Following a marginally negative start amid sluggish global cues, Indian Indices were slaughtered on Rupee crashing to a new record low. The carnage on D-street culminated with Sensex shedding over 450 points to breach 19K mark and Nifty plunging below 5600. Both front line gauges were trading at deep discounts to their respective 200 DMAs at close. Among BSE sectorials, Consumer Durables was the top laggard followed by Realty.

1. Carnage on D-street as Rupee breaches 62 mark
Market Summary
06-Aug-2013
Following a marginally negative start amid sluggish global cues, Indian Indices were slaughtered on Rupee crashing to
a new record low. The carnage on D-street culminated with Sensex shedding over 450 points to breach 19K mark and
Nifty plunging below 5600. Both front line gauges were trading at deep discounts to their respective 200 DMAs at
close. Among BSE sectorials, Consumer Durables was the top laggard followed by Realty.
On global front, US markets inched lower on Fed official’s remarks that the central bank is closer to curbing its asset
purchases. Asian indices also traded mostly in red whereas European markets traded on mixed note.
Back home, despite RBI’s efforts to curb sinking Rupee, the currency continued the southward journey and hit a fresh
record low at Rs 61.87/USD in spot trades. In future trades, INR has crossed the 62 mark to hit an all-time low of Rs
62.1150 per USD. Sinking rupee shivered the rate sensitive counters on fears that RBI will step in with further steps to
cut liquidity.
Amidst tumbling domestic currency, rising inflation and widening Current Account Deficit (CAD), the tough task of
Central Bank’s Governorship is being taken over by erstwhile chief economic advisor Mr. Raghuram Rajan. Present
Governor Mr. D Subbaro will retire in September this year.
Foreign direct investment (FDI) in the country surged 24.2% to $3.95 billion in April-May 2013 as against $3.18 billion
for the same period of previous year. The high FDI inflows came majorly from Singapore, Mauritius, the Netherlands
and the US. (Read More)
Financial technologies tanked 19.60% further on BSE as Government banned e-series contracts on National Spot
Exchange Limited (NSEL). Earlier on July 31, NSEL suspended trade in all contracts except e-series on violating some
rules.
Tata Power crashed 14.34% on BSE to hit a fresh low of Rs 68.25 on reporting consolidated Net loss of Rs 114.70
crore for Q1FY14 as against Net profit of Rs 145.93 for the same quarter in previous year. On standalone basis, the
company has reported a rise of 14.31% in Q1FY14 Net at Rs 357.00 crore as compared to Rs 312.30 crore year on
year. (Featured Result)
Crompton Greaves surged 3.66% on BSE on registering 3.63% growth in Q1 Net at Rs 124.63 crore as compared to
Rs 120.27 crore for the same quarter in the previous year. However, on the consolidated basis, the group registered a
fall of 30.06% in its at Rs 60.08 crore for the quarter as compared to Rs 85.90 crore year on year. (Result)
The market breadth on the BSE closed in negative. Advancing and declining stocks were 687 and 1635 respectively,
while 125 scrips remained unmoved.
The S&P BSE Sensex ended at 18733.04, down 449.22 points or 2.34%. The 30 share index touched a high and a
low of 19131.92 and 18667.30 respectively. 3 stocks advanced against 26 declining ones on the benchmark index.
The CNX Nifty lost 143.15 points or 2.52% to settle at 5542.25. The index touched high and low of 5664.90 and
5521.80 respectively. 4 stocks advanced against 46 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 5301.78 and lost 2.60% while S&P BSE Small-cap index hammered
down by 1.78% to 5101.24.
The broader S&P BSE 500 index decreased to 6725.54 (down 2.50%) and CNX 500 index declined to 4214.15 (down
2.53%).
The volatility as denoted by INDIA VIX gained 9.28% at 22.73 from its previous close of 20.80 on Monday.
Sectors in action
Consumer Durables (down 5.55%), Real Estate (down 4.45%) and Banks (down 3.90%) were the top losers.There
was no gainer among BSE sectorials.

2. The Angels and the Devils
Tata Motors Ltd (up 0.98%), Wipro Ltd (up 0.52%) and Tata Consultancy Services Ltd (up 0.29%) were the top
gainers on the Sensex.
Tata Power Company Ltd (down 14.34%), Bharat Heavy Electricals Ltd (down 6.95%), Sterlite Industries (India) Ltd
(down 5.31%), Housing Development Finance Corporation Ltd (down 5.09%) and Tata Steel Ltd (down 4.91%) were
the top losers on the Sensex.
Benchmark Drivers
Housing Development Finance Corporation Ltd (-70.82 points), HDFC Bank (-58.52 points), ICICI Bank (-53.99 points),
Reliance Industries Ltd (-43.80 points) and ITC Ltd (-37.20 points) were the major Sensex drivers today.
On the other end Housing Development Finance Corporation Ltd (-20.86 points), HDFC Bank (-13.79 points), ICICI
Bank (-12.50 points), Reliance Industries Ltd (-10.92 points) and ITC Ltd (-8.55 points) were the major Nifty movers
today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5576 for next session. The next support is at 5488 and on upside it has a resistance at
5631 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
07-Aug-2013 5345 5433 5488 5576 5631 5719 5774 -
06-Aug-2013 5598 5630 5658 5689 5717 5749 5777 5542.25
05-Aug-2013 5518 5583 5631 5696 5744 5809 5856 5685.40
S&P BSE Sensex has a pivot at 18844 with first level of support and resistance at 18556 and 19021 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
07-Aug-2013 18092 18379 18556 18844 19021 19309 19486 -
06-Aug-2013 18949 19045 19114 19210 19279 19375 19443 18733.04
05-Aug-2013 18638 18858 19011 19231 19384 19604 19757 19182.26
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