Following a choppy trading pattern within a range, the key Indian equity indices finally ended flat near yesterday's closing mark. According to the experts, the volatility is expected to persist during this week on account of F&O expiry on Thursday and GDP data announcement late on Friday. Consumer Durables topped the charts among BSE sectorial benchmarks.

1. Markets end flat; govt hints fiscal consolidation
Market Snapshot | 27-11-2013 04:20 PM
Following a choppy trading pattern within a range, the key Indian equity indices finally ended flat near yesterday's
closing mark. According to the experts, the volatility is expected to persist during this week on account of F&O expiry
on Thursday and GDP data announcement late on Friday. Consumer Durables topped the charts among BSE sectorial
benchmarks.
On global front, the U.S. and Asian indices (barring Nikkei 225 and Straits Times) closed in green while European
indices too were giving positive leads.
On Macro front, the government may trim planned expenditure by 15% or Rs 80,000 crore to contain fiscal deficit at
4.8% of GDP. In addition, the Finance Ministry has shortlisted six companies to liquidate its stake to attain the fiscal
objectives. So far, the government could fetch only Rs 1,323 crore from disinvestment as against the targeted Rs
40,000 crore. Meanwhile, Plan panel Deputy Chairman Montek Singh Ahluwalia expressed confidence that the
government will be able to restrict current account deficit (CAD) well below the 3% range and fiscal deficit within 4.8%.
According to him India’s GDP will grow by over 6% next fiscal.
On stock specific front, Wockhardt tanked 8.9% on BSE as the company has received an import alert from US Food
and Drug Administration (US FDA) for its Chikalthana facility at Aurangabad. (News)
Eicher Motor’s rallied 3.9% on BSE on reports of the expansion plans of its two-wheeler arm Royal Enfield in various
global markets including South East Asia and Latin America. (News)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1161 and 1388
respectively, while 169 scrips remained unmoved.
The S&P BSE Sensex ended at 20420.26, down 4.76 points or 0.02%. The 30 share index touched a high and a low
of 20482.67 and 20348.06 respectively. 14 stocks advanced against 16 declining ones on the benchmark index.
The CNX Nifty lost 2.00 points or 0.03% to settle at 6057.10. The index touched high and low of 6074.00 and 6030.30
respectively. 23 stocks advanced against 27 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved up to 6223.10 and gained 0.25% while S&P BSE Small-cap index hammered
down by 0.14% to 5993.87.
The broader S&P BSE 500 index increased to 7460.31 (up 0.03%) and CNX 500 index rose to 4679.85 (up 0.01%).
The volatility as denoted by INDIA VIX lost 2.08% at 21.14 from its previous close of 21.59 on Tuesday.
Sectors in action
On the BSE Sectorial front, Consumer Durables (up 1.37%), FMCG (up 1.03%) and Automobile (up 0.97%) were the
top gainers.
Power (down 0.88%), Real Estate (down 0.77%) and Information Technology (down 0.66%) were the top losers.
The Angels and the Devils
Tata Motors Ltd (up 2.31%), ITC Ltd (up 1.03%), Oil and Natural Gas Corporation Ltd (up 0.98%), Coal India Ltd (up
0.84%) and Dr. Reddys Laboratories Ltd (up 0.77%) were the top gainers on the Sensex.
Bharti Airtel Ltd (down 1.76%), NTPC Ltd (down 1.41%), State Bank of India (down 1.23%), Sesa Sterlite Ltd (down
1.22%) and Wipro Ltd (down 1.06%) were the top losers on the Sensex.
Benchmark Drivers
ITC Ltd (20.93 points), Tata Motors Ltd (18.89 points), Infosys Ltd (-13.42 points), Bharti Airtel Ltd (-9.49 points) and
Reliance Industries Ltd (-8.60 points) were the major Sensex drivers today.
On the other end ITC Ltd (5.47 points), Tata Motors Ltd (4.62 points), Infosys Ltd (-3.24 points), Bharti Airtel Ltd (-2.09

2. On the other end ITC Ltd (5.47 points), Tata Motors Ltd (4.62 points), Infosys Ltd (-3.24 points), Bharti Airtel Ltd (-2.09
points) and State Bank of India (-1.92 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6054 for next session. The next support is at 6034 and on upside it has a resistance at
6077 levels.
CNX Nifty
Eff. Date
28-Nov-2013
27-Nov-2013
26-Nov-2013
S3
5990
5969
5972
S2
6010
6008
6004
S1
6034
6034
6060
PIVOT
6054
6073
6092
R1
6077
6099
6147
R2
6098
6138
6179
R3
6121
6164
6235
Actual Close
6057.10
6059.10
S&P BSE Sensex has a pivot at 20417 with first level of support and resistance at 20351 and 20486 respectively.
S&P BSE Sensex
Eff. Date
28-Nov-2013
27-Nov-2013
26-Nov-2013
S3
20217
20129
20113
Follow us on
S2
20282
20260
20220
S1
20351
20342
20412
PIVOT
20417
20473
20519
R1
20486
20556
20712
R2
20552
20687
20819
R3
20621
20770
21011
Actual Close
20420.26
20425.02
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