Late rally lifts Sensex by 135 points; ONGC rallies 4%

1. Late rally lifts Sensex by 135 points; ONGC rallies 4%
Market Summary
19-Feb-2013
Following a flat opening in absence of any clues from domestic and global markets, Indian equity benchmarks traded in
a small range around yesterday’s closing mark through most of the session. Late rally post buoyant European opening
placed the Sensex comfortably above 19600 mark. Nifty also gained 0.7% to close at 5940. It was a broad-based rally
as all the indices (except volatility benchmark India VIX) closed in green. CNX Realty index topped the charts with
2.11% gains.
The IT giant, Infosys Ltd will become the first Indian company to trade on NYX London and Paris markets from
February 20, 2013. This listing will provide opportunities to UK, French and other European investors to directly
access Infosys ADS. The Infosys stock gained 1.53% on BSE. (News)
DLF is reportedly aiming to reduce its debt to Rs 11,000 crore in 3 years by way of fresh issue of equity shares, sale of
non-core assets and improved cash flows. The total debt for the company stands at Rs 21,350 crore at the end of dec
quarter (DQ2012). At Rs 270, the stock was up 3.27% on BSE today. (News)
To contain the financial burden resulting from supply of subsidized sugar, Agriculture Ministry has favoured the Food
Ministry's Cabinet proposal to raise excise duty on sugar. The move will enable the govt to offset its financial burden,
in case center decides to buy the sugar from open market. The stocks of sugar companies were mostly among
gainers. (News)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1734 and 1155 respectively,
while 146 scrips remained unmoved.
The BSE Sensex ended at 19635.72, up 134.64 points or 0.69%. The 30 share index touched a high and a low of
19671.17 and 19457.21 respectively. 22 stocks advanced against 8 declining ones on the benchmark index.
The S&P CNX Nifty gained 41.50 points or 0.70% to settle at 5939.70. The index touched high and low of 5947.55
and 5883.15 respectively. 41 stocks advanced against 9 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 6729.07 and gained 1.12% while Small-cap index jumped up by 0.94% to
6649.73.
The broader BSE 500 index increased to 7503.39 (up 0.88%) and S&P CNX 500 index rose to 4697.10 (up 0.80%).
The volatility as denoted by INDIA VIX lost 2.95% at 15.81 from its previous close of 16.29 on Monday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 1.90%), Information Technology (up 1.66%) and Healthcare (up 1.38%)
were the top gainers.
There was no loser among sectorial indices.
The Angels and the Devils
Oil and Natural Gas Corporation Ltd (up 4.03%), Bajaj Auto Ltd (up 2.36%), Maruti Suzuki India Ltd (up 2.19%), Bharat
Heavy Electricals Ltd (up 2.00%) and Cipla Ltd (up 1.96%) were the top gainers on the Sensex.
Bharti Airtel Ltd (down 1.94%), GAIL (India) Ltd (down 1.37%), Hero MotoCorp Ltd (down 1.37%), Coal India Ltd (down
1.35%) and Jindal Steel and Power Ltd (down 0.79%) were the top losers on the Sensex.
Benchmark Drivers
Oil and Natural Gas Corporation Ltd (26.06 points), Infosys Ltd (24.66 points), ICICI Bank (13.18 points), Tata
Consultancy Services Ltd (12.40 points) and Bharti Airtel Ltd (-9.65 points) were the major Sensex drivers today.
On the other end Infosys Ltd (6.52 points), Oil and Natural Gas Corporation Ltd (5.67 points), ICICI Bank (3.46 points),
Tata Consultancy Services Ltd (2.98 points) and ITC Ltd (2.23 points) were the major Nifty movers today.

2. Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5923 for next session. The next support is at 5899 and on upside it has a resistance
at 5964 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
20-Feb-2013 5835 5859 5899 5923 5964 5988 6028 -
19-Feb-2013 5848 5863 5881 5896 5913 5928 5946 5939.70
18-Feb-2013 5815 5834 5861 5880 5907 5926 5953 5898.20
Sensex has a pivot at 19588 with first level of support and resistance at 19505 and 19719 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
20-Feb-2013 19291 19374 19505 19588 19719 19802 19933 -
19-Feb-2013 19366 19415 19458 19506 19549 19598 19641 19635.72
18-Feb-2013 19265 19323 19396 19454 19527 19585 19658 19501.08
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