Markets end flat. Cautiousness persists ahead of F&O expiry, Railway Budget & Union Budget. stocks from midcap pack crash. Stocks of banking aspirants surge http://lnkd.in/J92z9V

1. Markets end flat; Cautiousness persists ahead of Union Budget, F&O expiry
Market Summary
25-Feb-2013
Following a gap up start tracking optimism among global peers, Indian equity benchmarks ended flat amid range bound
trading. Cautiousness prevails in markets ahead of important events such as Feb series F&O expiry, Railway Budget
and Union Budget. Overall market breadth was negative on both the key bourses.
Some of the midcap stocks crashed heavily on speculation of pledged shares sell offs. Core Education tanked 62%.
ABG Shipyard and Welspun Corp plunged 20% each. Opto Circuits & DB Realty too plunged 10% each.
Most of the Railway stocks suffered 2 to 5% ahead of Railway Budget tomorrow. (What’s Hot)
India’s banking regulator, RBI unveiled the final guidelines for issuing new banking licenses. The interested entities
from private sector, public sector and Non-Banking Financial Companies (NBFCs) can set up a bank through a wholly-
owned Non-Operative Financial Holding Company (NOFHC). As per the guidelines, RBI fixed the the minimum capital
requirement for opening a bank at Rs 500 crore. The foreign shareholding is capped at 49%.
Stocks of banking aspirants like Mahindra & Mahindra Financial Services (0.68% up), L&T Finance Holdings (4.96%
up), Bajaj Finserv (3.36% up) and Bajaj Finance(2.79% up) closed with a green mark after RBI issued the norms.
(News)
HSBC upgraded Ranbaxy from “underweight” to “overweight” after the company declared that it will resume its
production of cholesterol fighter’s generic version Lipitor for sale in United States. The stock closed 4.80% up on BSE.
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1042 and 1832
respectively, while 137 scrips remained unmoved.
The BSE Sensex ended at 19331.69, up 14.68 points or 0.08%. The 30 share index touched a high and a low of
19411.18 and 19237.98 respectively. 15 stocks advanced against 14 declining ones on the benchmark index.
The S&P CNX Nifty gained 4.45 points or 0.08% to settle at 5854.75. The index touched high and low of 5878.40 and
5825.00 respectively. 24 stocks advanced against 26 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved down to 6529.53 and lost 1.20% while Small-cap index hammered down by 1.36% to
6475.65.
The broader BSE 500 index decreased to 7365.70 (down 0.26%) and S&P CNX 500 index declined to 4611.65 (down
0.22%).
The volatility as denoted by INDIA VIX lost 0.36% at 16.73 from its previous close of 16.79 on Friday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 1.86%), Automobile (up 0.78%) and Healthcare (up 0.02%)
were the top gainers.
Real Estate (down 2.39%), Capital Goods (down 1.68%) and Metals (down 1.08%) were the top losers.
The Angels and the Devils
Infosys Ltd (up 2.84%), Tata Motors Ltd (up 2.06%), Hero MotoCorp Ltd (up 1.42%), Bharat Heavy Electricals Ltd (up
1.29%) and Tata Consultancy Services Ltd (up 1.16%) were the top gainers on the Sensex.
Cipla Ltd (down 2.60%), Larsen And Toubro Ltd (down 2.30%), Oil and Natural Gas Corporation Ltd (down 2.04%),
Coal India Ltd (down 1.99%) and Reliance Industries Ltd (down 1.01%) were the top losers on the Sensex.
Benchmark Drivers
Infosys Ltd (46.84 points), Larsen And Toubro Ltd (-21.73 points), Reliance Industries Ltd (-18.42 points), Oil and
Natural Gas Corporation Ltd (-13.44 points) and Tata Motors Ltd (12.67 points) were the major Sensex drivers today.

2. On the other end Infosys Ltd (11.31 points), Larsen And Toubro Ltd (-5.55 points), Reliance Industries Ltd (-4.40
points), Tata Motors Ltd (3.30 points) and Tata Consultancy Services Ltd (3.28 points) were the major Nifty movers
today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5853 for next session. The next support is at 5827 and on upside it has a resistance
at 5880 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
26-Feb-2013 5774 5799 5827 5853 5880 5906 5934 -
25-Feb-2013 5794 5815 5832 5853 5870 5891 5908 5854.75
22-Feb-2013 5747 5796 5824 5873 5901 5949 5978 5850.30
Sensex has a pivot at 19327 with first level of support and resistance at 19243 and 19416 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
26-Feb-2013 19070 19154 19243 19327 19416 19500 19589 -
25-Feb-2013 19159 19224 19271 19336 19383 19448 19494 19331.69
22-Feb-2013 18960 19125 19225 19390 19490 19655 19755 19317.01
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