1. Markets end in red with Nifty below 6180
Market Summary
23-Oct-2013
Tailing a cautious start, Indian equity indices continued the southward journey and dipped in red amidst subdued
global cues. Sensex lost almost a ton and Nifty closed below 6180 levels. Among BSE sectorials, Realty was the top
laggard.
On global front, all the US, Asian and European indices traded mostly in red on weaker than expected US September
jobs report. However, the data reinforced expectations that the Federal Reserve will maintain its asset purchase
program at the current pace.
Back home, PSU major, State Bank of India, Bank of Baroda, Bank of India, Union Bank, Central Bank of India, and
Punjab National Bank rallied 1.6%-5% on BSE after Finance Minister P. Chidambaram ruled out the possibility of
Government reducing its stake in the state run banks. Earlier, Chidambaram allowed Government to dilute their stake
in the public sector banks for infusing the budgeted Rs 14000 crore of bank capitalization citing the rising number of
bad loans. (Read More)
Strides Arcolab gained 1.35% on BSE as the company’s biotech subsidiary signs research collaboration agreement
with Singapore based, Bio-Scaffold International. (Read More)
Key Quarterly Results
IT major, Wipro tanked 4.4% on BSE on profit booking by investors post Q2 earnings. The company’s consolidated
Net surged 20% at Rs 1932.10 crore against Rs 1610.60 crore in the corresponding quarter of the previous year.
(Read More)
ACC Ltd gained 1.8% on BSE despite posting 51% fall in Q3FY14 Net at Rs 120 crore as against Rs 248.6 crore in
the same quarter in the previous fiscal. (Featured Result)
Dish TV’s Net tanked 129% in Q2 at a Net loss Rs 16 crore as compared to a net profit of Rs 55.09 crore for the same
quarter in the previous year. The stock ended 0.8% up on BSE. (Result)
Exide Industries plunged 2.3% on BSE on posting 1.30% fall in Q2 Net at Rs 118.63 crore for the quarter as compared
to Rs 120.20 crore for the same quarter in the previous year. (Result)
ING Vysya Bank’s Net rose 17.35% in Q2 at Rs 176.3 crore as compared to Rs 150.2 crore for the same quarter in the
previous year. Gross non-performing assets (NPAs) have decreased to 1.72% in the July-September quarter as
against 1.90% in the same quarter previous year. The stock ended 0.9% down on BSE. (Result)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1235 and 1258
respectively, while 189 scrips remained unmoved.
The S&P BSE Sensex ended at 20767.88, down 97.09 points or 0.47%. The 30 share index touched a high and a
low of 20922.32 and 20589.72 respectively. 9 stocks advanced against 21 declining ones on the benchmark index.
The CNX Nifty lost 24.45 points or 0.39% to settle at 6178.35. The index touched high and low of 6217.95 and
6116.60 respectively. 18 stocks advanced against 32 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved down to 5986.00 and lost 0.03% while S&P BSE Small-cap index hammered
down by 0.26% to 5855.97.
The broader S&P BSE 500 index decreased to 7533.29 (down 0.32%) and CNX 500 index declined to 4723.50 (down
0.31%).
The volatility as denoted by INDIA VIX gained 1.95% at 20.35 from its previous close of 19.96 on Tuesday.
Sectors in action
On the BSE Sectorial front, Capital Goods (up 0.58%), Banks (up 0.56%) and Consumer Durables (up 0.41%) were
the top gainers.

2. Real Estate (down 1.46%), Power (down 1.28%) and Information Technology (down 0.93%) were the top losers.
The Angels and the Devils
GAIL (India) Ltd (up 3.89%), Cipla Ltd (up 2.74%), State Bank of India (up 2.35%), Larsen And Toubro Ltd (up 1.35%)
and ICICI Bank (up 1.30%) were the top gainers on the Sensex.
Wipro Ltd (down 4.41%), Sun Pharmaceutical Industries Ltd (down 2.39%), NTPC Ltd (down 2.02%), Bharat Heavy
Electricals Ltd (down 1.93%) and Bajaj Auto Ltd (down 1.72%) were the top losers on the Sensex.
Benchmark Drivers
HDFC Bank (-23.61 points), Tata Consultancy Services Ltd (-18.48 points), ICICI Bank (17.76 points), Wipro Ltd (16.37 points) and Reliance Industries Ltd (-16.11 points) were the major Sensex drivers today.
On the other end ICICI Bank (5.22 points), HDFC Bank (-4.88 points), Tata Consultancy Services Ltd (-4.80 points),
Sun Pharmaceutical Industries Ltd (-4.11 points) and Wipro Ltd (-3.99 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6171 for next session. The next support is at 6124 and on upside it has a resistance at
6225 levels.
CNX Nifty
Eff. Date
24-Oct-2013
23-Oct-2013
22-Oct-2013
S3
6023
6145
6117
S2
6070
6163
6140
S1
6124
6183
6173
PIVOT
6171
6202
6196
R1
6225
6221
6228
R2
6272
6240
6251
R3
6327
6260
6284
Actual Close
6178.35
6202.80
S&P BSE Sensex has a pivot at 20760 with first level of support and resistance at 20598 and 20930 respectively.
S&P BSE Sensex
Eff. Date
24-Oct-2013
23-Oct-2013
22-Oct-2013
S3
20265
20662
20583
Follow us on
S2
20427
20736
20676
S1
20598
20801
20785
PIVOT
20760
20875
20878
R1
20930
20939
20987
R2
21093
21013
21080
R3
21263
21078
21189
Actual Close
20767.88
20864.97
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