Indian stock indices closed lower amidst negative global cues, with the Sensex and Nifty dropping by about 0.5%. Realty sector stood out by gaining over 5%, while financial stocks, including HDFC, fell due to downgrades from Morgan Stanley. Despite the overall bearish trend, the mid-cap and small-cap indices saw positive movements, and volatility decreased slightly.

1. Markets end in red on soft global cues; Realty up 5%
Market Summary
07-Aug-2013
Following a cautious start, Indian indices dipped in red zone on pessimistic global cues. Benchmarks witnessed highly
volatile moves and finally closed in red. Both Sensex and Nifty lost about half a percent. Among BSE sectorials, Realty
was the star performer and gained over 5% in otherwise bearish market. IT topped the laggards.
On global front, US indices dropped as a Fed official hinted for tapering down of the asset purchases later this year.
Tracking U.S. developments, Asian and European markets also sank in negative terrain.
Back home, Financial Technologies soared 5.62% on BSE after National Spot Exchange (NSEL) disclosed stock
position as on July 31 and exposed names of the borrowers.
HDFC and HDFC Bank plunged 2.95% and 1.07% respectively on BSE after the renowned global research house
Morgan Stanley has cut weight of these stocks in its Asian model portfolio. The brokerage house reduced combined
weight of HDFC and HDFC Bank to 10% from 25%.
Jet Airways made a fresh 52 week low at Rs 301.85 and subsequently surged 4% at close on clues of completing the
deal with Etihad by the end of this month.
Key Quarterly Results
Tata Motors tanked 2.96% on BSE as consolidated Q1 Net plunges 23.11% to Rs 1726.07 crore as against Rs
2244.91 crore year on year. However on standalone basis, the company has posted 242.49% spike in Q1 net at Rs
703.26 crore for the quarter as compared to Rs 205.34 crore for the same quarter in the previous year. (Featured
Result)
Lupin tumbled 6.50% on BSE on reporting lower than expected rise of 14.92% in Q1FY14 at Rs 410.55 crore as
compared to Rs 357.23 crore year on year. On consolidated basis, the Group’s net registered 43.03% jump at Rs
401.06 crore for the quarter as compared to Rs 280.39 crore for the same quarter in previous year. (Result)
NMDC spurted 5.38% on BSE despite posting 17.51% fall in Q1 Net at Rs 1572.19 crore as compared to Rs 1906
crore for the same quarter in the previous year. (Result)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1277 and 1077 respectively,
while 149 scrips remained unmoved.
The S&P BSE Sensex ended at 18664.88, down 68.16 points or 0.36%. The 30 share index touched a high and a
low of 18811.46 and 18551.35 respectively. 15 stocks advanced against 15 declining ones on the benchmark index.
The CNX Nifty lost 23.15 points or 0.42% to settle at 5519.10. The index touched high and low of 5561.45 and
5486.85 respectively. 28 stocks advanced against 22 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 5337.47 and gained 0.67% while S&P BSE Small-cap index jumped up by
1.27% to 5165.97.
The broader S&P BSE 500 index increased to 6727.28 (up 0.03%) and CNX 500 index declined to 4213.85 (down
0.01%).
The volatility as denoted by INDIA VIX lost 3.04% at 22.04 from its previous close of 22.73 on Tuesday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 5.04%), Metals (up 3.31%) and Power (up 2.82%) were the top gainers.
Information Technology (down 1.60%), Automobile (down 1.46%) and FMCG (down 1.37%) were the top losers.
The Angels and the Devils
Tata Power Company Ltd (up 7.85%), Sterlite Industries (India) Ltd (up 5.04%), Tata Steel Ltd (up 4.58%), State Bank

2. Tata Power Company Ltd (up 7.85%), Sterlite Industries (India) Ltd (up 5.04%), Tata Steel Ltd (up 4.58%), State Bank
of India (up 4.44%) and Jindal Steel and Power Ltd (up 4.30%) were the top gainers on the Sensex.
Tata Motors Ltd (down 2.96%), Housing Development Finance Corporation Ltd (down 2.95%), Tata Consultancy
Services Ltd (down 2.72%), Sun Pharmaceutical Industries Ltd (down 2.56%) and ITC Ltd (down 2.30%) were the top
losers on the Sensex.
Benchmark Drivers
Reliance Industries Ltd (64.13 points), ITC Ltd (-49.60 points), Housing Development Finance Corporation Ltd (-38.59
points), Tata Consultancy Services Ltd (-35.20 points) and State Bank of India (26.44 points) were the major Sensex
drivers today.
On the other end Reliance Industries Ltd (11.91 points), ITC Ltd (-9.96 points), Housing Development Finance
Corporation Ltd (-9.88 points), State Bank of India (5.36 points) and Tata Consultancy Services Ltd (-4.40 points) were
the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5522 for next session. The next support is at 5483 and on upside it has a resistance at
5558 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
08-Aug-2013 5409 5448 5483 5522 5558 5597 5633 -
07-Aug-2013 5345 5433 5488 5576 5631 5719 5774 5519.10
06-Aug-2013 5598 5630 5658 5689 5717 5749 5777 5542.25
S&P BSE Sensex has a pivot at 18676 with first level of support and resistance at 18540 and 18800 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
08-Aug-2013 18280 18416 18540 18676 18800 18936 19061 -
07-Aug-2013 18092 18379 18556 18844 19021 19309 19486 18664.88
06-Aug-2013 18949 19045 19114 19210 19279 19375 19443 18733.04
Follow us on This content is generated at www.finalaya.com and is governed by the Terms of Use.