1. Benchmarks slaughtered on disappointing earnings; Nifty falls near 5900
Market Summary
25-Jul-2013
On the day of F&O expiry, Indian indices started gap down amidst sluggish global cues. Disappointing earnings led
markets to trade with deep cuts. Both frontline gauges lost about 1.4% of their respective values at the close. On
sectorial front, FMCG was the top laggard followed by Metal index.
Globally, US indices edged lower on the back of some weak earnings and growth in borrowing costs. Asian and
European indices also dipped on profit booking.
Back home, automobile major, Maruti Suzuki has reported 49.05% jump in Q1FY14 Net at Rs 631.61 crore as
compared to Rs 423.77 crore for Q1FY13. However, total income from operations fell 5.02% at Rs 10237.34 crore for
quarter against Rs 10778.15 crore on year on year basis. The stock closed 0.12% down on BSE. (Result)
ITC plummeted 4.57% on BSE as the company’s sales growth disappointed the street. Net sales grew 10% to Rs 7339
crore on yoy basis. However company’s Net rose 18.05% in Q1 at Rs 1891.33 crore for the quarter ended June 30,
2013 as compared to Rs 1602.14 crore for the same quarter in the previous year. (Featured Result)
Hero Moto Corp soared 4.06% on BSE despite company’s Net tanked 10.86% in Q1FY14 to Rs 548.58 crore against
Rs 615.46 crore for the same quarter last year. Net sales also dropped 1.3% to Rs 6,126.84 crore for the quarter.
(Result)
Ambuja Cements tumbled 10.52% on BSE after Holcim restructured ownership of Ambuja and ACC. Ambuja has now
become 50% owner of ACC for Rs 14500 crore resulting Holcim's stake in Ambuja has now increased to 61%. The
company has also reported 30.86% fall in Q2 Net at Rs 324.20 crore as compared to Rs 468.90 crore for the
corresponding quarter in the previous year. (Result)
Net profit of Cairn India stood at Rs 1989.12 crore in Q1FY14 as compared to a Net loss of Rs 33.88 crore for
Q1FY12. However company’s consolidated Net fell 18.26% to Rs 3127.23 crore. The stock closed 1.02% down on
BSE. (Result)
ACC plunged 3% on BSE on registering 38% decline in Q2 Net at Rs 259.09 crore as compared to Rs 417.93 crore for
the same quarter in the previous year. (Result)
Indian Overseas Bank slumped 3.59% on BSE on reporting a fall of 46.11% in Q1FY14 Net at Rs 125.80 as compared
to Rs 233.44 crore for Q1FY13. (Result)
State owned, GAIL’s Q1 Net plunged 28.72% to Rs 808.17 crore as compared to Rs 1133.78 crore for the same
quarter in the previous year. The stock closed 0.54% down on BSE. (Result)
Zee Entertainment Enterprises spiked 6.33% on BSE after registering 26.37% jump in Q1 Net at Rs 249.59 crore for
the quarter ended June 30, 2013 as compared to Rs 197.50 crore. (Result)
MRF has reported a rise of 57.22% in its Net at Rs 227.28 crore for the quarter ended June 2013 as compared to Rs
144.56 crore on year on year basis. The stock closed 0.44% up on BSE. (Read More)
Muthoot Finance has reported 21.22% fall in Q1 Net at Rs 193.89 crore as compared to Rs 246.11 crore year on
year. The stock closed 0.85% downon BSE. (Result)
The market breadth on the BSE closed in negative. Advancing and declining stocks were 878 and 1448 respectively,
while 181 scrips remained unmoved.
The S&P BSE Sensex ended at 19804.76, down 285.92 points or 1.42%. The 30 share index touched a high and a
low of 20110.81 and 19763.90 respectively. 5 stocks advanced against 25 declining ones on the benchmark index.
The CNX Nifty lost 83.00 points or 1.39% to settle at 5907.50. The index touched high and low of 5990.65 and
5896.40 respectively. 10 stocks advanced against 40 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 5837.42 and lost 0.89% while S&P BSE Small-cap index hammered
down by 0.71% to 5562.19.

2. The broader S&P BSE 500 index decreased to 7222.92 (down 1.22%) and CNX 500 index declined to 4531.80 (down
1.23%).
The volatility as denoted by INDIA VIX lost 1.12% at 16.72 from its previous close of 16.91 on Wednesday.
Sectors in action
On the BSE Sectorial front, Automobile (up 0.14%) was the top gainer.
FMCG (down 3.33%), Metals (down 1.73%) and Healthcare (down 1.64%) were the top losers.
The Angels and the Devils
Hero MotoCorp Ltd (up 4.06%), Tata Motors Ltd (up 0.79%), Tata Consultancy Services Ltd (up 0.60%), Infosys Ltd
(up 0.29%) and Bajaj Auto Ltd (up 0.04%) were the top gainers on the Sensex.
ITC Ltd (down 4.57%), Wipro Ltd (down 4.01%), Hindustan Unilever Ltd (down 3.21%), Tata Power Company Ltd
(down 3.19%) and Sun Pharmaceutical Industries Ltd (down 2.99%) were the top losers on the Sensex.
Benchmark Drivers
ITC Ltd (-112.26 points), Reliance Industries Ltd (-37.20 points), Hindustan Unilever Ltd (-29.03 points), ICICI Bank (-
23.83 points) and Sun Pharmaceutical Industries Ltd (-16.50 points) were the major Sensex drivers today.
On the other end ITC Ltd (-28.04 points), Reliance Industries Ltd (-9.91 points), Hindustan Unilever Ltd (-6.97 points),
ICICI Bank (-5.87 points) and Ambuja Cements Ltd (-4.68 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5932 for next session. The next support is at 5872 and on upside it has a resistance at
5967 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
26-Jul-2013 5778 5837 5872 5932 5967 6026 6061 -
25-Jul-2013 5868 5915 5953 6000 6038 6085 6122 5907.50
24-Jul-2013 6030 6045 6062 6077 6094 6110 6126 5990.50
S&P BSE Sensex has a pivot at 19893 with first level of support and resistance at 19676 and 20022 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
26-Jul-2013 19329 19546 19676 19893 20022 20240 20369 -
25-Jul-2013 19714 19854 19972 20113 20231 20371 20489 19804.76
24-Jul-2013 20150 20200 20251 20301 20352 20402 20453 20090.68
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