Markets tumble 2% on Fed taper worries; Sensex sinks 400+ points

1. Markets tumble 2% on Fed taper worries; Sensex sinks 400+ points
Market Snapshot | 21-11-2013 04:20 PM
Indian indices stretched yesterday’s fall with gap down start as global markets traded lower, weighing down the
sentiments of the local bourses. Markets tanked further to end near day’s low levels. Both frontline gauges slumped
near 2% with Nifty closing at 5999. Among BSE sectorials, Bankex topped the laggards followed by Capital Goods.
On global front, US indices plunged as minutes of Federal Reserve October monetary meeting indicated a slow down
in its bond buying program. Following a weak lead from US markets, Asian and European indices also tumbled in red
zone.
Back home, Bombay Dyeing ended marginally in green after the Bombay High Court's allowed the Wadia group
controlled company to handover land to local authorities in Mumbai, at a single location, instead of two different
locations.
Jet Airways have transferred 24% equity stake to Etihad Airways for Rs 2069 Crore. The stock ended marginally down
due to negative sentiments in the market. (Read More)
SKS Microfinance shined 1.5% on BSE as the company has been classified as NBFC-MFI by the Reserve Bank of
India (RBI) based on the company’s application on January 31, 2013 and subsequent correspondences. (Read More)
Future Retail tanked 8% on BSE as the stock will be removed by National Stock Exchange (NSE) from future and
options (F&O) contract from January 31, 2014 onwards.
The market breadth on the BSE closed in negative. Advancing and declining stocks were 971 and 1578 respectively,
while 144 scrips remained unmoved.
The S&P BSE Sensex ended at 20229.05, down 406.08 points or 1.97%. The 30 share index touched a high and a
low of 20579.26 and 20189.23 respectively. 0 stocks advanced against 30 declining ones on the benchmark index.
The CNX Nifty lost 123.85 points or 2.02% to settle at 5999.05. The index touched high and low of 6097.35 and
5985.40 respectively. 0 stocks advanced against 50 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved down to 6162.01 and lost 1.18% while S&P BSE Small-cap index hammered
down by 0.91% to 5991.20.
The broader S&P BSE 500 index decreased to 7387.92 (down 1.88%) and CNX 500 index declined to 4631.85 (down
1.87%).
The volatility as denoted by INDIA VIX gained 1.49% at 21.14 from its previous close of 20.83 on Wednesday.
Sectors in action
Banks (down 2.49%), Capital Goods (down 2.37%) and Real Estate (down 2.29%) were the top losers. There were no
gainers.
The Angels and the Devils
Sesa Sterlite Ltd (down 3.91%), Housing Development Finance Corporation Ltd (down 3.61%), Larsen And Toubro Ltd
(down 2.86%), Bharat Heavy Electricals Ltd (down 2.70%) and NTPC Ltd (down 2.63%) were the top losers on the
Sensex. There were no gainers.
Benchmark Drivers
ITC Ltd (-53.84 points), Housing Development Finance Corporation Ltd (-50.48 points), Reliance Industries Ltd (-32.02
points), Infosys Ltd (-31.44 points) and ICICI Bank (-29.92 points) were the major Sensex drivers today.
On the other end ITC Ltd (-12.54 points), Housing Development Finance Corporation Ltd (-11.18 points), Infosys Ltd (8.19 points), Reliance Industries Ltd (-7.68 points) and Larsen And Toubro Ltd (-6.86 points) were the major Nifty

2. 8.19 points), Reliance Industries Ltd (-7.68 points) and Larsen And Toubro Ltd (-6.86 points) were the major Nifty
movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6027 for next session. The next support is at 5957 and on upside it has a resistance at
6069 levels.
CNX Nifty
Eff. Date
22-Nov-2013
21-Nov-2013
20-Nov-2013
S3
5845
5988
6153
S2
5915
6047
6166
S1
5957
6085
6185
PIVOT
6027
6145
6199
R1
6069
6183
6217
R2
6139
6242
6231
R3
6181
6280
6249
Actual Close
5999.05
6122.90
S&P BSE Sensex has a pivot at 20333 with first level of support and resistance at 20086 and 20476 respectively.
S&P BSE Sensex
Eff. Date
22-Nov-2013
21-Nov-2013
20-Nov-2013
S3
19696
20196
20729
Follow us on
S2
19942
20388
20779
S1
20086
20512
20835
PIVOT
20333
20703
20885
R1
20476
20827
20941
R2
20723
21019
20990
R3
20866
21142
21046
Actual Close
20229.05
20635.13
This content is generated at www.finalaya.com and is governed by the Terms of Use.