Markets snap 3-day losing streak; benchmarks end flat with positive bias

1. Markets snap 3-day losing streak; benchmarks end flat with positive bias
Market Summary
05-Jun-2013
Tracking sluggish global cues, Indian indices opened marginally down and remained choppy in range bound trades. In
afternoon session, markets bounced back and moved upwards in green zone. Both key benchmarks ended flat with
positive bias. On sectorial front, Oil & Gas was the top gainer whereas IT was the top laggard.
Globally, US markets plunged on worries over Fed stimulus and trade deficit. Asian and European Indices also traded
in negative terrain.
Back home, the HSBC services Purchasing Managers’ Index (PMI) surged to three months high at 53.6 in May as
against 50.7 in April. (News)
The Union Cabinet on Tuesday approved long pending real estate regulator which will ensure the mandatory
registration of every project with the regulator before selling any immovable property. Realty sector jumped 1.35% with
DLF gaining 3.16% on BSE.
Further on macro front, to contain the widening Current Account Deficit (CAD), RBI has imposed the restrictions on
gold import to other agencies in addition to banks. CAD had hit a record high of 6.7% GDP in Q3FY13. (News)
Just Dial listed today at Rs 590 which is 15% higher against the issue price of Rs 530. The debutant hit a high of Rs
631.90 and a low of Rs 589 before ending at Rs 611.45 on BSE.
Reliance Industries surged 2.56% on BSE ahead of its Annual General Meeting tomorrow. The stock was the top
gainer on Sensex.
Goodyear India soared 19.99% as the company reportedly trying to delist its subsidiary yet again and is in advance
stages of finalizing the deal. (News)
Ruchi Soya jumped 3.07% on BSE as the company is planning to re-enter in soya milk segment. (News)
T he market breadth on the BSE closed in negative. Advancing and declining stocks were 1116 and 1282
respectively, while 154 scrips remained unmoved.
The S&P BSE Sensex ended at 19568.22, up 22.44 points or 0.11%. The 30 share index touched a high and a low of
19604.43 and 19441.35 respectively. 18 stocks advanced against 12 declining ones on the benchmark index.
The CNX Nifty gained 4.40 points or 0.07% to settle at 5923.85. The index touched high and low of 5935.20 and
5883.70 respectively. 25 stocks advanced against 25 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 6416.51 and gained 0.06% while S&P BSE Small-cap index jumped up by
0.12% to 5959.49.
The broader S&P BSE 500 index increased to 7403.22 (up 0.07%) and CNX 500 index rose to 4656.50 (up 0.08%).
The volatility as denoted by INDIA VIX lost 2.78% at 16.78 from its previous close of 17.26 on Tuesday.
Sectors in action
On the BSE Sectorial front, Oil & Gas (up 1.77%), Real Estate (up 1.35%) and Metals (up 0.40%) were the top
gainers.
Information Technology (down 0.76%), FMCG (down 0.50%) and Consumer Durables (down 0.45%) were the top
losers.
The Angels and the Devils
Reliance Industries Ltd (up 2.56%), Oil and Natural Gas Corporation Ltd (up 1.95%), Sun Pharmaceutical Industries
Ltd (up 1.91%), Hindalco Industries Ltd (up 1.34%) and Maruti Suzuki India Ltd (up 1.28%) were the top gainers on the
Sensex.

2. Wipro Ltd (down 1.59%), Infosys Ltd (down 1.32%), Housing Development Finance Corporation Ltd (down 1.23%),
ITC Ltd (down 0.93%) and Bharti Airtel Ltd (down 0.69%) were the top losers on the Sensex.
Benchmark Drivers
Reliance Industries Ltd (42.25 points), ITC Ltd (-20.73 points), Infosys Ltd (-19.14 points), Housing Development
Finance Corporation Ltd (-18.38 points) and Oil and Natural Gas Corporation Ltd (12.62 points) were the major Sensex
drivers today.
On the other end Reliance Industries Ltd (11.64 points), ITC Ltd (-5.48 points), Infosys Ltd (-5.07 points), Housing
Development Finance Corporation Ltd (-4.50 points) and Oil and Natural Gas Corporation Ltd (3.29 points) were the
major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5914 for next session. The next support is at 5893 and on upside it has a resistance at
5945 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
06-Jun-2013 5842 5863 5893 5914 5945 5966 5996 -
05-Jun-2013 5821 5866 5893 5937 5964 6008 6035 5923.85
04-Jun-2013 5805 5861 5900 5956 5995 6050 6089 5919.45
S&P BSE Sensex has a pivot at 19538 with first level of support and resistance at 19472 and 19635 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
06-Jun-2013 19308 19375 19472 19538 19635 19701 19798 -
05-Jun-2013 19244 19383 19465 19604 19685 19824 19905 19568.22
04-Jun-2013 19163 19353 19482 19671 19800 19989 20118 19545.78
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