Snapping three day winning streak, Indian indices witnessed a mayhem yet again. Investors resorted to distressed selling amid negative global as well as domestic developments. Globally, all the US, European and Asian indices tumbled on signals of possible military actions from US against the Syrian government and uncertainty over US Fed stimulus withdrawal next month. On the domestic front, INR tasted yet another record low of Rs 66 against US Dollar amid fiscal concerns arising out of passage of food security bill in lower house of Indian parliament.

1. Sinking Rupee triggers market slaughter; Sensex tanks 590 points
Market Summary
27-Aug-2013
Snapping three day winning streak, Indian indices witnessed a mayhem yet again. Investors resorted to distressed
selling amid negative global as well as domestic developments. Globally, all the US, European and Asian indices
tumbled on signals of possible military actions from US against the Syrian government and uncertainty over US Fed
stimulus withdrawal next month. On the domestic front, INR tasted yet another record low of Rs 66 against US Dollar
amid fiscal concerns arising out of passage of food security bill in lower house of Indian parliament.
Both frontline gauges nosedived over 3% and breached their crucial levels of 18K and 5300 at the close. On sectorial
front, rate sensitive counters witnessed heavy bleeding.
Long awaited Food Security Bill finally got approval from Lok Sabha. The bill worth Rs 130000 crore aims to benefit
low-income group comprising of up to 75% of the rural and up to 50% of the urban population by providing them
subsidized food grain i.e. rice, wheat and other grains at Rs 3/kg, at Rs2/kg and at Rs1/kg per person per month.
(Read More)
Domestic currency continued the southward journey by falling to another record lows against Dollar and British Pound.
INR breached another crucial 66 mark against USD and hit a record low of Rs 66.08/USD in future and spot trades. On
the other hand, Rupee further weakened to hit 102 level against GBP and made new low at Rs 102.57/GBP in future
trades.
On stock specific front, MCX soared 4.99% on BSE in otherwise negative market after Finance Minister Chidambaram
said that two panels have been appointed by Government to look into the NSEL issue. The panel will submit its report
in the next 15 days.
Titagarh Wagons is locked in upper circuit of 10% on BSE on reports that the company has scrapped plans to
demerge its coach manufacturing business into a new company. (Read More)
The market breadth on the BSE closed in negative. Advancing and declining stocks were 738 and 1600 respectively,
while 147 scrips remained unmoved.
The S&P BSE Sensex ended at 17968.08, down 590.05 points or 3.18%. The 30 share index touched a high and a
low of 18460.72 and 17921.82 respectively. 3 stocks advanced against 27 declining ones on the benchmark index.
The CNX Nifty lost 189.05 points or 3.45% to settle at 5287.45. The index touched high and low of 5427.40 and
5274.25 respectively. 4 stocks advanced against 46 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 5278.28 and lost 2.09% while S&P BSE Small-cap index hammered
down by 1.70% to 5199.66.
The broader S&P BSE 500 index decreased to 6495.66 (down 3.12%) and CNX 500 index declined to 4060.70 (down
3.19%).
The volatility as denoted by INDIA VIX gained 11.52% at 29.42 from its previous close of 26.38 on Monday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 0.16%) was the lone gainer.
Banks (down 5.34%), Capital Goods (down 4.71%) and Power (down 4.51%) were the top losers.
The Angels and the Devils
Infosys Ltd (up 0.91%), Dr. Reddys Laboratories Ltd (up 0.53%) and Sesa Goa Ltd (up 0.18%) were the top gainers on
the Sensex.
Bharat Heavy Electricals Ltd (down 9.49%), HDFC Bank (down 8.04%), Housing Development Finance Corporation
Ltd (down 7.70%), NTPC Ltd (down 5.86%) and Jindal Steel and Power Ltd (down 5.68%) were the top losers on the
Sensex.

2. Benchmark Drivers
HDFC Bank (-111.54 points), Housing Development Finance Corporation Ltd (-100.67 points), ITC Ltd (-70.76 points),
Larsen And Toubro Ltd (-39.10 points) and ICICI Bank (-37.15 points) were the major Sensex drivers today.
On the other end HDFC Bank (-28.32 points), Housing Development Finance Corporation Ltd (-25.69 points), ITC Ltd
(-15.93 points), Reliance Industries Ltd (-10.31 points) and Larsen And Toubro Ltd (-10.16 points) were the major Nifty
movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5330 for next session. The next support is at 5232 and on upside it has a resistance at
5385 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
28-Aug-2013 5079 5177 5232 5330 5385 5483 5538 -
27-Aug-2013 5370 5412 5444 5487 5519 5561 5593 5287.45
26-Aug-2013 5306 5342 5407 5443 5508 5544 5609 5476.50
S&P BSE Sensex has a pivot at 18117 with first level of support and resistance at 17773 and 18312 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
28-Aug-2013 17234 17578 17773 18117 18312 18656 18851 -
27-Aug-2013 18216 18352 18455 18592 18695 18831 18934 17968.08
26-Aug-2013 17969 18090 18305 18426 18640 18761 18976 18558.13
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