After a positive start tracking firm Asian cues, the Indian benchmarks extended the gains further as traders resorted to short covering ahead of December series F&O expiry scheduled tomorrow. Sensex ended above 19400. Barring Taiwan, all Asian indices end in green. Among its Asian peers, Japanese Nikkei closed with the highest gains of about 1.5% as Japan’s new government led by Prime Minister Shinzo Abe is expected to follow growth friendly economic policies.

1. Short covering powers Nifty to reclaim 5900 ahead of F&O expiry
Market Summary
26-Dec-2012
After a positive start tracking firm Asian cues, the Indian benchmarks extended the gains further as traders resorted to
short covering ahead of December series F&O expiry scheduled tomorrow.Sensex ended above 19400.
Barring Taiwan, all Asian indices end in green. Among its Asian peers, Japanese Nikkei closed with the highest gains
of about 1.5% as Japan’s new government led by Prime Minister Shinzo Abe is expected to follow growth friendly
economic policies.
Suzlon ended down by 1.68% on BSE after promoter's stake sale of 2.11% shares to facilitate corporate debt
restructuring.
Ashoka Buildcon rose 1.43% on BSE on news of emerging as the Lowest Bidder for Chennai-ORR Project. (News)
Orchid gained 1.29% on BSE on receiving CCI’s approval to sell assets to Hospira Healthcare. (News)
FDI in services sector grew up only by 5% in Apr-Oct period. (News)
State Bank of India gained 1.84% on entering in Preliminary Non-Binding MoU with RDIF. (News)
JK Tyre rallied 0.25% on BSE on the plans of investing Rs 1,000 crore. (News)
NMDC rised 0.53% on BSE on plan to acquire more coal mines through Legacy Iron Ore. (News)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1492 and 1413 respectively,
while 141 scrips remained unmoved.
The BSE Sensex ended at 19417.46, up 162.37 points or 0.84%. The 30 share index touched a high and a low of
19468.40 and 19274.07 respectively. 22 stocks advanced against 8 declining ones on the benchmark index.
The S&P CNX Nifty gained 49.85 points or 0.85% to settle at 5905.60. The index touched high and low of 5917.30
and 5859.55 respectively. 40 stocks advanced against 10 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 7069.09 and gained 0.66% while Small-cap index jumped up by 0.36% to
7375.80.
The broader BSE 500 index increased to 7560.61 (up 0.75%) and S&P CNX 500 index rose to 4731.60 (up 0.78%).
The volatility as denoted by INDIA VIX lost 2.69% at 14.10 from its previous close of 14.49 on Monday.
Sectors in action
On the BSE Sectorial front, Capital Goods (up 1.68%), Banks (up 1.36%) and Real Estate (up 1.22%) were the top
gainers.
Information Technology (down 0.17%) was the top loser.
The Angels and the Devils
Bharti Airtel Ltd (up 2.78%), ICICI Bank (up 2.38%), Larsen And Toubro Ltd (up 2.19%), Jindal Steel and Power Ltd
(up 2.03%) and State Bank of India (up 1.84%) were the top gainers on the Sensex.
Hindustan Unilever Ltd (down 1.40%), Hero MotoCorp Ltd (down 0.81%), Tata Motors Ltd (down 0.42%), Infosys Ltd
(down 0.33%) and Tata Consultancy Services Ltd (down 0.25%) were the top losers on the Sensex.
Benchmark Drivers
ICICI Bank (36.64 points), Larsen And Toubro Ltd (22.77 points), ITC Ltd (19.96 points), Reliance Industries Ltd (16.98
points) and State Bank of India (15.42 points) were the major Sensex drivers today.

2. On the other end ICICI Bank (9.58 points), Larsen And Toubro Ltd (6.39 points), ITC Ltd (5.28 points), Reliance
Industries Ltd (4.12 points) and State Bank of India (3.69 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5894 for next session. The next support is at 5871 and on upside it has a resistance
at 5929 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
27-Dec-2012 5813 5836 5871 5894 5929 5952 5986 -
26-Dec-2012 5816 5830 5843 5857 5870 5885 5897 5905.60
24-Dec-2012 5784 5813 5830 5859 5877 5905 5923 5855.75
Sensex has a pivot at 19387 with first level of support and resistance at 19305 and 19499 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
27-Dec-2012 19111 19192 19305 19387 19499 19581 19694 -
26-Dec-2012 19102 19170 19212 19280 19323 19390 19433 19417.46
24-Dec-2012 19004 19112 19177 19286 19351 19459 19524 19255.09
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