Markets end in red snapping four day winning streak; IIP, Inflation data eyed

1. Markets end in red snapping four day winning streak; IIP, Inflation data eyed
Market Summary
11-Mar-2013
Indian equity indices snapped four day winning streak and closed the session in red amid range bound trading. The
sentiments were cautious ahead of Jan IIP and Feb inflation data release. Cues from European peers were not
supportive either. Sensex shed 37 points from its value whereas Nifty closed flat.
Among stock specific action, Larsen& Toubro is barred by World Bank from taking part in any of the organization’s
projects for six months. The company has shown interested in working with World Bank after six month ban expiry. The
stock closed 0.65% up on BSE. (News)
Pharmaceuticals major, Sun Pharmaceutical jumped 1.79% and touched its fresh 52 week high at Rs 838.50 on BSE
after Barclays research upgraded the stock from “equal-weight” to “over-weight” with a target price of Rs 936.
Ranbaxy Laboratories shined 1.18% on BSE after the stock is upgraded to “buy” from “neutral” by Nomura.
Reliance Industries Ltd is upgraded by Bank of America – Merrill Lynch from “underperform” to “neutral”. The stock
closed 0.86% down on BSE.
Amtek Auto has gained 5.71% on BSE after entering into an agreement to acquire considerable business interests of
Germany based Neumayer Tekfor (NT) Group. (News)
Pantaloon Retail rose 0.35% on BSE after entering into Share Purchase Agreement (SPA) with Industrial Investment
Trust to sell its part holding in Insurance arm named Future General India Life insurance Company. (News)
Merrill Lynch sold its 2% stake in Multi Commodity Exchange of India (MCX) for about Rs 104 crore through open
market transactions. The stock closed 0.92% up on BSE. (News)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1441 and 1494
respectively, while 137 scrips remained unmoved.
The S&P BSE Sensex ended at 19646.21, down 37.02 points or 0.19%. The 30 share index touched a high and a
low of 19754.66 and 19602.71 respectively. 10 stocks advanced against 19 declining ones on the benchmark index.
The CNX Nifty lost 3.35 points or 0.06% to settle at 5942.35. The index touched high and low of 5971.20 and 5930.35
respectively. 20 stocks advanced against 30 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 6501.50 and gained 0.22% while S&P BSE Small-cap index jumped up by
0.28% to 6351.34.
The broader S&P BSE 500 index decreased to 7442.65 (down 0.03%) and CNX 500 index rose to 4661.25 (up
0.01%).
The volatility as denoted by INDIA VIX gained 6.82% at 14.25 from its previous close of 13.34 on Friday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 1.32%), Capital Goods (up 0.59%) and Healthcare (up 0.53%) were the
top gainers.
Consumer Durables (down 1.38%), Information Technology (down 0.67%) and Metals (down 0.56%) were the top
losers.
The Angels and the Devils
Tata Power Company Ltd (up 2.28%), Housing Development Finance Corporation Ltd (up 1.91%), Sun
Pharmaceutical Industries Ltd (up 1.79%), Mahindra and Mahindra Ltd (up 1.10%) and GAIL (India) Ltd (up 0.97%)
were the top gainers on the Sensex.
Hero MotoCorp Ltd (down 2.51%), Wipro Ltd (down 1.35%), Bajaj Auto Ltd (down 1.33%), Jindal Steel and Power Ltd

2. Hero MotoCorp Ltd (down 2.51%), Wipro Ltd (down 1.35%), Bajaj Auto Ltd (down 1.33%), Jindal Steel and Power Ltd
(down 1.24%) and Tata Consultancy Services Ltd (down 1.05%) were the top losers on the Sensex.
Benchmark Drivers
Housing Development Finance Corporation Ltd (27.09 points), Reliance Industries Ltd (-15.46 points), Infosys Ltd (-
14.20 points), ICICI Bank (-11.80 points) and Tata Consultancy Services Ltd (-11.60 points) were the major Sensex
drivers today.
On the other end Housing Development Finance Corporation Ltd (8.08 points), Reliance Industries Ltd (-3.63 points),
Infosys Ltd (-3.59 points), Tata Consultancy Services Ltd (-2.99 points) and ICICI Bank (-2.54 points) were the major
Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5948 for next session. The next support is at 5925 and on upside it has a resistance at
5966 levels.
CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
12-Mar-2013 5884 5907 5925 5948 5966 5989 6006 -
11-Mar-2013 5832 5857 5902 5927 5971 5997 6041 5942.35
08-Mar-2013 5740 5771 5817 5848 5894 5924 5970 5945.70
S&P BSE Sensex has a pivot at 19668 with first level of support and resistance at 19581 and 19733 respectively.
S&P BSE Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
12-Mar-2013 19429 19516 19581 19668 19733 19820 19885 -
11-Mar-2013 19310 19394 19539 19622 19767 19851 19995 19646.21
08-Mar-2013 19010 19111 19262 19364 19515 19617 19768 19683.23
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