1. Sensex recovers despite Rupee eyeing record lows; Gold touches 29K
Market Summary
31-Jul-2013
Indian equity indices languished at start for the sixth consecutive session on the back of weak Asian cues. Markets
continued the southward journey with Nifty below 5700 amidst weakness in Rupee against Dollar. In late noon deals,
benchmarks trimmed some losses and ended off day’s lows. Among BSE sectorials, metals shined followed by Teck
amid announcements of quarterly earnings by major companies of both the indices.
On global front, US markets ended on a flat note, as economic news remained mixed and hardly gave any cue to the
markets. European markets traded in green zone whereas Asian indices were languishing in red due to selling
pressure of investors.
Back home, despite RBI’s measures, the domestic currency breached 61 and depreciated near all-time low of
61.21/USD. Investors were concerned whether the banking regulator would be able to save the sinking currency with
its existing measures unless policy makers take additional steps.
On bullion front, Gold surpassed the 29K milestone to hit an intraday high of Rs 29010 per 10 gms in futures trade for
August series.
On stock specific front, SpiceJet had hit a fresh 52 week low at Rs 24.15 on BSE on the reports of plans of Emirates
Airlines acquire 15-20% stake in the company. But, Emirates has denied any stake buy talks with Spicejet. The stock
closed 0.92% on BSE. (Read More)
Key Quarterly Results
Bharti Airtel soared 7.30% on BSE on getting nod for sale/transfer of its Data Centre undertaking (Business) by way of
slump sale to its newly incorporated wholly owned subsidiary Nxtra Data. However, the company has reported 34.77%
fall in Q1 Net at Rs 958.80 crore as compared to Rs 1470 crore YoY. On the consolidated basis, the group registered
a fall of 9.62% in Net at Rs 688.90 crore for the quarter as compared to Rs 762.20 crore on YoY basis. (Result)
Jindal Steel and Power's Net spiked 1823% in Q1 at Rs 238.86 crore. On consolidated front, company 28.27% rise for
the quarter at Rs 494.28 crore. The stock closed 1.31% down on BSE. (Featured Result)
ICICI Bank plunged 1.86% on BSE despite its Gross non-performing assets (NPAs) improving to 3.23% in Q1FY14 as
against 3.54% on YoY basis. However, Net profit grew 25.30% in Q1 at Rs 2274.21 crore as compared to Rs 1815.05
crore for the same quarter in the previous year. (Result)
JSW Steel had hit a fresh 52 week low at Rs 515.20 on BSE as the company posted a Net loss of Rs 220.76 crore in
Q1FY14 against Net profit of Rs 269 crore for the June quarter of the previous year. On consolidated basis, the Group
reported Net loss of Rs 381.82 crore as compared to Net profit of Rs 49.65 crore for the Q1FY13. However,
Company’s total income grew by 3.52% at Rs 9430.41 crore for the quarter. The stock spurted 5.96% on BSE at close.
(Result)
Technology major, HCL Technologies jumped 3.52% on BSE on posting over 2-fold jump in Q4FY13 Net at Rs
1447.21 crore as compared to Rs 658.75 crore for the same quarter in the previous year. The company registered a
growth of 90% in its Annual Net Profit for the year ended June 30, 2013. The company has been a star performer
among peers by registering handsome growth quarter after quarters. (Result)
The market breadth on the BSE closed in negative. Advancing and declining stocks were 853 and 1427 respectively,
while 141 scrips remained unmoved.
The S&P BSE Sensex ended at 19345.70, down 2.64 points or 0.01%. The 30 share index touched a high and a low
of 19387.50 and 19126.82 respectively. 16 stocks advanced against 14 declining ones on the benchmark index.
The CNX Nifty lost 13.05 points or 0.23% to settle at 5742.00. The index touched high and low of 5752.10 and
5675.75 respectively. 24 stocks advanced against 26 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 5543.13 and lost 0.87% while S&P BSE Small-cap index hammered
down by 0.92% to 5311.06.

2. The broader S&P BSE 500 index decreased to 6985.56 (down 0.20%) and CNX 500 index declined to 4379.65 (down
0.24%).
The volatility as denoted by INDIA VIX gained 3.59% at 18.77 from its previous close of 18.12 on Tuesday.
Sectors in action
On the BSE Sectorial front, Metals (up 2.39%), Oil & Gas (up 1.88%) and Information Technology (up 1.29%) were the
top gainers.
Real Estate (down 2.30%), FMCG (down 2.26%) and Banks (down 1.84%) were the top losers.
The Angels and the Devils
Bharti Airtel Ltd (up 7.30%), Dr. Reddys Laboratories Ltd (up 4.73%), Hindalco Industries Ltd (up 4.34%), Wipro Ltd
(up 4.18%) and Bharat Heavy Electricals Ltd (up 3.67%) were the top gainers on the Sensex.
NTPC Ltd (down 5.33%), HDFC Bank (down 2.54%), ITC Ltd (down 2.52%), Hindustan Unilever Ltd (down 1.97%)
and Cipla Ltd (down 1.87%) were the top losers on the Sensex.
Benchmark Drivers
ITC Ltd (-57.76 points), Bharti Airtel Ltd (38.71 points), HDFC Bank (-35.85 points), Reliance Industries Ltd (26.72
points) and ICICI Bank (-23.49 points) were the major Sensex drivers today.
On the other end ITC Ltd (-14.77 points), Bharti Airtel Ltd (9.82 points), HDFC Bank (-8.94 points), Reliance Industries
Ltd (7.83 points) and ICICI Bank (-5.89 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5723 for next session. The next support is at 5694 and on upside it has a resistance at
5771 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
01-Aug-2013 5618 5647 5694 5723 5771 5800 5847 -
31-Jul-2013 5601 5674 5715 5788 5828 5902 5942 5742.00
30-Jul-2013 5749 5788 5810 5848 5870 5908 5930 5755.05
S&P BSE Sensex has a pivot at 19287 with first level of support and resistance at 19186 and 19447 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
01-Aug-2013 18925 19026 19186 19287 19447 19547 19707 -
31-Jul-2013 18883 19106 19227 19450 19571 19794 19915 19345.70
30-Jul-2013 19346 19458 19526 19638 19706 19819 19886 19348.34
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