1. Sensex snaps 5 day winning streak on RBI measures; Nifty ends below 6K
Market Summary
24-Jul-2013
Snapping five day winning streak, Indian markets tanked today amid sluggish global cues. Sentiments further
dampened on RBI’s move to curb Rupee fall. Sensex as well as Nifty shed over a percent each to close the session.
Broader indices fared even worse as BSE 500 and CNX 500 lost about 1.5% each. Bankex led the fall by crashing
4.61% as RBI indirectly hiked CRR through its measures.
On global front, US markets witnessed a soft session on weak manufacturing data. Among Asian markets, Chinese
indices dipped on weak manufacturing PMI for June. European indices traded in green zone.
Back home, with an eye to save plummeting Rupee, the banking regulator has now made it even harder for lenders to
access funds by announcing measures to squeeze liquidity. RBI has raised Cash Reserve Requirement to 99%, from
70% and banks are mandated to set aside with the RBI on a fortnightly basis currently stands at 4%. Additionally, the
overall limit for access to LAF by each individual bank has been set at the repo rate of 7.25% daily. (Read More)
IT major, Tata Consultancy Services spiked 1.87% to hit fresh 52 week high at Rs 1791 on BSE as the company has
acquired French IT services company ALTI SA. (Read More)
Jaiprakash Associates dived 5.88% and made new 52 week low at Rs 46.70 on BSE after Deutsche Bank downgraded
the stock to "sell" from "hold" and cuts target price to Rs 42 from Rs 55.
IDFC sank 8.44% and made new 52 week low at Rs 117 on BSE research house Morgan Stanley downgraded the
stock to “under-weight” from “equal-weight” and lowered the target price to Rs 100 from Rs 150.
Continuing the downfall, Wockhardt crashed 20% to make fresh 52 week low at Rs 660.90 on BSE after equity
research firm Macquarie downgraded the stock to "neutral" from "outperform" and with a target price Rs 750.
Key Quarterly Results
Yes Bank reported 38.15% increase in Q1FY14 Net at Rs 400.84 crore as compared to Rs 290.14 crore for Q1FY13.
The stock tumbled 12.63% on BSE. (Featured Result)
United Phosphorus posted a rise of 10.85% in Q1 Net profit at Rs 144.23 crore as compared to Rs 130.11 crore for
the same quarter in the previous year. The stock closed 1.18% down on BSE. (Result)
Realty major, Indiabulls Real Estate plunged 3.39% on BSE after registering 42.85% steep fall in Q1 Net at Rs 51.08
crore as against Rs 89.38 crore for the corresponding quarter in the previous year. (Result)
Dabur India jumped 2.40% and made fresh 52 week high at Rs 176.40 on BSE on posting 10.06% rise in its Net profit
at Rs 130.89 crore for Q1FY14 against Rs 118.92 crore for Q1FY13. (Result)
Coromandel International declined 4.54% and hit fresh 52 week low at Rs 162.40 on BSE after posting steep fall of
88.80% in its Net profit at Rs 14.35 crore in Q1 as against Rs 128.09 crore for the same quarter in the previous year.
(Result)
The market breadth on the BSE closed in negative. Advancing and declining stocks were 788 and 1562 respectively,
while 130 scrips remained unmoved.
The S&P BSE Sensex ended at 20090.68, down 211.45 points or 1.04%. The 30 share index touched a high and a
low of 20252.70 and 19994.25 respectively. 9 stocks advanced against 21 declining ones on the benchmark index.
The CNX Nifty lost 87.30 points or 1.44% to settle at 5990.50. The index touched high and low of 6047.25 and
5962.60 respectively. 11 stocks advanced against 39 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 5889.83 and lost 1.82% while S&P BSE Small-cap index hammered
down by 1.42% to 5601.87.
The broader S&P BSE 500 index decreased to 7312.48 (down 1.48%) and CNX 500 index declined to 4588.25 (down
1.56%).

2. The volatility as denoted by INDIA VIX gained 1.14% at 16.91 from its previous close of 16.72 on Tuesday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 1.03%) was the top gainer.
Banks (down 4.61%), Consumer Durables (down 3.13%) and Capital Goods (down 2.98%) were the top losers.
The Angels and the Devils
Bharti Airtel Ltd (up 2.18%), Wipro Ltd (up 2.02%), Tata Consultancy Services Ltd (up 1.87%), Sun Pharmaceutical
Industries Ltd (up 1.85%) and Cipla Ltd (up 1.68%) were the top gainers on the Sensex.
Jindal Steel and Power Ltd (down 3.99%), Larsen And Toubro Ltd (down 3.93%), ICICI Bank (down 3.73%), HDFC
Bank (down 3.40%) and State Bank of India (down 3.13%) were the top losers on the Sensex.
Benchmark Drivers
HDFC Bank (-52.32 points), ICICI Bank (-50.32 points), Housing Development Finance Corporation Ltd (-42.07 points),
Larsen And Toubro Ltd (-34.85 points) and Tata Consultancy Services Ltd (22.73 points) were the major Sensex
drivers today.
On the other end HDFC Bank (-13.56 points), ICICI Bank (-13.10 points), Housing Development Finance Corporation
Ltd (-10.45 points), Larsen And Toubro Ltd (-8.42 points) and Axis Bank (-7.10 points) were the major Nifty movers
today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6000 for next session. The next support is at 5953 and on upside it has a resistance at
6038 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
25-Jul-2013 5868 5915 5953 6000 6038 6085 6122 -
24-Jul-2013 6030 6045 6062 6077 6094 6110 6126 5990.50
23-Jul-2013 5943 5974 6003 6033 6063 6093 6122 6077.80
S&P BSE Sensex has a pivot at 20113 with first level of support and resistance at 19972 and 20231 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
25-Jul-2013 19714 19854 19972 20113 20231 20371 20489 -
24-Jul-2013 20150 20200 20251 20301 20352 20402 20453 20090.68
23-Jul-2013 19862 19964 20062 20163 20261 20362 20460 20302.13
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