Sensex sheds a ton despite positive global cues

1. Sensex sheds a ton despite positive global cues
Market Summary
18-Jun-2013
Despite positive global cues, Indian indices started flat and soon plunged below the previous close. After trading
choppy throughout the day, markets ended in red zone with Sensex shedding over a ton. On sectorial front, Capital
Goods was the top laggard on BSE followed by Banking index.
Globally, US markets edged higher ahead of Fed meeting today. Asian and European indices traded in positive
territory.
Back home, shares of Telecom major Reliance communications spiked 11.14% on BSE as the Telecom Regulatory
Authority of India (TRAI) announced reduction in the national mobile phone roaming charges.
VA Tech Wabag soared 3.38% on BSE on receiving an order worth Rs 262 crore in Nepal. (News)
Pharma major, Ranbaxy tumbled 3.56% on BSE as the company is having a hearing in Supreme Court on June 24
regarding public interest litigation which will seek directions to cancel the manufacturing license issued to Ranbaxy and
prosecute its directors for allegedly selling adulterated medicines.
Venus Remedies surged 2.74% on BSE on receiving a patent from Mexico for its antibiotic Potentox.
Shasun pharma tanked 6.49% to hit fresh 52 week low at Rs 55.50 on BSE after the company’s Pondicherry’s
operation was disrupted due to strike by workers.
JM Financial climbed 6.28% after the company’s shareholders approved the issue of convertible warrants to Vikarm
Pandit and Hari Aiyar on preferential basis.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1192 and 1188 respectively,
while 155 scrips remained unmoved.
The S&P BSE Sensex ended at 19223.28, down 102.59 points or 0.53%. The 30 share index touched a high and a
low of 19383.61 and 19191.37 respectively. 10 stocks advanced against 20 declining ones on the benchmark index.
The CNX Nifty lost 36.45 points or 0.62% to settle at 5813.60. The index touched high and low of 5863.40 and
5804.30 respectively. 14 stocks advanced against 35 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 6203.09 and gained 0.03% while S&P BSE Small-cap index jumped up by
0.25% to 5809.53.
The broader S&P BSE 500 index decreased to 7219.21 (down 0.33%) and CNX 500 index declined to 4540.70 (down
0.37%).
The volatility as denoted by INDIA VIX gained 0.61% at 18.29 from its previous close of 18.18 on Monday.
Sectors in action
On the BSE Sectorial front, Metals (up 0.75%), Information Technology (up 0.57%) and Healthcare (up 0.05%) were
the top gainers.
Banks (down 1.20%), Consumer Durables (down 1.09%) and Capital Goods (down 0.86%) were the top losers.
The Angels and the Devils
Tata Steel Ltd (up 2.89%), Bajaj Auto Ltd (up 1.81%), Tata Power Company Ltd (up 1.15%), Infosys Ltd (up 1.08%)
and Hero MotoCorp Ltd (up 1.02%) were the top gainers on the Sensex.
NTPC Ltd (down 2.20%), Bharti Airtel Ltd (down 1.67%), GAIL (India) Ltd (down 1.59%), HDFC Bank (down 1.48%)
and Oil and Natural Gas Corporation Ltd (down 1.47%) were the top losers on the Sensex.

2. Benchmark Drivers
HDFC Bank (-22.43 points), Housing Development Finance Corporation Ltd (-18.47 points), Infosys Ltd (15.19 points),
ICICI Bank (-14.35 points) and ITC Ltd (-11.52 points) were the major Sensex drivers today.
On the other end HDFC Bank (-5.65 points), Housing Development Finance Corporation Ltd (-4.57 points), ICICI Bank
(-3.63 points), Infosys Ltd (3.51 points) and Larsen And Toubro Ltd (-2.88 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5827 for next session. The next support is at 5791 and on upside it has a resistance at
5850 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
19-Jun-2013 5732 5768 5791 5827 5850 5886 5909 -
18-Jun-2013 5711 5740 5795 5825 5880 5910 5965 5813.60
17-Jun-2013 5679 5709 5759 5789 5839 5869 5919 5850.05
S&P BSE Sensex has a pivot at 19266 with first level of support and resistance at 19149 and 19341 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
19-Jun-2013 18956 19074 19149 19266 19341 19458 19533 -
18-Jun-2013 18899 18992 19159 19252 19419 19511 19678 19223.28
17-Jun-2013 18751 18852 19012 19113 19273 19374 19534 19325.87
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