Indian indices rebounded after falling the previous day, with the Sensex gaining over 100 points and Nifty crossing 5,850. The rupee strengthened against the dollar, helped by measures from the RBI and SEBI to restrict rupee trading. On global markets, US and European indices were up for the third straight day. Top gaining sectors in India were consumer durables, power, and real estate.

1. Sensex rebounds 115 points on measures to arrest Rupee fall
Market Summary
09-Jul-2013
After yesterday’s crash, Indian indices started gap up tracking optimistic global cues. Eased Rupee against dollar
boosted the momentum, Sensex gained over a ton and Nifty crossed 5850 at close. Among BSE sectorials, Consumer
Durables topped the charts.
On global front, US markets edged higher for the third straight day. Asian and European markets also traded in
positive terrain.
Back home, Rupee traded off the all-time lows today as on Monday late hours, Reserve Bank of India banned banks
from proprietary trading in INR’s futures and options (F&O). Additional support came from market regulator, Securities
and Exchange Board of India (SEBI), which has doubled the margin requirement on the domestic INR-USD forward
trade.
Karnataka Bank soared 6.24% on BSE on inking Memorandum of Understanding (MoU) with Reliance Capital for
providing Fund Based/Non Fund Based finance to the eligible MSMEs referred by Reliance Capital. (Read More)
Educomp Solutions surged 9.88% on BSE as the company is planning restructuring of its long term debt. (Read More)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1335 and 1043 respectively,
while 134 scrips remained unmoved.
The S&P BSE Sensex ended at 19439.48, up 114.71 points or 0.59%. The 30 share index touched a high and a low
of 19486.00 and 19380.25 respectively. 22 stocks advanced against 8 declining ones on the benchmark index.
The CNX Nifty gained 47.45 points or 0.82% to settle at 5859.00. The index touched high and low of 5864.95 and
5834.60 respectively. 39 stocks advanced against 11 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 6032.43 and gained 0.73% while S&P BSE Small-cap index jumped up by
0.74% to 5712.08.
The broader S&P BSE 500 index increased to 7219.93 (up 0.77%) and CNX 500 index rose to 4539.95 (up 0.86%).
The volatility as denoted by INDIA VIX lost 0.10% at 19.32 from its previous close of 19.34 on Monday.
Sectors in action
On the BSE Sectorial front, Consumer Durables (up 1.93%), Power (up 1.86%) and Real Estate (up 1.65%) were the
top gainers. There was no loser among BSE sectorials.
The Angels and the Devils
Sun Pharmaceutical Industries Ltd (up 3.57%), Bharat Heavy Electricals Ltd (up 2.22%), Bajaj Auto Ltd (up 2.09%),
Sterlite Industries (India) Ltd (up 1.88%) and Dr. Reddys Laboratories Ltd (up 1.82%) were the top gainers on the
Sensex.
Jindal Steel and Power Ltd (down 1.90%), Mahindra and Mahindra Ltd (down 1.18%), Oil and Natural Gas Corporation
Ltd (down 0.79%), Hindustan Unilever Ltd (down 0.76%) and Maruti Suzuki India Ltd (down 0.56%) were the top losers
on the Sensex.
Benchmark Drivers
HDFC Bank (19.03 points), Sun Pharmaceutical Industries Ltd (18.34 points), Larsen And Toubro Ltd (15.69 points),
Infosys Ltd (13.94 points) and Reliance Industries Ltd (10.67 points) were the major Sensex drivers today.
On the other end HDFC Bank (5.62 points), Sun Pharmaceutical Industries Ltd (4.60 points), Infosys Ltd (4.40 points),
Larsen And Toubro Ltd (4.20 points) and Reliance Industries Ltd (4.18 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels

2. CNX Nifty is now pivoted at 5853 for next session. The next support is at 5841 and on upside it has a resistance at
5871 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
10-Jul-2013 5810 5822 5841 5853 5871 5883 5901 -
09-Jul-2013 5722 5749 5780 5807 5838 5865 5897 5859.00
08-Jul-2013 5809 5834 5851 5876 5893 5918 5935 5811.55
S&P BSE Sensex has a pivot at 19435 with first level of support and resistance at 19384 and 19490 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
10-Jul-2013 19279 19329 19384 19435 19490 19541 19596 -
09-Jul-2013 18963 19074 19200 19311 19436 19548 19673 19439.48
08-Jul-2013 19273 19375 19436 19538 19598 19700 19761 19324.77
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