1. Sensex shoots 400 points on RBI measures; Nifty above 5400
Market Summary
29-Aug-2013
Following a gap up start, Indian indices remained in the upward journey amidst firm global cues and RBI’s measures to
curb sagging Rupee. Benchmarks traded jubilantly tracking the recovery in Rupee with Sensex soaring over 400 points
in noon session. Markets ended with handsome gains and Nifty above 5400. Among BSE sectorials, Oil & Gas and
Metals stocks lead.
On global front, after two weak sessions, US markets edged higher on the back of gains in Oil companies as the price
of crude touched two year high levels. Asian and European indices also traded in positive terrain.
Back home, in a big sigh of relief to the sinking domestic currency after witnessing biggest fall in history, Reserve Bank
of India has opened a foreign exchange swap window to help the three state owned oil marketing companies (OMCs)
i.e. Indian Oil Corporation (up 1.45%), Bharat Petroleum Corporation Ltd (up 0.45%) and Hindustan Petroleum
Corporation Ltd (down 0.31%) to meet their entire daily dollar requirements. The move is crucial as the PSU oil
companies are the biggest buyers of dollars, requiring $8-8.5 billion every month for the import of an average 7.5
million tons of crude oil. (Read More)
Rupee recouped on RBI measures to the 67/USD levels after hitting a life time low of 69/USD yesterday. The currency
also appreciated against GBP to 104/GBP levels, a day after hitting record low of Rs 109.49/GBP.
Reliance Industries surged 4.22% on BSE as the company and its partner BP reportedly won approval to invest USD
3.18 billion in R-Series gas field in the flagging KG-D6 block.
Technology major, Wipro hit 52 week high at Rs 479.50 on BSE on bagging Rs 680 crore technology outsourcing
contract from a United States based healthcare services company. The stock closed 0.64% up on BSE.
Power Grid Corporation of India (PGCIL) shined 3.08% on BSE on getting nod for two investment proposal
aggregating Rs 209.13 crore. (Read More)
L&T gained 2.47% on BSE on bagging a prestigious contract from ONGC valued over $170 million. (Read More)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1307 and 1026 respectively,
while 143 scrips remained unmoved.
The S&P BSE Sensex ended at 18401.04, up 404.89 points or 2.25%. The 30 share index touched a high and a low
of 18455.66 and 18071.22 respectively. 24 stocks advanced against 6 declining ones on the benchmark index.
The CNX Nifty gained 124.05 points or 2.35% to settle at 5409.05. The index touched high and low of 5428.90 and
5303.00 respectively. 38 stocks advanced against 12 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 5300.72 and gained 1.47% while S&P BSE Small-cap index jumped up by
0.69% to 5180.73.
The broader S&P BSE 500 index increased to 6608.59 (up 2.04%) and CNX 500 index rose to 4132.80 (up 2.10%).
The volatility as denoted by INDIA VIX lost 9.17% at 29.41 from its previous close of 32.38 on Wednesday.
Sectors in action
On the BSE Sectorial front, Oil & Gas (up 2.86%), Metals (up 2.38%) and FMCG (up 2.29%) were the top gainers.
There was no loser among BSE sectorials today.
The Angels and the Devils
Sesa Goa Ltd (up 13.54%), Housing Development Finance Corporation Ltd (up 6.30%), Hindalco Industries Ltd (up
4.65%), Reliance Industries Ltd (up 4.22%) and Bharti Airtel Ltd (up 3.89%) were the top gainers on the Sensex.
Coal India Ltd (down 1.65%), State Bank of India (down 0.60%), Tata Power Company Ltd (down 0.52%), Tata Steel
Ltd (down 0.38%) and Infosys Ltd (down 0.36%) were the top losers on the Sensex.

2. Benchmark Drivers
Housing Development Finance Corporation Ltd (72.39 points), Reliance Industries Ltd (72.29 points), ITC Ltd (52.00
points), Tata Consultancy Services Ltd (29.03 points) and HDFC Bank (22.85 points) were the major Sensex drivers
today.
On the other end Housing Development Finance Corporation Ltd (18.94 points), Reliance Industries Ltd (17.82 points),
ITC Ltd (12.20 points), Tata Consultancy Services Ltd (6.91 points) and HDFC Bank (5.79 points) were the major Nifty
movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5380 for next session. The next support is at 5332 and on upside it has a resistance at
5458 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
30-Aug-2013 5206 5254 5332 5380 5458 5506 5584 -
29-Aug-2013 4964 5042 5163 5241 5362 5439 5561 5409.05
28-Aug-2013 5079 5177 5232 5330 5385 5483 5538 5285.00
S&P BSE Sensex has a pivot at 18309 with first level of support and resistance at 18163 and 18547 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
30-Aug-2013 17779 17925 18163 18309 18547 18694 18932 -
29-Aug-2013 16943 17196 17596 17849 18249 18502 18902 18401.04
28-Aug-2013 17234 17578 17773 18117 18312 18656 18851 17996.15
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