Markets end on sombre note; Sensex sheds 180 points

1. Markets end on sombre note; Sensex sheds 180 points
Market Snapshot | 26-11-2013 04:20 PM
After yesterday’s rally, Indian equities languished after a flat start despite strengthening domestic currency. Markets
extended southward move with Sensex plummeting over 200 points as investors opted to remain on sidelines ahead of
F&O expiry this week. Benchmarks ended near days low levels with Nifty at 6059. On BSE sectorial front, Bankex
topped the laggards.
Among global peers, US indices traded mixed wheraes most of the Asian and European indices edged lower.
Back home, Rupee extended strong move for the third straight session against Dollar. In futures trade, INR touched a
low of 62.50/USD and a high of 62.25/USD in intraday deals. (Read More)
As underscored in the previous statement, Reserve Bank of India is planning to launch CPI indexed bonds with an aim
to protect the savings of retail investors from the impact of price rise by the end of next month. The bond will be linked
to the CPI (combined) and will have a tenure of 10 years. (Read More)
On stock specific front, Morgan Stanley Asia (Singapore) offloaded shares of Yes Bank worth Rs 69 crore via a bulk
deal. The shares were sold at an average price of Rs 349.51 per share. The bank ended 3% up on BSE. (Read More)
Education stocks viz Career point, Core Education, Educomp solutions and Everonn Education rallied 10-20% on the
back of heavy volumes. (What’s Hot)
Eicher Motors soared 3.07% to touch its historic high at Rs 4353.5 on BSE after Bank of America Merrill Lynch raised
the target price of the stock to Rs 6000 citing the good sales numbers of company's motor-cycle business which
contributes 75% to total profits.
United Spirits slipped 1.5% on BSE on concern from UK's regulator Office of Fair Trading Practices (OFT) of violating
competition norms in the country through USL-Diageo deal. The regulator is now considering a proposal from Diageo
to sell bulk of Whyte and Mckay stake.
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1096 and 1506
respectively, while 145 scrips remained unmoved.
The S&P BSE Sensex ended at 20425.02, down 180.06 points or 0.87%. The 30 share index touched a high and a
low of 20604.27 and 20390.62 respectively. 8 stocks advanced against 22 declining ones on the benchmark index.
The CNX Nifty lost 56.25 points or 0.92% to settle at 6059.10. The index touched high and low of 6112.70 and
6047.75 respectively. 14 stocks advanced against 36 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved down to 6207.69 and lost 0.26% while S&P BSE Small-cap index hammered
down by 0.83% to 6002.22.
The broader S&P BSE 500 index decreased to 7457.78 (down 0.78%) and CNX 500 index declined to 4679.15 (down
0.78%).
The volatility as denoted by INDIA VIX gained 2.57% at 21.59 from its previous close of 21.05 on Monday.
Sectors in action
On the BSE Sectorial front, Automobile (up 0.49%), Power (up 0.36%) and Capital Goods (up 0.32%) were the top
gainers.
Banks (down 1.52%), Oil & Gas (down 1.23%) and FMCG (down 1.14%) were the top losers.
The Angels and the Devils
Bharat Heavy Electricals Ltd (up 2.57%), Tata Motors Ltd (up 1.23%), Hindustan Unilever Ltd (up 1.06%), Hero
MotoCorp Ltd (up 1.01%) and Sesa Sterlite Ltd (up 1.00%) were the top gainers on the Sensex.
Bharti Airtel Ltd (down 2.72%), ICICI Bank (down 2.61%), Coal India Ltd (down 2.45%), ITC Ltd (down 1.69%) and

2. Bharti Airtel Ltd (down 2.72%), ICICI Bank (down 2.61%), Coal India Ltd (down 2.45%), ITC Ltd (down 1.69%) and
Housing Development Finance Corporation Ltd (down 1.61%) were the top losers on the Sensex.
Benchmark Drivers
ICICI Bank (-38.21 points), ITC Ltd (-35.00 points), Housing Development Finance Corporation Ltd (-23.06 points),
Reliance Industries Ltd (-19.50 points) and HDFC Bank (-16.48 points) were the major Sensex drivers today.
On the other end ICICI Bank (-10.33 points), ITC Ltd (-8.76 points), Reliance Industries Ltd (-5.38 points), Housing
Development Finance Corporation Ltd (-4.87 points) and HDFC Bank (-3.77 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6073 for next session. The next support is at 6034 and on upside it has a resistance at
6099 levels.
CNX Nifty
Eff. Date
27-Nov-2013
26-Nov-2013
25-Nov-2013
S3
5969
5972
5886
S2
6008
6004
5929
S1
6034
6060
5962
PIVOT
6073
6092
6006
R1
6099
6147
6039
R2
6138
6179
6083
R3
6164
6235
6116
Actual Close
6059.10
6115.35
S&P BSE Sensex has a pivot at 20473 with first level of support and resistance at 20342 and 20556 respectively.
S&P BSE Sensex
Eff. Date
27-Nov-2013
26-Nov-2013
25-Nov-2013
S3
20129
20113
19857
Follow us on
S2
20260
20220
19997
S1
20342
20412
20107
PIVOT
20473
20519
20248
R1
20556
20712
20358
R2
20687
20819
20498
R3
20770
21011
20608
Actual Close
20425.02
20605.08
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