The Sensex slipped 0.69% ahead of an expected RBI policy announcement, with metals stocks dragging markets lower. Coal India fell 5.41% to a 52-week low on news of government plans to sell a 10% stake. Most other sectors also declined except for FMCG, consumer durables, and healthcare. Analysts remained cautious ahead of the RBI policy review the next day.

1. Sensex slips 0.69% ahead of RBI Policy; Coal India leads the floppers
Market Summary
18-Mar-2013
Following a gap down start tracking sluggish global cues, Indian Equity benchmarks stayed there through most of the
day before slightly recovering in end to close over 0.64% down. Cautiousness drove the markets ahead of key RBI
policy review tomorrow. Metals (down 2.34%) were the major culprit dragging markets the most.
Coal India Ltd plunged 5.41% and touched fresh 52 week low at Rs 300.50 on BSE as the Government plans to
offload 10% via Offer for Sale (OFS). (News)
Larsen & Toubro Ltd ended 0.13% up on BSE on plans to raise over 2,500 crore by selling 20% of stake in the
infrastructure arm of the company. (News)
Bharti Airtel fell 0.98% on BSE as the department of telecommunications (DoT) asked company to stop its 3G services
within 3 days in the seven circles for which it does not have licenses.
Despite of the negative sentiments in the market, Thomas Cook jumped 3.02% on BSE after getting nod from market
regulator SEBI for generating funds through Institutional Placement Program (IPP).
Goldman Sachs downgraded Indian Oil Corporation (IOC) to “sell” with a target price of Rs 330. The stock closed
2.24% down on BSE.
National Aluminum Company Ltd (Nalco) has hit fresh four year low at Rs 38.15 and closed 4.71% down on BSE as
Government is disappointed with the response to OFS on Friday.
SKS Microfinance spurted 3.30% on BSE on the order of Supreme Court to Andhra government for not taking tough
steps against the company.
Ashok Leyland (0.66% up) raised Rs 216.25 crores through 1% stake sell in IndusInd Bank (1.55% down). (News)
Hero Moto Corp’s February2013 sales rose 11% on year-on-year basis. The stock closed 0.18% up on BSE. (News)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1130 and 1780
respectively, while 126 scrips remained unmoved.
The S&P BSE Sensex ended at 19293.20, down 134.36 points or 0.69%. The 30 share index touched a high and a
low of 19345.42 and 19232.23 respectively. 6 stocks advanced against 24 declining ones on the benchmark index.
The CNX Nifty lost 37.35 points or 0.64% to settle at 5835.25. The index touched high and low of 5850.20 and
5814.35 respectively. 10 stocks advanced against 40 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 6367.78 and lost 0.29% while S&P BSE Small-cap index hammered
down by 0.67% to 6137.85.
The broader S&P BSE 500 index decreased to 7300.54 (down 0.64%) and CNX 500 index declined to 4572.65 (down
0.56%).
The volatility as denoted by INDIA VIX gained 4.55% at 15.85 from its previous close of 15.16 on Friday.
Sectors in action
On the BSE Sectorial front, FMCG (up 0.68%), Consumer Durables (up 0.32%) and Healthcare (up 0.30%) were the
top gainers.
Metals (down 2.34%), Automobile (down 1.44%) and Real Estate (down 1.21%) were the top losers.
The Angels and the Devils
Cipla Ltd (up 1.70%), Hindustan Unilever Ltd (up 1.20%), HDFC Bank (up 0.75%), ITC Ltd (up 0.66%) and Hero
MotoCorp Ltd (up 0.18%) were the top gainers on the Sensex.

2. Coal India Ltd (down 5.41%), Tata Power Company Ltd (down 3.43%), GAIL (India) Ltd (down 3.16%), Maruti Suzuki
India Ltd (down 2.98%) and Sterlite Industries (India) Ltd (down 2.68%) were the top losers on the Sensex.
Benchmark Drivers
Reliance Industries Ltd (-25.84 points), ICICI Bank (-22.03 points), Housing Development Finance Corporation Ltd (-
14.20 points), ITC Ltd (13.13 points) and Coal India Ltd (-13.00 points) were the major Sensex drivers today.
On the other end ICICI Bank (-5.57 points), Reliance Industries Ltd (-4.99 points), ITC Ltd (3.89 points), Coal India Ltd
(-3.35 points) and Housing Development Finance Corporation Ltd (-3.16 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5833 for next session. The next support is at 5816 and on upside it has a resistance at
5852 levels.
CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
19-Mar-2013 5780 5797 5816 5833 5852 5869 5888 -
18-Mar-2013 5756 5808 5841 5893 5925 5978 6010 5835.25
15-Mar-2013 5695 5743 5823 5872 5951 6000 6080 5872.60
S&P BSE Sensex has a pivot at 19290 with first level of support and resistance at 19235 and 19348 respectively.
S&P BSE Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
19-Mar-2013 19122 19177 19235 19290 19348 19403 19462 -
18-Mar-2013 19026 19205 19316 19495 19606 19785 19896 19293.20
15-Mar-2013 18873 19026 19298 19451 19724 19877 20149 19427.56
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