On the last day of the week markets opened gap down and continued to trade in red. Negative European opening has accentuated the negative sentiments that ultimately led both the key benchmarks to close in red with Sensex down by over a century of points and Nifty tanking by 0.60%. ITC and Ambuja Cements were the top two Nifty gainers on the back of their strong September Quarter (SQ) results.

1. Markets plunge 0.6%...ITC hits another all time high
Market Summary
19-Oct-2012
On the last day of the week markets opened gap down and continued to trade in red. Negative European opening has
accentuated the negative sentiments that ultimately led both the key benchmarks to close in red with Sensex down by
over a century of points and Nifty tanking by 0.60%. ITC and Ambuja Cements were the top two Nifty gainers on the
back of their strong September Quarter (SQ) results.
Indian Rupee declined about 1.8% in a couple of days against USD as per RBI ref rates. As against 52.75 on 17th Sep
the US Dollar rate on 19th Oct was 53.72/USD.
Key SQ Results
ITC Limited: For the period while the Net Sales increased by 18.76%, Net Profit grown by 21.27% and thereby NPM
improved to 25.41% as compared to 24.89% on y-o-y basis. The stock ended 2.09% up on BSE today and hit a new
52 week high. (Result)
Ambuja Cements Limited: For the period while the Net Sales increased by 18.62%, Net Profit grown by 77.26% and
thereby NPM improved to 13.97% as compared to 9.35% on y-o-y basis. The stock ended 1.40% up on BSE today.
(Featured Result)
Exide Industries Ltd.: For the period while the Net Sales increased by 29.36%, Net Profit grown by 135.01% and
thereby NPM improved to 7.90% as compared to 4.35% on y-o-y basis. The stock has made a new 52 week high
today at 166.30 (BSE) before plunging 8.82% down. (Result)
Zee News: The company’s net profit for the quarter zoomed by 290.69% at Rs 7.97 crore as compared to Rs 2.04
crore for the same quarter in the previous year. The stock ended 0.86% up on BSE today. (News)
Petronet LNG Limited: For the period while the Net Sales increased by 40.65%, Net Profit grown by 20.92% and
thereby NPM reduced to 4.17% as compared to 4.85% on y-o-y basis. The stock ended 0.96% up on BSE today.
(Result)
Hindustan Zinc Limited: For the period while the Net Sales increased by 8.67%, Net Profit grown by 14.51% and
thereby NPM improved to 53.74% as compared to 51.00% on y-o-y basis. The stock ended 0.41% down on BSE
today. (Result)
Adani Ports and Special Economic Zone Limited: For the period while the Net Sales increased by 23.32%, Net Profit
grown by 57.11% and thereby NPM improved to 56.21% as compared to 44.12% on y-o-y basis. The stock ended
0.32 % up on BSE today. (Result)
Praj Industries Limited: On standalone basis, the company has posted a fall of 22.06% in its net profit at Rs 16.00
crore for the quarter ended September 30, 2012 as compared to Rs 20.53 crore for the same quarter in the previous
year. The stock ended 3.33% down on BSE today. (News)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1267 and 1573
respectively, while 137 scrips remained unmoved.
The BSE Sensex ended at 18682.31, down 109.62 points or 0.58%. The 30 share index touched a high and a low of
18769.59 and 18611.76 respectively. 6 stocks advanced against 24 declining ones on the benchmark index.
The S&P CNX Nifty lost 34.45 points or 0.60% to settle at 5684.25. The index touched high and low of 5711.70 and
5660.00 respectively. 10 stocks advanced against 40 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved down to 6671.62 and lost 0.52% while Small-cap index hammered down by 0.34% to
7169.75.
The broader BSE 500 index decreased to 7214.02 (down 0.60%) and S&P CNX 500 index declined to 4509.45 (down
0.57%).
The volatility as denoted by INDIA VIX lost 1.49% at 14.54 from its previous close of 14.76 on Thursday.

2. Sectors in action
On the BSE Sectorial front, FMCG (up 0.84%) and Consumer Durables (up 0.43%) were the top gainers.
Power (down 1.44%), Metals (down 1.32%) and Capital Goods (down 1.09%) were the top losers.
The Angels and the Devils
ITC Limited (up 2.09%), Hero MotoCorp Ltd. (up 0.54%), Dr. Reddys Laboratories Ltd. (up 0.43%), Bharti Airtel Limited
(up 0.34%) and Infosys Limited (up 0.32%) were the top gainers on the Sensex.
Hindalco Industries Ltd. (down 2.54%), Jindal Steel and Power Limited (down 2.53%), GAIL (India) Limited (down
2.31%), Bharat Heavy Electricals Limited (down 2.02%) and Tata Power Company Limited (down 1.82%) were the top
losers on the Sensex.
Benchmark Drivers
ITC Limited (39.92 points), Reliance Industries Limited (-16.45 points), HDFC Bank (-15.85 points), Housing
Development Finance Corporation Limited (-15.48 points) and Larsen And Toubro Limited (-12.80 points) were the
major Sensex drivers today.
On the other end ITC Limited (9.73 points), Reliance Industries Limited (-4.55 points), HDFC Bank (-4.36 points),
Housing Development Finance Corporation Limited (-3.66 points) and Larsen And Toubro Limited (-3.15 points) were
the major Nifty movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5685 for next session. The next support is at 5659 and on upside it has a resistance
at 5711 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
22-Oct-2012 5607 5634 5659 5685 5711 5737 5762 -
19-Oct-2012 5600 5625 5672 5697 5744 5769 5816 5684.25
18-Oct-2012 5584 5609 5635 5660 5685 5710 5736 5718.70
Sensex has a pivot at 18688 with first level of support and resistance at 18606 and 18764 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
22-Oct-2012 18448 18530 18606 18688 18764 18846 18922 -
19-Oct-2012 18413 18495 18643 18725 18874 18955 19104 18682.31
18-Oct-2012 18359 18447 18529 18617 18699 18787 18869 18791.93
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