1. Benchmarks end lower for fourth straight day on weak global cues
Tracking pessimistic global cues, Indian equity indices started marginally in red with Nifty at 6170. Choppy benchmarks
plummeted further as bears retained their hold on D-Street amidst investor selling pressure. Markets ended lower for
the fourth straight session after Diwali Muhurat trading. Among BSE sectorial indices, Consumer Durables was the top
laggards followed by Bankex.
On global front, US indices plunged on renewed concerns of Fed tapering on faster US economic growth. Asian and
European indices too sagged on weak lead from US markets.
Back home, PSU major, Power Grid Corporation of India shined 0.90% on BSE as Cabinet Committee on Economic
Affairs (CCEA) approved the proposal of Follow on Public Offer (FPO) of 17% shares of existing paid-up capital which
comprises fresh issue of 13% of existing paid-up capital and offer for sale 4% shares of existing paid-up capital by the
selling shareholder. (Read More)
IT bellwether, Tech Mahindra rallied 6% and hit 6.9 year high at Rs 1684.6 on BSE on entering into partnership with
Perpetual to provide registry services. (Read More)
Morgan Stanley Composite Index will exclude Bank of India (0.41% down), Wockhardt (2.35% down), Unitech (1.2%
up) and Canara Bank (1.47% down) and include Nestle India (0.51% up), Tech Mahindra (6% up) and Yes bank (1.9%
down ) w.e.f. November 26. (What’s Hot)
Key Quarterly Results
Punjab National Bank tumbled 4.2% on BSE as the bank’s Q2 Net slumped 52.56% to Rs 505.49 crore as compared
to Rs 1065.6 crore for the same quarter in the previous year. Gross non-performing assets (NPAs) grew to 5.14% in
September quarter as against 4.66% in Q2FY13. (Featured Result)
Indian Oil Corporation (IOC) gained 1.6% on BSE despite the its Q2 Net tanking 82.5% to Rs 1683.9 crore as against
Rs 9611.3 crore for the same quarter in the previous year. (Result)
Aurobindo Pharma rallied 9.3% and touched 34 month high at Rs 264.8 on BSE despite registering 24.50% fall in Q2
Net profit at Rs 179.70 crore as compared to Rs 238 crore for the same quarter in the previous year. On the
consolidated basis, group’s Net shined 5.67% to Rs 235 crore as compared to Rs 222.35 crore in Q2FY13. (Result)
United Breweries plummeted 4.7% on BSE on posting a Net loss of Rs 18.57 crore for the Sep quarter as compared to
a Net profit of Rs 34.20 crore for the same quarter in the previous year. (Result)
UCO Bank soared 2.3% on BSE in the otherwise negative market as the company reported over three fold jump in
Q2FY14 Net at Rs 400.2 crore as compared to Rs 103.7 crore for Q2FY13. Gross non-performing assets (NPAs) rose
to 5.32% in the September quarter as against 4.88% in the same quarter previous year. (Result)
SpiceJet dropped 4.7% on BSE on posting worst quarterly loss of Rs 559 crore in September 2013 quarter as against
a Net loss of Rs 134 crore on year on year basis due to high fuel prices and depreciating rupee.
Eicher Motors spiked 2.9% on BSE as the Q3FY14 Net jumped 87.41% to Rs 61.8 crore as compared to Rs 32.97
crore for the same quarter in the previous year. On the consolidated basis, the group’s Net rose 62.75% to Rs 107.43
crore in the quarter as compared to Rs 66 crore in Q3FY13. (Result)
Sun TV Network dived 5.6% on BSE despite registering 11.55% rise in Q2FY14 Net profit at Rs 169.16 crore as
compared to Rs 151.65 crore for the same quarter in the previous year. (Result)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1158 and 1349
respectively, while 170 scrips remained unmoved.
The S&P BSE Sensex ended at 20666.15, down 156.62 points or 0.75%. The 30 share index touched a high and a
low of 20821.01 and 20600.90 respectively. 9 stocks advanced against 21 declining ones on the benchmark index.
The CNX Nifty lost 46.50 points or 0.75% to settle at 6140.75. The index touched high and low of 6185.15 and
6120.95 respectively. 16 stocks advanced against 34 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved down to 6210.94 and lost 0.15% while S&P BSE Small-cap index hammered
down by 0.28% to 6013.09.

2. down by 0.28% to 6013.09.
The broader S&P BSE 500 index decreased to 7539.48 (down 0.52%) and CNX 500 index declined to 4725.90 (down
0.55%).
The volatility as denoted by INDIA VIX lost 1.16% at 19.64 from its previous close of 19.87 on Thursday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 1.27%), Capital Goods (up 1.15%) and Power (up 0.61%) were the top
gainers.
Consumer Durables (down 2.04%), Banks (down 1.27%) and Oil & Gas (down 1.19%) were the top losers.
The Angels and the Devils
Tata Steel Ltd (up 2.86%), Larsen And Toubro Ltd (up 1.84%), Tata Motors Ltd (up 1.29%), Bharat Heavy Electricals
Ltd (up 0.74%) and Sesa Sterlite Ltd (up 0.50%) were the top gainers on the Sensex.
Housing Development Finance Corporation Ltd (down 3.77%), Maruti Suzuki India Ltd (down 2.17%), Oil and Natural
Gas Corporation Ltd (down 2.15%), Bajaj Auto Ltd (down 2.04%) and HDFC Bank (down 1.87%) were the top losers
on the Sensex.
Benchmark Drivers
Housing Development Finance Corporation Ltd (-55.37 points), HDFC Bank (-28.10 points), Reliance Industries Ltd (21.91 points), Tata Consultancy Services Ltd (-19.64 points) and Larsen And Toubro Ltd (17.25 points) were the major
Sensex drivers today.
On the other end Housing Development Finance Corporation Ltd (-13.91 points), HDFC Bank (-7.16 points), Tata
Consultancy Services Ltd (-5.30 points), Reliance Industries Ltd (-5.13 points) and Axis Bank (-4.61 points) were the
major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6149 for next session. The next support is at 6113 and on upside it has a resistance at
6177 levels.
CNX Nifty
Eff. Date
11-Nov-2013
08-Nov-2013
07-Nov-2013
S3
6049
6041
6132
S2
6085
6111
6170
S1
6113
6149
6193
PIVOT
6149
6219
6231
R1
6177
6257
6254
R2
6213
6327
6292
R3
6241
6365
6315
Actual Close
6140.75
6187.25
S&P BSE Sensex has a pivot at 20696 with first level of support and resistance at 20571 and 20791 respectively.
S&P BSE Sensex
Eff. Date
11-Nov-2013
08-Nov-2013
07-Nov-2013
S3
20351
20353
20638
Follow us on
S2
20476
20575
20750
S1
20571
20699
20822
PIVOT
20696
20921
20934
R1
20791
21045
21006
R2
20916
21267
21118
R3
21011
21391
21190
Actual Close
20666.15
20822.77
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