The Indian equity markets ended lower, with the Nifty closing below 5700 points. Metals stocks declined significantly, with MMTC falling 9% after the government announced plans to sell a 9.33% stake in the company. Overall market sentiment was weak, with advancing stocks well below declining stocks. Key indices like the Sensex and Nifty closed down around 0.2-0.4% amid weak global cues.

1. Choppy markets end in red; MMTC down 9%
Market Summary
04-Mar-2013
Indian Equity Benchmarks opened on a flat note amid weak global cues and fell thereafter to stay in red zone through
rest of the day. Nifty closed below 5700. S&P Metal (down 2.54%) was the top loser among BSE sectorial with
Advance to decline ratio of 10:1. The index today touched its four year low at 8898.52 on intraday basis. The top three
Sensex loser were from Metals sector evincing bear run for the sector.
State run, MMTC touched fresh 52 week low at Rs 366.65 and closed 9.22% down on BSE on reports of Government
selling 9.33% stake in the company via offer for sale (OFS) route. (News)
Bajaj Auto closed 1.97% down on BSE after registering 3% drop in February 2013 sales. (News)
Blue Star closed 1.16% down on BSE despite reporting 116% jump in Q3 Net Profit at Rs 53.70 million. (Featured
Result)
The market breadth on the BSE closed in negative. Advancing and declining stocks were 886 and 2002 respectively,
while 113 scrips remained unmoved.
The S&P BSE Sensex ended at 18877.96, down 40.56 points or 0.21%. The 30 share index touched a high and a
low of 18930.86 and 18760.41 respectively. 11 stocks advanced against 18 declining ones on the benchmark index.
The CNX Nifty lost 21.20 points or 0.37% to settle at 5698.50. The index touched high and low of 5712.00 and
5663.60 respectively. 16 stocks advanced against 34 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 6234.35 and lost 1.37% while S&P BSE Small-cap index hammered
down by 1.89% to 6078.12.
The broader S&P BSE 500 index decreased to 7139.63 (down 0.68%) and CNX 500 index declined to 4470.15 (down
0.66%).
The volatility as denoted by INDIA VIX lost 2.77% at 13.67 from its previous close of 14.06 on Friday.
Sectors in action
On the BSE Sectorial front, Banks (up 0.27%) was the top gainer.
Metals (down 2.54%), Real Estate (down 2.25%) and Consumer Durables (down 2.15%) were the top losers.
The Angels and the Devils
Dr. Reddys Laboratories Ltd (up 1.52%), Bharti Airtel Ltd (up 1.46%), HDFC Bank (up 0.94%), Tata Consultancy
Services Ltd (up 0.71%) and ITC Ltd (up 0.69%) were the top gainers on the Sensex.
Hindalco Industries Ltd (down 4.55%), Jindal Steel and Power Ltd (down 4.26%), Sterlite Industries (India) Ltd (down
2.74%), Hindustan Unilever Ltd (down 2.63%) and Larsen And Toubro Ltd (down 2.52%) were the top losers on the
Sensex.
Benchmark Drivers
Larsen And Toubro Ltd (-23.25 points), Hindustan Unilever Ltd (-15.31 points), HDFC Bank (13.19 points), ITC Ltd
(13.13 points) and Housing Development Finance Corporation Ltd (-9.15 points) were the major Sensex drivers today.
On the other end Larsen And Toubro Ltd (-5.93 points), Hindustan Unilever Ltd (-3.84 points), HDFC Bank (2.93
points), ITC Ltd (2.07 points) and Jindal Steel and Power Ltd (-2.01 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5691 for next session. The next support is at 5671 and on upside it has a resistance at
5719 levels.

2. CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
05-Mar-2013 5622 5643 5671 5691 5719 5740 5768 -
04-Mar-2013 5627 5653 5687 5713 5746 5773 5806 5698.50
01-Mar-2013 5449 5560 5627 5738 5805 5916 5983 5719.70
S&P BSE Sensex has a pivot at 18856 with first level of support and resistance at 18782 and 18952 respectively.
S&P BSE Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
05-Mar-2013 18612 18686 18782 18856 18952 19027 19123 -
04-Mar-2013 18662 18741 18830 18909 18998 19078 19166 18877.96
01-Mar-2013 18135 18464 18663 18993 19191 19521 19720 18918.52
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