1. Sensex tumbles 150 points as Fed scales down stimulus
Market Snapshot | 19-12-2013 04:20 PM
After yesterday’s rally on RBI's surprise status quo on key rates, Indian equity indices started in green but soon
plunged in red over US Federal Reserve's decision to taper down its monthly bond purchase program. Pessimistic
sentiments persisted as Rupee stretched downfall against USD. Lack of optimistic triggers led both barometer gauges
end in negative terrain. Among BSE sectorials, Bankex topped the laggards by plummeting 2.4%.
On global front, US indices edged higher as Fed announced scaling back of stimulus at a modest rate. The U.S central
bank will cut its monthly asset purchases by $10 billion from $75 billion. The reduction will equally split between
mortgage-backed securities and Treasury bonds. Asian and European indices too gained straddling gains in US
market.
Back home, IT index had hit a record high of 8974.15 on BSE on the hopes of rise in demand from overseas clients
after Fed announced tapering of the asset purchase program. HCL Technologies (up 3.04%) and Infosys (up 1.64%)
had hit their record highs at Rs 1257 and Rs 3540 respectively on BSE. Tech Mahindra, Hexaware Technologies,
Mphasis, Mindtree and Wipro rallied 1.4% to 3.7% on BSE.
Strides Arcolab tanked 57.87% and touched new 52 week low at Rs 354.85 on BSE after turning ex-dividend today.
The company declared a special dividend of Rs 500 per share on December 10, 2013.
Pharmaceutical bellwether, Wockhardt soared 9.6% on BSE as the company’s Swiss arm will be listed on the Berne
Stock Exchange in Switzerland w.e.f. from today.
Maruti Suzuki rallied 3% and touched new yearly high at Rs 1796.45 on BSE as according to reports Suzuki Motor
Corporation is planning to hike its stake in in the company. At present, Suzuki Motor owns 56.20% stake in the
company. (Read More)
Hindalco gained 1% on BSE as the company’s arm Novelis Inc is planning to expand aluminum automotive grade
production capacity in US, Germany and will invest $205 million for the same. (Read More)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1160 and 1312
respectively, while 166 scrips remained unmoved.
The S&P BSE Sensex ended at 20708.62, down 151.24 points or 0.73%. The 30 share index touched a high and a
low of 21017.45 and 20646.03 respectively. 11 stocks advanced against 19 declining ones on the benchmark index.
The CNX Nifty lost 50.50 points or 0.81% to settle at 6166.65. The index touched high and low of 6263.75 and
6150.70 respectively. 13 stocks advanced against 37 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved down to 6391.62 and lost 0.20% while S&P BSE Small-cap index hammered
down by 0.12% to 6212.29.
The broader S&P BSE 500 index decreased to 7618.61 (down 0.57%) and CNX 500 index declined to 4780.60 (down
0.60%).
The volatility as denoted by INDIA VIX lost 5.47% at 16.58 from its previous close of 17.54 on Wednesday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 1.74%), Healthcare (up 1.09%) and Metals (up 0.22%) were
the top gainers.
Banks (down 2.43%), Capital Goods (down 1.91%) and Oil & Gas (down 1.23%) were the top losers.
The Angels and the Devils
Maruti Suzuki India Ltd (up 2.97%), Sesa Sterlite Ltd (up 1.79%), Sun Pharmaceutical Industries Ltd (up 1.69%), Cipla
Ltd (up 1.65%) and Infosys Ltd (up 1.64%) were the top gainers on the Sensex.
ICICI Bank (down 3.02%), Larsen And Toubro Ltd (down 2.96%), Housing Development Finance Corporation Ltd

2. ICICI Bank (down 3.02%), Larsen And Toubro Ltd (down 2.96%), Housing Development Finance Corporation Ltd
(down 2.76%), Oil and Natural Gas Corporation Ltd (down 2.63%) and HDFC Bank (down 2.16%) were the top losers
on the Sensex.
Benchmark Drivers
ICICI Bank (-45.09 points), Housing Development Finance Corporation Ltd (-38.43 points), Infosys Ltd (32.63 points),
HDFC Bank (-32.62 points) and Larsen And Toubro Ltd (-31.79 points) were the major Sensex drivers today.
On the other end ICICI Bank (-10.81 points), Housing Development Finance Corporation Ltd (-9.44 points), Infosys Ltd
(7.76 points), Larsen And Toubro Ltd (-7.67 points) and HDFC Bank (-7.60 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 6124 and on upside it has a resistance at
6237 levels.
CNX Nifty
Eff. Date
20-Dec-2013
19-Dec-2013
18-Dec-2013
S3
6011
6047
6060
S2
6081
6088
6097
S1
6124
6153
6118
PIVOT
6194
6194
6154
R1
6237
6259
6175
R2
6307
6300
6212
R3
6350
6365
6233
Actual Close
6166.65
6217.15
S&P BSE Sensex has a pivot at 20791 with first level of support and resistance at 20564 and 20935 respectively.
S&P BSE Sensex
Eff. Date
20-Dec-2013
19-Dec-2013
18-Dec-2013
S3
20193
20298
20354
Follow us on
S2
20419
20433
20475
S1
20564
20647
20543
PIVOT
20791
20782
20664
R1
20935
20995
20732
R2
21162
21131
20853
R3
21307
21344
20921
Actual Close
20708.62
20859.86
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