1. Sensex scores double ton ahead of GDP data
Market Summary
30-Aug-2013
Following a cautious start ahead of GDP data, benchmarks inched higher taking support from firm global trades.
Benchmarks witnessed a highly choppy session and erased some gains in noon session. Markets went up
subsequently after PM Manmohan Singh’s painted optimistic picture of Indian economy in parliament. Both frontline
gauges spurted over 1.15% with Sensex scoring double century.
On global front, US markets traded in green on the back of US GDP growth of 2.5% and dropping jobless claims. Most
of the Asian equity indices were trading in the green but European peers traded in red zone.
Back home, the initial margin on gold futures has been raised to 5% from 4% for domestic traders effective Monday.
The Forward Markets Commission's (FMC) move comes after gold prices rose 18% to reach a record high earlier this
week. FMC has also imposed an additional 5% margin on silver and crude oil futures contracts from Monday.
RBI Governor D Subbarao blamed UPA Government for the steep fall in domestic currency. Apart from current
economic woes, Subbarao stated that the main cause of Rupee depreciation is domestic structural factors and market
reaction to US Fed’s tapering plan. (Read More)
Yes Bank surged 4.69% on BSE on the reports of Life Insurance Corporation (LIC) increasing its stake in the company
to 7.38%. (Read More)
Largest public sector bank, State Bank of India gained 1.69% on BSE after Life Insurance Corporation (LIC) has raised
its stake in company by 2.86% to 13.26%. (Read More)
Coal India had hit fresh 52 week low at Rs 238.35 on BSE today. In order to regulate the mandate for the use of
excess coal from captive mines, the Coal Ministry is working on a policy with a view to allocate excess coal to Coal
India or its subsidiary at a notified price. Additionally, Government has selected 7 merchant bankers including Goldman
Sachs, Credit Suisse, Deutsche Bank and SBI Capital Markets to manage its disinvestment of 5% stake in the
company. (Read More)
Ranbaxy Labs dropped 2.57% on BSE after initial findings suggest some minor deficiencies in manufacturing process,
according to initial report submitted by Drug Controller General of India (DCGI).
Jindal Steel tanked 8.85% on BSE in otherwise positive market on fixing lower-than expected buyback offer price of Rs
261 per share while analysts expected it at around Rs 300 per share.
IT major, Tata Consultancy Services shares spurted over 4% and hit record high at Rs 2040 on BSE after CLSA has
maintained its outperform rating on the stock with a target price of Rs 2200.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1192 and 1108 respectively,
while 182 scrips remained unmoved.
The S&P BSE Sensex ended at 18619.72, up 218.68 points or 1.19%. The 30 share index touched a high and a low
of 18679.26 and 18272.76 respectively. 18 stocks advanced against 12 declining ones on the benchmark index.
The CNX Nifty gained 62.75 points or 1.16% to settle at 5471.80. The index touched high and low of 5493.30 and
5360.20 respectively. 31 stocks advanced against 19 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 5300.40 and lost 0.01% while S&P BSE Small-cap index jumped up by
0.20% to 5191.25.
The broader S&P BSE 500 index increased to 6673.96 (up 0.99%) and CNX 500 index rose to 4175.85 (up 1.04%).
The volatility as denoted by INDIA VIX lost 5.44% at 27.81 from its previous close of 29.41 on Thursday.
Sectors in action
On the BSE Sectorial front, Consumer Durables (up 1.90%), Banks (up 1.59%) and Healthcare (up 1.59%) were the
top gainers.

2. Metals (down 2.05%), Capital Goods (down 0.16%) and Real Estate (down 0.07%) were the top losers.
The Angels and the Devils
Bajaj Auto Ltd (up 5.62%), Cipla Ltd (up 4.96%), Tata Consultancy Services Ltd (up 3.96%), HDFC Bank (up 3.86%)
and Hindustan Unilever Ltd (up 3.70%) were the top gainers on the Sensex.
Jindal Steel and Power Ltd (down 8.85%), Sesa Goa Ltd (down 2.70%), Tata Motors Ltd (down 2.35%), Hindalco
Industries Ltd (down 1.87%) and Mahindra and Mahindra Ltd (down 1.61%) were the top losers on the Sensex.
Benchmark Drivers
Tata Consultancy Services Ltd (53.80 points), HDFC Bank (50.14 points), Housing Development Finance Corporation
Ltd (39.79 points), Hindustan Unilever Ltd (28.82 points) and Bajaj Auto Ltd (16.86 points) were the major Sensex
drivers today.
On the other end Tata Consultancy Services Ltd (15.17 points), HDFC Bank (12.58 points), Housing Development
Finance Corporation Ltd (10.25 points), Hindustan Unilever Ltd (7.93 points) and ITC Ltd (5.23 points) were the major
Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5442 for next session. The next support is at 5390 and on upside it has a resistance at
5523 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
02-Sep-2013 5257 5309 5390 5442 5523 5575 5656 -
30-Aug-2013 5206 5254 5332 5380 5458 5506 5584 5471.80
29-Aug-2013 4964 5042 5163 5241 5362 5439 5561 5409.05
S&P BSE Sensex has a pivot at 18524 with first level of support and resistance at 18369 and 18775 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
02-Sep-2013 17962 18117 18369 18524 18775 18930 19182 -
30-Aug-2013 17779 17925 18163 18309 18547 18694 18932 18619.72
29-Aug-2013 16943 17196 17596 17849 18249 18502 18902 18401.04
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