- The Indian stock market snapped its four-day winning streak, with the Nifty closing near 6,150 points, dragged down by losses in healthcare and consumer durables stocks. - Pharma stocks declined due to the government's new drug price control order, while Colgate-Palmolive fell after a new competitor launched toothpastes in India. - The BSE Sensex ended down 62 points at 20,223, while the Nifty lost 30 points to close at 6,156.

1. Volatile markets snap four day winning streak; Nifty ends near 6150
Market Summary
20-May-2013
Following a gap up opening on firm global cues, the benchmarks dived in late afternoon session dragged by
healthcare and consumer durables sector and closed in red zone with Nifty coming back to 6150 levels.
On global front, Nikkei jumped to hit a fresh 5-1/2 year high lifted by weakness in yen and positive growth outlook of
economy. The other foreign markets were largely in positive terrain.
Back home, Gold fell further below 26K to touch an intraday low of Rs 25373 in futures June contract.
Pharma shares were under selling pressure on government's new Drug Price Control Order. Stocks of Ranbaxy
Laboratories, Lupin Ltd, Divi'd Labs and Wockhardt Ltd dipped 5.79%, 4.50%, 3.07% and 2.97% respectively.
Thomas Cook spurted 12.37% after making fresh 52 week high at Rs 65.90 on BSE as the company is reportedly
planning to sell its land assets.
ABB has denied reports of receiving any delisting proposal by a majority shareholder. The stock closed 0.48% up on
BSE. (News)
FMCG major, Colgate Palmolive India plunged 4.17% on BSE as Procter & Gamble launched its toothpastes in the
country, which could affect the sales of the company.
Key Quarterly Results
Apollo Hospitals Enterprise Ltd plunged 6.71% on BSE despite its Q4 Net rose 27.31% to Rs 75.52 crore. (Result)
Infinite Computer Solutions (India) Ltd dived 8.41% on BSE despite 127.5% jump in Q4 Net at Rs 23.91 crore.
(Result)
India Cements ended 0.97% down on BSE after posting about 60% decline in its March quarter profit to Rs 26.28
year-on-year.
T he market breadth on the BSE closed in negative. Advancing and declining stocks were 1157 and 1332
respectively, while 137 scrips remained unmoved.
The S&P BSE Sensex ended at 20223.98, down 62.14 points or 0.31%. The 30 share index touched a high and a
low of 20443.62 and 20186.66 respectively. 12 stocks advanced against 18 declining ones on the benchmark index.
The CNX Nifty lost 30.40 points or 0.49% to settle at 6156.90. The index touched high and low of 6229.45 and
6146.05 respectively. 14 stocks advanced against 35 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 6587.97 and lost 0.39% while S&P BSE Small-cap index hammered
down by 0.20% to 6186.65.
The broader S&P BSE 500 index decreased to 7662.25 (down 0.43%) and CNX 500 index declined to 4821.95 (down
0.52%).
The volatility as denoted by INDIA VIX gained 0.80% at 17.71 from its previous close of 17.57 on Friday.
Sectors in action
On the BSE Sectorial front, Automobile (up 0.82%) and Information Technology (up 0.61%) were the top gainers.
Healthcare (down 1.79%), Consumer Durables (down 1.19%) and Banks (down 0.92%) were the top losers.
The Angels and the Devils
Maruti Suzuki India Ltd (up 1.90%), Mahindra and Mahindra Ltd (up 1.83%), Bajaj Auto Ltd (up 1.70%), Tata Steel Ltd
(up 1.07%) and Coal India Ltd (up 1.06%) were the top gainers on the Sensex.

2. Bharti Airtel Ltd (down 2.42%), Oil and Natural Gas Corporation Ltd (down 2.09%), Cipla Ltd (down 1.71%), Wipro Ltd
(down 1.70%) and ICICI Bank (down 1.62%) were the top losers on the Sensex.
Benchmark Drivers
ICICI Bank (-27.39 points), Oil and Natural Gas Corporation Ltd (-14.46 points), Infosys Ltd (14.40 points), Bharti Airtel
Ltd (-12.10 points) and Housing Development Finance Corporation Ltd (-10.63 points) were the major Sensex drivers
today.
On the other end ICICI Bank (-7.15 points), Oil and Natural Gas Corporation Ltd (-4.13 points), Bharti Airtel Ltd (-3.09
points), Infosys Ltd (2.97 points) and Lupin Ltd (-2.60 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6177 for next session. The next support is at 6125 and on upside it has a resistance at
6209 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
21-May-2013 6042 6094 6125 6177 6209 6261 6292 -
20-May-2013 6102 6124 6156 6178 6209 6232 6263 6156.90
17-May-2013 6077 6103 6136 6162 6195 6221 6254 6187.30
S&P BSE Sensex has a pivot at 20285 with first level of support and resistance at 20126 and 20383 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
21-May-2013 19869 20028 20126 20285 20383 20542 20640 -
20-May-2013 20012 20083 20185 20256 20358 20430 20531 20223.98
17-May-2013 20000 20081 20164 20245 20328 20410 20493 20286.12
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