1. Benchmarks extend losses on weak global cues
Market Snapshot | 11-12-2013 04:20 PM
Resuming yesterday’s downtrend, Indian indices started gap down amidst weak trades in US and Asian markets.
Markets retained in negative territory with Nifty hovering around 6300. In late noon trades, benchmarks recovered
some of its lost ground on positive trades in European markets but closed in red. On BSE sectorial front, Capital
Goods was the top loser.
Among global peers, US indices fell as investors tracked US budget talks and are expecting a reduction in bond buying
in next week’s Federal Reserve meeting. Asian markets also traded in red zone whereas European markets traded in
green zone.
Back home, the retail price of LPG cooking gas has been raised by Rs 3.46 for 14.2-kg cylinder to Rs 40.71 after
government hiked the commission for dealers by over 9% to offset their rising costs such as salary, power and rentals.
(Read More)
Competition Commission of India (CCI) slapped a penalty of Rs 1773 crore on Coal India for abusing its dominant
position in fuel supplies. The stock recovered at close to end 1.16% up on BSE. (Read More)
Godrej Properties plunged 1.6% to hit 52 week high at Rs 159 on BSE despite company’s Board nodded for Scheme
of Amalgamation of Godrej Developers with Godrej Projects Development. (Read More)
United Breweries gained 1.93% on BSE after Heineken International BV raised its stake in the company for $45.8
million or Rs 280 crore. (Read More)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1180 and 1390
respectively, while 170 scrips remained unmoved.
The S&P BSE Sensex ended at 21171.41, down 83.85 points or 0.39%. The 30 share index touched a high and a
low of 21215.94 and 21069.45 respectively. 10 stocks advanced against 19 declining ones on the benchmark index.
The CNX Nifty lost 24.95 points or 0.39% to settle at 6307.90. The index touched high and low of 6326.60 and
6280.25 respectively. 15 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 6396.43 and lost 0.10% while S&P BSE Small-cap index jumped up by
0.08% to 6209.86.
The broader S&P BSE 500 index decreased to 7731.26 (down 0.37%) and CNX 500 index declined to 4855.60 (down
0.37%).
The volatility as denoted by INDIA VIX lost 2.45% at 17.54 from its previous close of 17.98 on Tuesday.
Sectors in action
On the BSE Sectorial front, FMCG (up 0.56%) was the top gainer.
Capital Goods (down 1.39%), Automobile (down 1.05%) and Oil & Gas (down 0.86%) were the top losers.
The Angels and the Devils
NTPC Ltd (up 2.43%), Housing Development Finance Corporation Ltd (up 1.63%), Coal India Ltd (up 1.16%), ITC Ltd
(up 0.99%) and Bajaj Auto Ltd (up 0.34%) were the top gainers on the Sensex.
Tata Motors Ltd (down 3.25%), State Bank of India (down 2.59%), Bharat Heavy Electricals Ltd (down 2.17%), Bharti
Airtel Ltd (down 2.15%) and Oil and Natural Gas Corporation Ltd (down 2.08%) were the top losers on the Sensex.
Benchmark Drivers
Tata Motors Ltd (-26.66 points), Housing Development Finance Corporation Ltd (23.06 points), ITC Ltd (20.61 points),
Larsen And Toubro Ltd (-19.11 points) and Tata Consultancy Services Ltd (-17.81 points) were the major Sensex
drivers today.

2. On the other end Tata Motors Ltd (-6.65 points), Larsen And Toubro Ltd (-4.78 points), ITC Ltd (4.74 points), Tata
Consultancy Services Ltd (-4.21 points) and State Bank of India (-4.17 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6305 for next session. The next support is at 6283 and on upside it has a resistance at
6330 levels.
CNX Nifty
Eff. Date
12-Dec-2013
11-Dec-2013
10-Dec-2013
S3
6237
6251
6264
S2
6259
6280
6304
S1
6283
6306
6334
PIVOT
6305
6334
6375
R1
6330
6361
6404
R2
6351
6389
6445
R3
6376
6416
6475
Actual Close
6307.90
6332.85
S&P BSE Sensex has a pivot at 21152 with first level of support and resistance at 21089 and 21235 respectively.
S&P BSE Sensex
Eff. Date
12-Dec-2013
11-Dec-2013
10-Dec-2013
S3
20942
21025
21044
Follow us on
S2
21006
21100
21163
S1
21089
21178
21245
PIVOT
21152
21253
21364
R1
21235
21330
21446
R2
21299
21405
21565
R3
21382
21483
21647
Actual Close
21171.41
21255.26
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