After starting flat on weak Asian cues, the markets drifted lower and lower as the day progressed. The volatile first session of the F&O settlement week saw Nifty and Sensex corrected by 0.68% and 0.59% respectively.

1. Markets end the first day of F&O settlement week in red
Market Summary
27-Aug-2012
After starting flat on weak Asian cues, the markets drifted lower and lower as the day progressed. The volatile first session of the F&O
settlement week saw Nifty and Sensex corrected by 0.68% and 0.59% respectively.
Prime Minister Dr. Manmohan Singh finally spoke on the issue of CAG report on coal block allocation. Urging opposition to debate in
Parliament he said-"Any allegations of impropriety in coal allocation are without basis." Despite his statement, the Parliament logjam
continued even today causing policy paralysis.
Meanwhile, Gold is continuing its record making run on speculation that central banks from U.S., Eurozone and China will roll out the
stimulus packages to boost growth. On intraday basis gold had crossed the levels of Rs. 31400 per 10 grams to make a new all time
high.
The market breadth on the BSE closed in negative. Advances and declining stocks were in a ratio of 1020:1774 while 128 scrips
remained unmoved.
The BSE Sensex ended at 17678.81, down 104.40 points or 0.59%. The 30 share index touched a high and a low of 17820.07 and
17662.21 respectively. 11 stocks advanced against 19 declining ones on the benchmark index.
The S&P CNX Nifty lost 36.45 points or 0.68% to settle at 5350.25. The index touched high and low of 5399.15 and 5346.65
respectively. 16 stocks advanced against 34 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved down to 6057.08 and lost 1.02% while Small-cap index hammered down by 0.96% to 6511.59.
The broader BSE 500 index decreased to 6722.47 (down 0.76%) and S&P CNX 500 index declined to 4194.95 (down 0.73%).
The volatility as denoted by INDIA VIX gained 1.92% at 16.47 from its previous close of 16.16 on Friday.
Sectors in action
On the BSE Sectorial front, Oil & Gas (up 0.34%) and FMCG (up 0.22%) were the top gainers.
Real Estate (down 2.42%), Banks (down 1.81%) and Capital Goods (down 1.61%) were the top losers.
The Angels and the Devils
Mahindra and Mahindra Limited (up 1.35%), Reliance Industries Limited (up 0.68%), Sun Pharmaceutical Industries Limited (up
0.67%), Bajaj Auto Limited (up 0.63%) and Bharti Airtel Limited (up 0.44%) were the top gainers on the Sensex.
Jindal Steel and Power Limited (down 5.16%), Bharat Heavy Electricals Limited (down 2.70%), State Bank of India (down 2.58%), ICICI
Bank (down 2.12%) and Tata Motors Limited (down 1.99%) were the top losers on the Sensex.
Benchmark Drivers
ICICI Bank (-27.78 points), Infosys Limited (-20.21 points), State Bank of India (-17.55 points), Larsen And Toubro Limited (-15.52
points) and Reliance Industries Limited (11.25 points) were the major Sensex drivers today.
On the other end ICICI Bank (-6.83 points), Infosys Limited (-4.98 points), State Bank of India (-4.62 points), Larsen And Toubro
Limited (-4.14 points) and Axis Bank (-3.03 points) were the major Nifty movers today.
Going Forward
(Technical Support and Resistance levels for next session)
Nifty today closed at its strong support i.e. 5350. If it sustains on the downside movement it can further slip to 5330 level.
S3 S2 S1 PIVOT R1 R2 R3
5278 5312 5331 5365 5384 5418 5437
Sensex also traded downside today. It has closed below 17700.
S3 S2 S1 PIVOT R1 R2 R3
17462 17562 17620 17720 17778 17878 17936
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