The Indian stock indices opened higher but later declined, closing lower due to profit booking. The Sensex ended 80 points lower while the Nifty lost 0.61%. IT stocks gained while rate sensitive stocks declined. TCS and Infosys were among the top Sensex gainers while SBI, Sesa Sterlite, and HDFC were among the top losers.

1. Sensex ends 80 points lower on profit booking; IT counters gain
Shrugging off global cues, the Indian indices started in green buoyed with Finance Minister P Chidambaram’s comment
that India’s current account deficit (CAD) can be contained below USD 60 billion. However profit taking at higher levels
took over the reigns post 11 AM causing benchmarks to reverse the direction. Markets finally close in red near day’s
low levels with Nifty losing 0.61%. On the Sectorial front, IT stocks clocked the highest gains as global IT giant,
Cognizant Technology Solutions Corp reported a better-than- expected 22 percent rise in its topline. On the flip side,
rate sensitives counters were heavily beaten down on the street.
On stock specific front, Bharat Heavy Electricals Ltd (BHEL) closed 1.30% down on BSE after reporting 64.22% fall in
its Q2 net profit at Rs 455.95 Cr. (Featured Result)
ABB rallied 2.52% on BSE as the Net Profit rose 78% in September Quarter at Rs 38.07 Cr as compared to Rs 21.37
Cr for the same quarter in the previous year.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1354 and 1175 respectively,
while 157 scrips remained unmoved.
The S&P BSE Sensex ended at 20894.94, down 79.85 points or 0.38%. The 30 share index touched a high and a
low of 21045.38 and 20861.42 respectively. 10 stocks advanced against 20 declining ones on the benchmark index.
The CNX Nifty lost 38.00 points or 0.61% to settle at 6215.15. The index touched high and low of 6269.70 and
6208.70 respectively. 12 stocks advanced against 38 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved down to 6287.50 and lost 0.17% while S&P BSE Small-cap index jumped up by
0.76% to 6099.74.
The broader S&P BSE 500 index decreased to 7636.33 (down 0.43%) and CNX 500 index declined to 4784.65 (down
0.49%).
The volatility as denoted by INDIA VIX gained 1.55% at 20.25 from its previous close of 19.94 on Tuesday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 1.39%), Power (up 1.23%) and Healthcare (up 0.86%) were
the top gainers.
Consumer Durables (down 2.19%), Banks (down 1.87%) and Real Estate (down 1.80%) were the top losers.
The Angels and the Devils
NTPC Ltd (up 3.50%), Tata Consultancy Services Ltd (up 2.43%), Sun Pharmaceutical Industries Ltd (up 1.74%),
Infosys Ltd (up 1.25%) and Cipla Ltd (up 0.94%) were the top gainers on the Sensex.
State Bank of India (down 3.40%), Sesa Sterlite Ltd (down 2.50%), Jindal Steel and Power Ltd (down 2.01%),
Hindalco Industries Ltd (down 1.87%) and Housing Development Finance Corporation Ltd (down 1.54%) were the top
losers on the Sensex.
Benchmark Drivers
Tata Consultancy Services Ltd (34.14 points), Infosys Ltd (23.39 points), Housing Development Finance Corporation
Ltd (-22.95 points), State Bank of India (-22.91 points) and Reliance Industries Ltd (-21.52 points) were the major
Sensex drivers today.
On the other end Housing Development Finance Corporation Ltd (-8.80 points), Tata Consultancy Services Ltd (8.36
points), State Bank of India (-5.93 points), Reliance Industries Ltd (-5.72 points) and Infosys Ltd (5.70 points) were the
major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6231 for next session. The next support is at 6193 and on upside it has a resistance at
6254 levels.

2. CNX Nifty
Eff. Date
07-Nov-2013
06-Nov-2013
05-Nov-2013
S3
6132
6170
6273
S2
6170
6207
6292
S1
6193
6230
6305
PIVOT
6231
6267
6324
R1
6254
6290
6336
R2
6292
6328
6356
R3
6315
6351
6368
Actual Close
6215.15
6253.15
S&P BSE Sensex has a pivot at 20934 with first level of support and resistance at 20822 and 21006 respectively.
S&P BSE Sensex
Eff. Date
07-Nov-2013
06-Nov-2013
05-Nov-2013
S3
20638
20691
21085
Follow us on
S2
20750
20822
21149
S1
20822
20898
21194
PIVOT
20934
21028
21258
R1
21006
21105
21303
R2
21118
21235
21367
R3
21190
21312
21412
Actual Close
20894.94
20974.79
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