Global markets went berserk on Fed’s decision of deferring the scaling back of $85 billion stimulus program. Following an over the moon start, Indian indices stretched the euphoric ride with Sensex skyrocketing over 700 points breaching 32 month highs and Nifty breaching 6100 bastion. Sentiments got additional boost on Rupee appreciating to 61.56/USD. Heated Sensex finally settled near 20650. Among BSE sectorials, Rate sensitives witnessed huge buying with Bankex soaring 6.8% followed by Realty spiking 5.3%.

1. Sensex hits 32 month high on Fed surprize; Nifty ends above 6100
Market Summary
19-Sep-2013
Global markets went berserk on Fed’s decision of deferring the scaling back of $85 billion stimulus program. Following
an over the moon start, Indian indices stretched the euphoric ride with Sensex skyrocketing over 700 points breaching
32 month highs and Nifty breaching 6100 bastion. Sentiments got additional boost on Rupee appreciating to
61.56/USD. Heated Sensex finally settled near 20650. Among BSE sectorials, Rate sensitives witnessed huge buying
with Bankex soaring 6.8% followed by Realty spiking 5.3%.
On global front, all the indices of US, Asian and European markets celebrated the Fed move with their key benchmarks
trading comfortably in green zone.
Back home, Yes Bank was the star performer of the day, zooming 22.54% on BSE. The bank’s rating was upgraded by
leading research houses to “over-weight” and “buy” with target prices of Rs 360, Rs 400 and Rs 465.
PSU major, State Bank of India rallied 8% on BSE. The bank hiked base rate to 9.8% from 9.7% ahead of RBI
monetary policy review. The bank also hiked rates for loans under the benchmark prime lending rate, to 14.55% from
14.45%. The lending rate hikes are effective from today.
Suzlon gained 3.21% on BSE on entering into an agreement with China’s Poly Long Ma Energy (Dalian) to divest 75%
stake in its China based manufacturing subsidiary - Suzlon Energy Tianjin (SETL) for $28 million. (Read More)
Reliance Broadcast Network had shed 1.60% on BSE in the otherwise jubilant market as the board approved the
delisting proposal subject to shareholders’ approval.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1484 and 1019 respectively,
while 158 scrips remained unmoved.
The S&P BSE Sensex ended at 20646.64, up 684.48 points or 3.43%. The 30 share index touched a high and a low
of 20739.69 and 20347.30 respectively. 28 stocks advanced against 2 declining ones on the benchmark index.
The CNX Nifty gained 216.10 points or 3.66% to settle at 6115.55. The index touched high and low of 6142.50 and
6040.15 respectively. 48 stocks advanced against 1 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 5724.85 and gained 2.21% while S&P BSE Small-cap index jumped up by
1.16% to 5541.25.
The broader S&P BSE 500 index increased to 7386.42 (up 3.31%) and CNX 500 index rose to 4627.85 (up 3.34%).
The volatility as denoted by INDIA VIX lost 11.52% at 24.50 from its previous close of 27.69 on Wednesday.
Sectors in action
On the BSE Sectorial front, Banks (up 6.78%), Real Estate (up 5.34%) and Capital Goods (up 4.75%) were the top
gainers.
Information Technology (down 0.20%) was the top loser.
The Angels and the Devils
State Bank of India (up 8.07%), Tata Steel Ltd (up 6.96%), ICICI Bank (up 6.55%), Tata Power Company Ltd (up
6.48%) and Larsen And Toubro Ltd (up 6.26%) were the top gainers on the Sensex.
Wipro Ltd (down 1.87%) and Coal India Ltd (down 0.03%) were the top losers on the Sensex.
Benchmark Drivers
ICICI Bank (87.55 points), ITC Ltd (78.33 points), HDFC Bank (75.84 points), Housing Development Finance
Corporation Ltd (60.97 points) and Larsen And Toubro Ltd (51.82 points) were the major Sensex drivers today.
On the other end ICICI Bank (21.86 points), ITC Ltd (19.75 points), HDFC Bank (18.75 points), Housing Development

2. On the other end ICICI Bank (21.86 points), ITC Ltd (19.75 points), HDFC Bank (18.75 points), Housing Development
Finance Corporation Ltd (15.66 points) and Larsen And Toubro Ltd (12.84 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6099 for next session. The next support is at 6056 and on upside it has a resistance at
6159 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
20-Sep-2013 5954 5997 6056 6099 6159 6202 6261 -
19-Sep-2013 5777 5809 5854 5886 5931 5962 6008 6115.55
18-Sep-2013 5765 5785 5817 5838 5870 5891 5923 5899.45
S&P BSE Sensex has a pivot at 20578 with first level of support and resistance at 20416 and 20808 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
20-Sep-2013 20024 20185 20416 20578 20808 20970 21201 -
19-Sep-2013 19582 19679 19821 19917 20059 20155 20297 20646.64
18-Sep-2013 19503 19569 19687 19753 19870 19937 20054 19962.16
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