Following a gap up opening on strong global cues, markets pared early gains and stayed just above the closing mark till mid afternoon. The key benchmarks took off during late afternoon session and closed 1% up snapping five day losing streak. While CNX Nifty closed above 5550, the S&P Sensex ended above 18400. Finance, Service and IT topped the charts on NSE indices front.

1. Markets snap five day losing streak...Nifty ends above 5550
Market Summary
10-Apr-2013
Following a gap up opening on strong global cues, markets pared early gains and stayed just above the closing mark
till mid afternoon. The key benchmarks took off during late afternoon session and closed 1% up snapping five day
losing streak. While CNX Nifty closed above 5550, the S&P Sensex ended above 18400. Finance, Service and IT
topped the charts on NSE indices front.
Globally, U.S. indices closed at record high levels on good Q4 earnings expectations & better Chinese economic data.
Asian and European indices have also shown the similar optimism.
Back home, MMTC ended 3.64% down on BSE on reports of Government stake sale in the company in near future.
(News)
Tata Steel rose 0.36% on BSE after hitting a new 52 week low. The company registered best performance in
production and sales in FY13. (News)
Gati Ltd spurted 4.57% on BSE on the reports of its merger with subsidiary. (News)
Kingfisher Airlines shares lost 1.69% of their value as the lending banks invoke pledged shares in company. (News)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1193 and 1226
respectively, while 144 scrips remained unmoved.
The S&P BSE Sensex ended at 18414.45, up 187.97 points or 1.03%. The 30 share index touched a high and a low
of 18461.44 and 18173.31 respectively. 21 stocks advanced against 9 declining ones on the benchmark index.
The CNX Nifty gained 63.60 points or 1.16% to settle at 5558.70. The index touched high and low of 5569.25 and
5477.20 respectively. 37 stocks advanced against 13 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 6104.13 and gained 0.53% while S&P BSE Small-cap index jumped up by
0.01% to 5857.63.
The broader S&P BSE 500 index increased to 6965.18 (up 0.98%) and CNX 500 index rose to 4366.45 (up 1.00%).
The volatility as denoted by INDIA VIX lost 1.96% at 16.49 from its previous close of 16.82 on Tuesday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 2.05%), Banks (up 1.73%) and Capital Goods (up 1.40%)
were the top gainers.
FMCG (down 0.40%) was the top loser.
The Angels and the Devils
Housing Development Finance Corporation Ltd (up 3.64%), Larsen And Toubro Ltd (up 2.25%), Tata Consultancy
Services Ltd (up 2.19%), Wipro Ltd (up 2.17%) and Tata Motors Ltd (up 1.86%) were the top gainers on the Sensex.
Sun Pharmaceutical Industries Ltd (down 1.24%), Jindal Steel and Power Ltd (down 1.01%), ITC Ltd (down 0.91%),
Hindustan Unilever Ltd (down 0.82%) and Hero MotoCorp Ltd (down 0.76%) were the top losers on the Sensex.
Benchmark Drivers
Housing Development Finance Corporation Ltd (47.73 points), Infosys Ltd (27.24 points), Tata Consultancy Services
Ltd (22.88 points), ICICI Bank (19.90 points) and Larsen And Toubro Ltd (19.59 points) were the major Sensex drivers
today.
On the other end Housing Development Finance Corporation Ltd (13.26 points), Infosys Ltd (7.22 points), HDFC Bank
(6.51 points), Tata Consultancy Services Ltd (5.82 points) and Larsen And Toubro Ltd (5.58 points) were the major
Nifty movers today.

2. Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5535 for next session. The next support is at 5501 and on upside it has a resistance at
5593 levels.
CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
11-Apr-2013 5409 5443 5501 5535 5593 5627 5685 -
10-Apr-2013 5338 5412 5454 5528 5570 5644 5686 5558.70
09-Apr-2013 5498 5518 5530 5550 5562 5582 5595 5495.10
S&P BSE Sensex has a pivot at 18350 with first level of support and resistance at 18238 and 18526 respectively.
S&P BSE Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
11-Apr-2013 17950 18062 18238 18350 18526 18638 18814 -
10-Apr-2013 17741 17974 18100 18333 18459 18692 18818 18414.45
09-Apr-2013 18291 18347 18392 18448 18494 18550 18595 18226.48
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