Following yesterday’s massive gains, Indian indices started on a cautious note despite firm global cues. Markets remained weak amidst choppy trades on profit booking by investors. Strengthening Rupee to the level of 63.35/USD persuaded benchmarks to recuperate the losses and closed flat.

1. Sensex ends flat after volatile trades; Rupee strengthens against USD
Market Summary
11-Sep-2013
Following yesterday’s massive gains, Indian indices started on a cautious note despite firm global cues. Markets
remained weak amidst choppy trades on profit booking by investors. Strengthening Rupee to the level of 63.35/USD
persuaded benchmarks to recuperate the losses and closed flat.
On global front, US markets extended the gains on easing Syrian worries. Asian and European indices also traded
mostly in green on upbeat Chinese economic data.
Back home, central bank further relaxed overseas capital flow norms that will encourage banks to raise funds
overseas. Under new norms, banks can now avail for swap facility for term deposits at a concessional rate of 1%
below the market rate in dollar denomination. (Read More)
Metal stocks, JSW Steel, SAIL, Tata Steel, NMDC and Hindalco shined 8.68%, 5.95%, 5.07%, 3.96% and 3.81%
respectively on BSE on back of upbeat retail and industrial growth in China, the world’s largest user of the metal.
Sun Pharma Advanced Research Company (SPARC) soared 9.96% on BSE on getting nod for Epilepsy Drug Keppra
XR Generic from US FDA (Food and Drug Administration). (Read More)
Realty major, Jaiprakash Associates surged 6.24% on BSE ahead of announcement of deal with Ultratech cement (up
1.60%) to sell the company’s Gujarat cement plant of capacity 4.8 million ton per annum.
Geometric jumps 3.83% on BSE on expanding strategic partnership with Anark Corporation via an equity investment
by company’s wholly owned subsidiary, Geometric Americas, Inc. (Read More)
Jindal Steel & Power (JSPL) gained 1.28% on BSE. The company has inked Memorandum of Understanding (MoU)
with the Liberian Government to set-up (175x2) 350-MW power project in Liberia. (Read More)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1461 and 966 respectively,
while 156 scrips remained unmoved.
The S&P BSE Sensex ended at 19997.45, up 0.35 points or 0.00%. The 30 share index touched a high and a low of
20055.53 and 19777.63 respectively. 18 stocks advanced against 12 declining ones on the benchmark index.
The CNX Nifty gained 16.40 points or 0.28% to settle at 5913.15. The index touched high and low of 5924.35 and
5832.70 respectively. 34 stocks advanced against 16 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 5599.29 and gained 1.34% while S&P BSE Small-cap index jumped up by
1.11% to 5462.77.
The broader S&P BSE 500 index increased to 7169.63 (up 0.59%) and CNX 500 index rose to 4489.45 (up 0.58%).
The volatility as denoted by INDIA VIX gained 1.05% at 29.75 from its previous close of 29.44 on Tuesday.
Sectors in action
On the BSE Sectorial front, Metals (up 3.33%), Real Estate (up 2.74%) and Banks (up 1.80%) were the top gainers.
FMCG (down 1.11%), Consumer Durables (down 0.65%) and Information Technology (down 0.24%) were the top
losers.
The Angels and the Devils
Tata Steel Ltd (up 5.07%), Hindalco Industries Ltd (up 3.81%), State Bank of India (up 3.52%), Tata Power Company
Ltd (up 2.90%) and Sun Pharmaceutical Industries Ltd (up 2.46%) were the top gainers on the Sensex.
Tata Motors Ltd (down 2.49%), Hindustan Unilever Ltd (down 1.76%), ITC Ltd (down 1.70%), Bharat Heavy Electricals
Ltd (down 1.54%) and Cipla Ltd (down 1.28%) were the top losers on the Sensex.

2. Benchmark Drivers
ITC Ltd (-37.52 points), State Bank of India (21.04 points), Tata Motors Ltd (-18.42 points), HDFC Bank (17.97 points)
and Infosys Ltd (-17.51 points) were the major Sensex drivers today.
On the other end ITC Ltd (-9.87 points), Infosys Ltd (-5.83 points), HDFC Bank (5.30 points), State Bank of India (5.22
points) and Tata Motors Ltd (-4.88 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5890 for next session. The next support is at 5856 and on upside it has a resistance at
5947 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
12-Sep-2013 5764 5798 5856 5890 5947 5982 6039 -
11-Sep-2013 5622 5680 5788 5847 5955 6013 6122 5913.15
10-Sep-2013 5479 5523 5602 5645 5724 5768 5846 5896.75
S&P BSE Sensex has a pivot at 19944 with first level of support and resistance at 19832 and 20109 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
12-Sep-2013 19554 19666 19832 19944 20109 20221 20387 -
11-Sep-2013 19056 19250 19624 19818 20192 20386 20760 19997.45
10-Sep-2013 18670 18800 19035 19164 19400 19529 19764 19997.10
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