Choppy markets end in red; Nifty nears 5900

1. Choppy markets end in red; Nifty nears 5900
Market Summary
04-Jun-2013
Indian equity markets witnessed a choppy session today. Starting flat, benchmarks strengthened up move but
subsequently plunged in the late afternoon deals to end near day’s low levels. Both Sensex and Nifty fell 0.33%. Nifty
ended near 5900 mark.
Globally, US and European indices mostly traded in green whereas Asian indices were traded on a mixed note.
Back home, telecom major, Idea cellular spurted 3.96% on BSE on hiking 3G roaming data rate to 10 paise from 7
paise per 10 kb in Kerala. The company has also increased 2G pre-paid local, national roaming data rates. (News)
JSW Steel shined 2.28% on BSE on accomplishing merger of the company with JSW Ispat Steel which came into
effect from June 1. After this merger, JSW Steel has become the second largest steel producer in the country. (News)
Mastek Ltd surged 4.24% on BSE despite the stake sale of 3.99 lakh shares at an average price of Rs 125 by Bajaj
Allianz Life Insurance Company via bulk deals. (News)
Bata India soared 6.61% on BSE ahead of its AGM today. Research house, Motilal Oswal has given a “buy” rating to
the stock with a target price of Rs 975 per share.
T he market breadth on the BSE closed in negative. Advancing and declining stocks were 1158 and 1233
respectively, while 166 scrips remained unmoved.
The S&P BSE Sensex ended at 19545.78, down 64.70 points or 0.33%. The 30 share index touched a high and a
low of 19742.70 and 19522.47 respectively. 14 stocks advanced against 16 declining ones on the benchmark index.
The CNX Nifty lost 19.85 points or 0.33% to settle at 5919.45. The index touched high and low of 5981.60 and
5910.25 respectively. 21 stocks advanced against 29 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 6412.43 and gained 0.10% while S&P BSE Small-cap index jumped up by
0.27% to 5952.22.
The broader S&P BSE 500 index decreased to 7398.23 (down 0.13%) and CNX 500 index declined to 4652.55 (down
0.14%).
The volatility as denoted by INDIA VIX lost 0.17% at 17.26 from its previous close of 17.29 on Monday.
Sectors in action
On the BSE Sectorial front, Healthcare (up 1.88%), Capital Goods (up 0.77%) and Power (up 0.44%) were the top
gainers.
Consumer Durables (down 1.34%), Banks (down 0.95%) and Real Estate (down 0.86%) were the top losers.
The Angels and the Devils
Dr. Reddys Laboratories Ltd (up 1.88%), Cipla Ltd (up 1.83%), Wipro Ltd (up 1.60%), Larsen And Toubro Ltd (up
1.56%) and Mahindra and Mahindra Ltd (up 1.13%) were the top gainers on the Sensex.
Tata Motors Ltd (down 2.34%), State Bank of India (down 2.11%), Jindal Steel and Power Ltd (down 1.98%), Housing
Development Finance Corporation Ltd (down 1.61%) and Sterlite Industries (India) Ltd (down 1.40%) were the top
losers on the Sensex.
Benchmark Drivers
Housing Development Finance Corporation Ltd (-24.30 points), State Bank of India (-16.01 points), Reliance Industries
Ltd (-15.88 points), Tata Motors Ltd (-15.40 points) and Larsen And Toubro Ltd (14.27 points) were the major Sensex
drivers today.
On the other end Housing Development Finance Corporation Ltd (-6.52 points), Tata Motors Ltd (-4.20 points),

2. On the other end Housing Development Finance Corporation Ltd (-6.52 points), Tata Motors Ltd (-4.20 points),
Reliance Industries Ltd (-4.11 points), State Bank of India (-3.85 points) and Larsen And Toubro Ltd (3.69 points) were
the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5937 for next session. The next support is at 5893 and on upside it has a resistance at
5964 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
05-Jun-2013 5821 5866 5893 5937 5964 6008 6035 -
04-Jun-2013 5805 5861 5900 5956 5995 6050 6089 5919.45
03-Jun-2013 5808 5892 5939 6023 6070 6153 6200 5939.30
S&P BSE Sensex has a pivot at 19604 with first level of support and resistance at 19465 and 19685 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
05-Jun-2013 19244 19383 19465 19604 19685 19824 19905 -
04-Jun-2013 19163 19353 19482 19671 19800 19989 20118 19545.78
03-Jun-2013 19136 19433 19597 19894 20058 20355 20518 19610.48
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