On the first day of Nov F&O series, markets opened gap down on weak Asian cues and continued to trade in red as companies like Hindustan Unilever, GAIL, NALCO and Punjab National Bank declared disappointing quarterly numbers. HUL was the top loser on Sensex while PNB was the top loser on Nifty. Market players were reluctant to take positions ahead of the RBI monetary policy announcement on 30th Oct. Markets ended the day in negative territory with both the key benchmarks down by over 0.7%.

1. Markets end 0.7% lower on first day of new F&O series; All eyes on
monetary policy
Market Summary
26-Oct-2012
On the first day of Nov F&O series, markets opened gap down on weak Asian cues and continued to trade in red as
companies like Hindustan Unilever, GAIL, NALCO and Punjab National Bank declared disappointing quarterly
numbers. HUL was the top loser on Sensex while PNB was the top loser on Nifty. Market players were reluctant to
take positions ahead of the RBI monetary policy announcement on 30th Oct. Markets ended the day in negative
territory with both the key benchmarks down by over 0.7%.
Key Quarterly Results
ICICI Bank: For the period while the Net Sales increased by 22.91%, Net Profit grown by 30.13% and thereby NPM
improved to 16.21% as compared to 15.19% on y-o-y basis. The stock closed down by 0.73%. (Featured Result)
Hindustan Unilever Limited: For the period while the Net Sales increased by 12.48%, Net Profit grown by 17.13% and
thereby NPM improved to 12.79% as compared to 12.28% on y-o-y basis. The stock closed down by 2.14%. (Result)
Punjab National Bank: For the period while the Net Sales increased by 16.41%, Net Profit dipped by 11.57% and
thereby NPM reduced to 9.41% as compared to 12.25% on y-o-y basis. The stock closed down by 6.88%. (Result)
GAIL India: For the period while the Net Sales increased by 17.13%, Net Profit dipped by 9.96% and thereby NPM
reduced to 8.65% as compared to 11.25% on y-o-y basis. The stock closed up by 0.83%. (Result)
NTPC: For the period while the Net Sales increased by 4.16%, Net Profit grown by 29.63% and thereby NPM
improved to 19.22% as compared to 15.44% on y-o-y basis. The stock closed down by 0.59%. (Result)
Hindustan Construction Company: For the period while the Net Sales declined by 8.36%, Net Profit dipped by
1179.04% and thereby NPM reduced to 3.20% as compared to 0.27% on y-o-y basis. The stock closed up by 2.03%.
(Result)
NALCO India: For the period while the Net Sales declined by 0.35%, Net Profit dipped by 96.57% and thereby NPM
reduced to 0.30% as compared to 8.63% on y-o-y basis. The stock closed down by 3.53%. (Result)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1030 and 1788
respectively, while 120 scrips remained unmoved.
The BSE Sensex ended at 18625.34, down 133.29 points or 0.71%. The 30 share index touched a high and a low of
18729.53 and 18558.05 respectively. 8 stocks advanced against 22 declining ones on the benchmark index.
The S&P CNX Nifty lost 41.00 points or 0.72% to settle at 5664.30. The index touched high and low of 5697.20 and
5641.75 respectively. 14 stocks advanced against 36 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved down to 6603.15 and lost 0.84% while Small-cap index hammered down by 1.05% to
7086.24.
The broader BSE 500 index decreased to 7168.43 (down 0.87%) and S&P CNX 500 index declined to 4480.30 (down
0.84%).
The volatility as denoted by INDIA VIX gained 5.10% at 14.21 from its previous close of 13.52 on Thursday.
Sectors in action
On the BSE Sectorial front, Automobile (up 0.81%) was the top gainer.
Consumer Durables (down 2.84%), FMCG (down 1.78%) and Healthcare (down 1.20%) were the top losers.
The Angels and the Devils
Mahindra and Mahindra Limited (up 2.57%), Bajaj Auto Limited (up 1.72%), Hero MotoCorp Ltd. (up 1.68%), GAIL

2. Mahindra and Mahindra Limited (up 2.57%), Bajaj Auto Limited (up 1.72%), Hero MotoCorp Ltd. (up 1.68%), GAIL
(India) Limited (up 0.83%) and Bharat Heavy Electricals Limited (up 0.73%) were the top gainers on the Sensex.
Hindustan Unilever Limited (down 2.14%), ITC Limited (down 2.00%), Cipla Limited (down 1.84%), Dr. Reddys
Laboratories Ltd. (down 1.59%) and Reliance Industries Limited (down 1.39%) were the top losers on the Sensex.
Benchmark Drivers
ITC Limited (-38.28 points), Reliance Industries Limited (-23.98 points), Hindustan Unilever Limited (-15.50 points),
Housing Development Finance Corporation Limited (-14.00 points) and Mahindra and Mahindra Limited (12.08 points)
were the major Sensex drivers today.
On the other end ITC Limited (-10.23 points), Reliance Industries Limited (-6.13 points), Hindustan Unilever Limited (-
3.81 points), Housing Development Finance Corporation Limited (-3.27 points) and Mahindra and Mahindra Limited
(3.18 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5668 for next session. The next support is at 5638 and on upside it has a resistance
at 5694 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
29-Oct-2012 5583 5612 5638 5668 5694 5723 5749 -
26-Oct-2012 5655 5670 5688 5703 5721 5736 5754 5664.30
25-Oct-2012 5636 5659 5675 5698 5714 5737 5754 5705.30
Sensex has a pivot at 18638 with first level of support and resistance at 18546 and 18717 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
29-Oct-2012 18374 18466 18546 18638 18717 18809 18889 -
26-Oct-2012 18618 18658 18708 18749 18799 18840 18890 18625.34
25-Oct-2012 18538 18614 18662 18737 18786 18861 18909 18758.63
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