1. Sensex zooms 248 points on RBI status quo; Parliament passes Lokpal bill
Market Snapshot | 18-12-2013 04:20 PM
Following a flat start, Indian equity indices edged higher ahead of RBI monetary policy review and firm trades in global
markets. Markets spurted in late morning deals with Nifty surpassing 6200 mark after Reserve Bank of India (RBI)
decided to keep repo rates unchanged. Euphoric benchmarks soared 1.2% and ended near days high snapping sixday losing streak. Among BSE sectorials, Realty was the star performer, rallying 3.5%.
On global front, US and Asian indices traded mostly in green ahead of Fed outcome. All the European indices were
trading in positive terrain.
Back home, Indian parliament finally passed the amended Lokpal Bill with the backing of all political parties except
Samajwadi Party. The bill promises to punish the corrupt public servants including Prime Minister. The social activist
Anna Hazare broke his 9-day fast following the passage of Lokpal bill in Lok Sabha today. The bill was already passed
in the Rajya Sabha yesterday. (Read More)
The Reserve Bank of India (RBI) in its December mid-quarter monetary policy review, surprised D- Street by
maintaining a status quo on its key policy rates. The apex bank kept the repo rates and CRR unchanged at 7.75% and
4% respectively. The central bank has also kept MSF rate unchanged at 8.75. The central bank indicated to act even
on off policy dates if inflation stubbornly maintains high levels. (Read More)
Biocon rallied 11.4% and hit fresh 52 week high at Rs 450.9 on BSE as the company has entered into Licensing &
Collaboration agreement with Quark Pharmaceuticals, Inc. for the development of a range of siRNA (small interfering
RNA) based novel therapeutics. (Read More)
Multi Commodity Exchange (MCX) soared 8.3% on BSE after Forward Markets Commission (FMC) nodded Blackstone
GPV Capital partners (Mauritius) VI FII to hike its stake in the company up to 4.99% through secondary market
transaction. (Read More)
Trent Ltd climbed 10.75% on BSE on the reports of Tesco Plc, UK’s largest retailer, to acquire 50% stake in the
company for $110 million. (Read More)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1539 and 984 respectively,
while 187 scrips remained unmoved.
The S&P BSE Sensex ended at 20859.86, up 247.72 points or 1.20%. The 30 share index touched a high and a low
of 20917.57 and 20568.70 respectively. 27 stocks advanced against 3 declining ones on the benchmark index.
The CNX Nifty gained 78.10 points or 1.27% to settle at 6217.15. The index touched high and low of 6236.00 and
6129.95 respectively. 45 stocks advanced against 5 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved up to 6404.17 and gained 1.35% while S&P BSE Small-cap index jumped up by
1.13% to 6220.03.
The broader S&P BSE 500 index increased to 7661.91 (up 1.28%) and CNX 500 index rose to 4809.65 (up 1.29%).
The volatility as denoted by INDIA VIX lost 4.31% at 17.54 from its previous close of 18.33 on Tuesday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 3.51%), Capital Goods (up 2.61%) and Oil & Gas (up 2.15%) were the top
gainers. There was no loser among BSE sectorials.
The Angels and the Devils
Bharat Heavy Electricals Ltd (up 5.70%), Tata Power Company Ltd (up 4.04%), Bajaj Auto Ltd (up 3.87%), Hero
MotoCorp Ltd (up 3.14%) and Larsen And Toubro Ltd (up 2.83%) were the top gainers on the Sensex.
Jindal Steel and Power Ltd (down 1.55%), Sesa Sterlite Ltd (down 0.74%) and ICICI Bank (down 0.13%) were the top
losers on the Sensex.

2. Benchmark Drivers
Reliance Industries Ltd (41.30 points), Housing Development Finance Corporation Ltd (35.20 points), Larsen And
Toubro Ltd (29.58 points), HDFC Bank (20.32 points) and State Bank of India (16.69 points) were the major Sensex
drivers today.
On the other end Reliance Industries Ltd (10.69 points), Housing Development Finance Corporation Ltd (8.50 points),
Larsen And Toubro Ltd (6.81 points), HDFC Bank (4.80 points) and State Bank of India (4.03 points) were the major
Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6194 for next session. The next support is at 6153 and on upside it has a resistance at
6259 levels.
CNX Nifty
Eff. Date
19-Dec-2013
18-Dec-2013
17-Dec-2013
S3
6047
6060
6102
S2
6088
6097
6124
S1
6153
6118
6139
PIVOT
6194
6154
6161
R1
6259
6175
6177
R2
6300
6212
6199
R3
6365
6233
6214
Actual Close
6217.15
6139.05
S&P BSE Sensex has a pivot at 20782 with first level of support and resistance at 20647 and 20995 respectively.
S&P BSE Sensex
Eff. Date
19-Dec-2013
18-Dec-2013
17-Dec-2013
S3
20298
20354
20483
Follow us on
S2
20433
20475
20561
S1
20647
20543
20610
PIVOT
20782
20664
20687
R1
20995
20732
20737
R2
21131
20853
20814
R3
21344
20921
20864
Actual Close
20859.86
20612.14
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