angels and the Devils
Hero MotoCorp Ltd (up 2.40%) was the top gainer on the Sensex.
Bharat Heavy Electricals Ltd (down 10.70%), Sterlite Industries (India) Ltd (down 6.65%), GAIL (India) Ltd (down
6.49%), Oil and Natural Gas Corporation Ltd (down 6.06%) and Tata Power Company Ltd (down 5.91%) were the top
losers on the Sensex.
Benchmark Drivers
ITC Ltd (-94.64 points), Reliance Industries Ltd (-83.84 points), Housing Development Finance Corporation Ltd (-79.18
points), HDFC Bank (-70.69 points) and ICICI Bank (-61.83 points) were the major Sensex drivers today.
On the other end ITC Ltd (-23.98 points), Reliance Industries Ltd (-20.41 points), HDFC Bank (-19.18 points), Housing
Development Finance Corporation Ltd (-18.96 points) and ICICI Bank (-16.39 points) were the major Nifty movers
today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5574 for next session. The next support is at 5430 and on upside it has a resistance at
5651 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
19-Aug-2013 5210 5353 5430 5574 5651 5794 5872 -
16-Aug-2013 5639 5665 5703 5729 5768 5793 5832 5507.85
14-Aug-2013 5491 5535 5617 5661 5743 5787 5869 5742.30
S&P BSE Sensex has a pivot at 18823 with first level of support and resistance at 18335 and 19086 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
19-Aug-2013 17584 18072 18335 18823 19086 19574 19838 -
16-Aug-2013 19061 19132 19250 19321 19439 19510 19628 18598.18
14-Aug-2013 18597 18731 18980 19114 19364 19498 19747 19367.59
Follow us on This content is generated at www.finalaya.com and is governed by the Terms of Use.