Sensex skyrockets 450 points on strong Rupee

1. Sensex skyrockets 450 points on strong Rupee
Market Snapshot | 18-11-2013 04:20 PM
Following a long weekend, Indian indices stretched the bullish moves of last trading session with a gap up start riding
the optimistic trades in regional peers. Boisterous benchmarks showcased an enthusiastic performance on
strengthened Rupee against Dollar and sanguine comments by RBI Governor. Both frontline gauges ended at their
day’s high levels with Sensex zooming over 450 points. On BSE sectorial front, Capital Goods rocked the show by
surging over 3%.
Among global peers, US indices traded higher. Asian and European indices too traded in positive terrain after Chinese
Communist Party signaled for its focus on fiscal aspects.
Back home, Rupee gained for third consecutive session against Dollar on the back of strong buying in the domestic
currency after the dovish comments from Yellen of no forthcoming decision to scale back the Fed's bond buying
program. Meanwhile, domestic currency also witnessed heavy buying ahead of Rs 8000 crore bond buyback program
from RBI today. (Read More)
In an attempt to calm the fears of tight monetary policy stance, RBI governor highlighted to consider several other
factors besides inflation for the next monetary policy move. Dr. Rajan had call attention to factors like price situation,
value of rupee, economic growth etc for the next monetary policy to be reviewed in Mid-December. (Read More)
On stock specific front, Elder Pharmaceutical mounted 5.3% on BSE as reportedly French drug maker Sanofi SA is
planning to acquire the pharmaceutical company.
Ramco Systems rallied 20% on BSE on making stronger global presence for HCM products by delivering ERP on
Cloud, Tablets and Smart phones to consultants and boutique firms as business partners in North America. ( Read
More)
Financial Technologies and MCX shot 20% and 17.5% on BSE respectively lifted by strong volumes.
Key Quarterly Results
Tata Power ends marginally up as the company’s Net dived 11.5% to Rs 261.7 crore in September 2013 quarter as
compared to Rs 295.9 crore in the same quarter of the previous year. (Featured Result)
Jai Prakash Power Ventures ended marginally in green after registering a steep decline of 31% in Q2 Net at Rs 251.8
crore as against Rs 366 crore in the corresponding quarter of previous fiscal. (Result)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1459 and 1086 respectively,
while 134 scrips remained unmoved.
The S&P BSE Sensex ended at 20850.74, up 451.32 points or 2.21%. The 30 share index touched a high and a low
of 20868.76 and 20570.59 respectively. 26 stocks advanced against 4 declining ones on the benchmark index.
The CNX Nifty gained 132.85 points or 2.19% to settle at 6189.00. The index touched high and low of 6157.80 and
6110.40 respectively. 44 stocks advanced against 6 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved up to 6213.36 and gained 1.18% while S&P BSE Small-cap index jumped up by
0.96% to 6013.30.
The broader S&P BSE 500 index increased to 7587.83 (up 1.88%) and CNX 500 index rose to 4760.65 (up 1.94%).
The volatility as denoted by INDIA VIX lost 2.28% at 18.82 from its previous close of 19.26 on Thursday.
Sectors in action
On the BSE Sectorial front, Capital Goods (up 3.19%), Banks (up 3.15%) and FMCG (up 2.52%) were the top gainers.

2. The Angels and the Devils
HDFC Bank (up 4.15%), Larsen And Toubro Ltd (up 3.90%), ITC Ltd (up 3.61%), Hindalco Industries Ltd (up 3.34%)
and Oil and Natural Gas Corporation Ltd (up 3.22%) were the top gainers on the Sensex.
Sesa Sterlite Ltd (down 1.36%), Coal India Ltd (down 1.15%), Cipla Ltd (down 0.43%) and Bajaj Auto Ltd (down
0.16%) were the top losers on the Sensex.
Benchmark Drivers
ITC Ltd (73.62 points), HDFC Bank (59.65 points), Reliance Industries Ltd (46.98 points), Larsen And Toubro Ltd
(35.71 points) and Housing Development Finance Corporation Ltd (34.64 points) were the major Sensex drivers today.
On the other end ITC Ltd (18.73 points), HDFC Bank (14.76 points), Reliance Industries Ltd (11.90 points), Larsen And
Toubro Ltd (9.30 points) and Housing Development Finance Corporation Ltd (9.08 points) were the major Nifty movers
today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6165 for next session. The next support is at 6134 and on upside it has a resistance at
6220 levels.
CNX Nifty
Eff. Date
19-Nov-2013
18-Nov-2013
14-Nov-2013
S3
6048
5963
5891
S2
6079
6000
5932
S1
6134
6028
5961
PIVOT
6165
6065
6001
R1
6220
6093
6030
R2
6252
6130
6071
R3
6307
6158
6100
Actual Close
6150.70
6056.15
S&P BSE Sensex has a pivot at 20763 with first level of support and resistance at 20658 and 20956 respectively.
S&P BSE Sensex
Eff. Date
19-Nov-2013
18-Nov-2013
14-Nov-2013
S3
20360
20088
19912
Follow us on
S2
20465
20218
20037
S1
20658
20309
20115
PIVOT
20763
20439
20241
R1
20956
20530
20319
R2
21062
20660
20444
R3
21254
20750
20523
Actual Close
20850.74
20399.42
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