Indian markets started jubilant as exit polls predicted BJP victory in 3 out of 5 states for which the poll results are scheduled to be declared on December 8. The benchmarks pared some of the gains as the day progressed but the underlying tone was bullish. The market participants are banking on Narendra Modi led saffron party to bail out economy from "policy paralysis". Nifty closed the day with handsome gains of 1.3%. Financials and Capital Goods topped the charts among BSE sectorial counters.

1. Markets zoom as exit polls favor BJP in assembly elections
Market Snapshot | 05-12-2013 04:20 PM
Indian markets started jubilant as exit polls predicted BJP victory in 3 out of 5 states for which the poll results are
scheduled to be declared on December 8. The benchmarks pared some of the gains as the day progressed but the
underlying tone was bullish. The market participants are banking on Narendra Modi led saffron party to bail out
economy from "policy paralysis". Nifty closed the day with handsome gains of 1.3%. Financials and Capital Goods
topped the charts among BSE sectorial counters.
Globally US and Asian indices closed mostly in red on fed taper worries, whereas European markets were trading
mixed.
On stock specific front, Pharmaceutical bellwether, Pfizer tanked 24.75% on BSE as the company declared an interim
dividend of Rs 360 per share to its shareholders. Wyeth also tumbled 16.39% on BSE on declaring an interim dividend
of Rs 145 per share.
Jubilant Life Sciences plummeted 10% on BSE as the company’s arm received warning letter from USFDA for its
manufacturing facilities located at Spokane, Washington State, US.
Jindal Steel & Power Ltd soared 1.27% on BSE as the company is reportedly planning to add 1800 MW power by end
of FY14. (Read More)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1312 and 1279 respectively,
while 178 scrips remained unmoved.
The S&P BSE Sensex ended at 20957.81, up 249.10 points or 1.20%. The 30 share index touched a high and a low
of 21165.60 and 20929.20 respectively. 20 stocks advanced against 10 declining ones on the benchmark index.
The CNX Nifty gained 80.15 points or 1.30% to settle at 6241.10. The index touched high and low of 6300.55 and
6232.00 respectively. 35 stocks advanced against 15 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved up to 6357.73 and gained 0.13% while S&P BSE Small-cap index jumped up by
0.39% to 6203.00.
The broader S&P BSE 500 index increased to 7668.23 (up 0.99%) and CNX 500 index rose to 4815.00 (up 1.06%).
The volatility as denoted by INDIA VIX lost 8.56% at 21.68 from its previous close of 23.71 on Wednesday.
Sectors in action
On the BSE Sectorial front, Banks (up 4.44%), Capital Goods (up 3.59%) and Real Estate (up 1.48%) were the top
gainers.
Healthcare (down 1.47%), FMCG (down 0.94%) and Information Technology (down 0.51%) were the top losers.
The Angels and the Devils
ICICI Bank (up 6.66%), HDFC Bank (up 4.52%), Larsen And Toubro Ltd (up 4.49%), Bharat Heavy Electricals Ltd (up
3.93%) and Maruti Suzuki India Ltd (up 3.67%) were the top gainers on the Sensex.
Sun Pharmaceutical Industries Ltd (down 2.24%), Dr. Reddys Laboratories Ltd (down 1.52%), ITC Ltd (down 1.39%),
NTPC Ltd (down 0.96%) and Hindustan Unilever Ltd (down 0.90%) were the top losers on the Sensex.
Benchmark Drivers
ICICI Bank (96.65 points), HDFC Bank (67.16 points), Larsen And Toubro Ltd (45.84 points), ITC Ltd (-28.46 points)
and Reliance Industries Ltd (28.41 points) were the major Sensex drivers today.
On the other end ICICI Bank (23.30 points), HDFC Bank (16.92 points), Larsen And Toubro Ltd (11.40 points),
Reliance Industries Ltd (7.70 points) and ITC Ltd (-6.59 points) were the major Nifty movers today.

2. Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6258 for next session. The next support is at 6215 and on upside it has a resistance at
6284 levels.
CNX Nifty
Eff. Date
06-Dec-2013
05-Dec-2013
04-Dec-2013
S3
6147
6078
6153
S2
6189
6114
6172
S1
6215
6138
6187
PIVOT
6258
6173
6206
R1
6284
6197
6221
R2
6326
6233
6240
R3
6352
6256
6255
Actual Close
6241.10
6160.95
S&P BSE Sensex has a pivot at 21018 with first level of support and resistance at 20869 and 21106 respectively.
S&P BSE Sensex
Eff. Date
06-Dec-2013
05-Dec-2013
04-Dec-2013
S3
20633
20444
20697
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S2
20781
20559
20757
S1
20869
20634
20806
PIVOT
21018
20749
20867
R1
21106
20824
20915
R2
21254
20938
20976
R3
21342
21013
21025
Actual Close
20957.81
20708.71
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