Ignoring weak lead from Wall Street, Indian equity indices edged higher in morning deals with Sensex surpassing 21K mark. Both frontline gauges neared three year high levels as investors sentiments weighed on heavy FII buying in last session. However, in late noon trades, benchmarks plunged and finally settled marginally in red. On BSE sectorial front, Capital Goods was the top gainer whereas IT index topped the laggards amidst strengthening Rupee against Dollar.

1. Sensex retreats in red after crossing 21K; IT drains
Market Summary
24-Oct-2013
Ignoring weak lead from Wall Street, Indian equity indices edged higher in morning deals with Sensex surpassing 21K
mark. Both frontline gauges neared three year high levels as investors sentiments weighed on heavy FII buying in last
session. However, in late noon trades, benchmarks plunged and finally settled marginally in red. On BSE sectorial
front, Capital Goods was the top gainer whereas IT index topped the laggards amidst strengthening Rupee against
Dollar.
Among global peers, US indices inched lower on mixed corporate earnings. On the other hand, Asian and European
indices traded in green zone.
Back home, SKS Microfinance shined 2.3% on BSE as Foreign Institutional Investors’ (FIIs) have increased their stake
in the company to an all-time high of 36.9% in the Q2FY14 quarter. (Read More)
Britannia Industries gained 1.5% and hit fresh 52 week high at 972.5 on BSE as the company is reportedly in process
of selling bakery foods subsidiary of the company. (Read More)
Key Quarterly Results
Hero Moto Corp's Net shined 9% in Q2 at Rs 481.5 crore as against Rs 440.58 crore in same quarter of previous
fiscal. The stock closed 0.4% down on BSE. (Result)
Kotak Mahindra Bank’s Net jumped 25.74% in Q2 to Rs 352.54 crore as compared to Rs 280.38 crore for the same
quarter in the previous year. On the consolidated basis, the group registered a growth of 16.08% in Net at Rs 583
crore as compared to Rs 502.17 crore in the same quarter previous year. The stock closed 0.33% down on BSE.
(Featured Result)
Jet Airways dipped 1.8% on BSE on posting steep fall of 794% in Q2FY14 Net at a Net loss of Rs 891 crore as
compared to a Net loss of Rs 99.67 crore for the same quarter in the previous year. However, total income has
increased by 1.74% at Rs 4267.77 crore for the quarter as compared to Rs 4194.70 crore for Q2FY13. (Result)
Power Grid Corporation of India's Net grew 10% in Q2FY14 at Rs 1239 crore as compared to Rs 1126 crore in the
corresponding quarter of the previous year. The stock ended 1.8% down on BSE. (Result)
L&T Finance Holdings has reported over 13 fold jump in Q2 Net at Rs 146.5 crore as compared to Rs 11.14 crore for
the same quarter in the previous year. On the consolidated basis, the group has registered a growth of 8.33% in net
profit at Rs 155.72 crore as compared to Rs 143.74 crore in the same quarter previous year. The stock closed 0.2%
down on BSE. (Result)
IPCA Laboratories gained 1.6% on BSE on registering 3.59% growth in Q2 Net at Rs 129.45 crore as compared to Rs
125 crore for the same quarter in the previous year. (Result)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1237 and 1326
respectively, while 191 scrips remained unmoved.
The S&P BSE Sensex ended at 20725.43, down 42.45 points or 0.20%. The 30 share index touched a high and a
low of 21039.42 and 20656.70 respectively. 10 stocks advanced against 19 declining ones on the benchmark index.
The CNX Nifty lost 14.00 points or 0.23% to settle at 6164.35. The index touched high and low of 6252.45 and
6142.95 respectively. 21 stocks advanced against 29 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved up to 5995.83 and gained 0.16% while S&P BSE Small-cap index hammered
down by 0.05% to 5853.10.
The broader S&P BSE 500 index decreased to 7517.26 (down 0.21%) and CNX 500 index declined to 4713.00 (down
0.22%).
The volatility as denoted by INDIA VIX gained 1.43% at 20.64 from its previous close of 20.35 on Wednesday.

2. Sectors in action
On the BSE Sectorial front, Capital Goods (up 1.15%), Automobile (up 0.61%) and Consumer Durables (up 0.49%)
were the top gainers.
Information Technology (down 1.77%), Power (down 1.14%) and Real Estate (down 1.12%) were the top losers.
The Angels and the Devils
Mahindra and Mahindra Ltd (up 2.40%), Larsen And Toubro Ltd (up 1.83%), GAIL (India) Ltd (up 1.49%), HDFC Bank
(up 1.34%) and Tata Motors Ltd (up 1.28%) were the top gainers on the Sensex.
Wipro Ltd (down 4.25%), Coal India Ltd (down 3.25%), Tata Consultancy Services Ltd (down 2.52%), Jindal Steel and
Power Ltd (down 1.85%) and Bharat Heavy Electricals Ltd (down 1.68%) were the top losers on the Sensex.
Benchmark Drivers
Tata Consultancy Services Ltd (-35.62 points), Reliance Industries Ltd (-23.39 points), HDFC Bank (19.81 points),
Larsen And Toubro Ltd (16.86 points) and Wipro Ltd (-15.07 points) were the major Sensex drivers today.
On the other end Tata Consultancy Services Ltd (-8.93 points), Reliance Industries Ltd (-6.31 points), HDFC Bank
(5.05 points), HCL Technologies Ltd (-4.21 points) and Larsen And Toubro Ltd (3.94 points) were the major Nifty
movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6187 for next session. The next support is at 6121 and on upside it has a resistance at
6230 levels.
CNX Nifty
Eff. Date
25-Oct-2013
24-Oct-2013
23-Oct-2013
S3
6011
6023
6145
S2
6077
6070
6163
S1
6121
6124
6183
PIVOT
6187
6171
6202
R1
6230
6225
6221
R2
6296
6272
6240
R3
6340
6327
6260
Actual Close
6164.35
6178.35
S&P BSE Sensex has a pivot at 20807 with first level of support and resistance at 20575 and 20958 respectively.
S&P BSE Sensex
Eff. Date
25-Oct-2013
24-Oct-2013
23-Oct-2013
S3
20192
20265
20662
Follow us on
S2
20424
20427
20736
S1
20575
20598
20801
PIVOT
20807
20760
20875
R1
20958
20930
20939
R2
21190
21093
21013
R3
21340
21263
21078
Actual Close
20725.43
20767.88
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