- Indian markets fell for the sixth straight session, with indices losing around 1% due to weakness in the rupee and worries about upcoming economic data. - Key stocks like Hindalco, HPCL, and Reliance Infrastructure reported quarterly declines in net profits. Britannia Industries and National Aluminum saw large profit growth. - Metals, power, and banking sectors declined the most, while FMCG gained. The broader market also closed lower on heavy volume.

1. Markets travel southwards for sixth straight session; IIP & CPI eyed
Following a green start, Indian indices pared gains in late morning deals as investors opted to remain on sidelines and
make profits ahead of important macro data announcements later in the day. Choppy indices pounded further as
weakness in Rupee weighed. Both frontline gauges crashed 1% and ended near day’s low levels. Among BSE
sectorials, Metal index lost shine.
On global front, most of the US indices edged lower as encouraging US jobs data fueled worries of US stimulus
tapering. European indices also traded in negative terrain whereas Asian indices traded on mixed note.
Back home, Rupee sank further against dollar past 63/$ level. In futures trade, Rupee surpassed perilous 64/$ level to
hit an intraday low of 64.15/$.
On stock specific front, Jai Corp Ltd rallied 7% on BSE on hopes to get benefits for development of its Navi Mumbai
SEZ after the Maharashtra government cleared major hurdles for the much awaited Navi Mumbai International Airport
project.
Key Quarterly Results
Hindalco ended marginally in red after company reported 0.5% fall in Q2 Net at Rs 357 crore as compared to a Net
Profit of Rs 358.8 crore in the same quarter of previous fiscal. (Featured Result)
OMC major, Hindustan Petroleum Corporation (HPCL) ended marginally down after registering a fall of 86.3% in Q2
Net at Rs 318.92 crore as compared to Rs 2327 crore for the same quarter in the previous year. (Result)
Reliance Infrastructure tanked 5% on BSE as the company’s Q2 Net slumped 16.5% to Rs 345.82 crore as compared
to Rs 414.13 crore for the same quarter in the previous year. However, on consolidated basis, the group’s Net grew
11.73% to Rs. 426.6 crore as compared to Rs 381.8 crore in the same quarter previous year. (Read More)
Britannia Industries spiked 3.65% on BSE as the company's Net zoomed 109.82% in Q2FY14 Net at Rs 95.7 crore as
compared to Rs 45.6 crore for the same quarter in the previous year. On the consolidated basis, the group’s Net
jumped 65.7% at Rs 97.64 crore for the quarter as compared to Rs 58.93 crore in Q2FY13. (Result)
Canara Bank gained 1.8% on BSE despite reporting 5.3% fall in Q2 Net at Rs 625.95 crore as compared to Rs 660.97
crore for the same quarter in the previous year. (Result)
National Aluminum Company jumped 3.7% on BSE on registering over 37 fold jump in Q2 Net at Rs 179.17 crore for
the quarter as compared to Rs 4.78 crore for the same quarter in the previous year. (Result)
NHPC dipped 1.65% on BSE as the company’s Net dropped 9.7% to Rs 707.5 crore in September 2013 quarter as
against Rs 783.3 crore in the corresponding quarter of the previous year. (Result)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1026 and 1519
respectively, while 132 scrips remained unmoved.
The S&P BSE Sensex ended at 20281.91, down 209.05 points or 1.02%. The 30 share index touched a high and a
low of 20584.22 and 20262.22 respectively. 4 stocks advanced against 26 declining ones on the benchmark index.
The CNX Nifty lost 60.75 points or 1.00% to settle at 6018.05. The index touched high and low of 6108.70 and
6011.75 respectively. 10 stocks advanced against 40 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved down to 6113.14 and lost 0.78% while S&P BSE Small-cap index hammered
down by 0.76% to 5930.58.
The broader S&P BSE 500 index decreased to 7397.62 (down 0.94%) and CNX 500 index declined to 4637.35 (down
0.92%).
The volatility as denoted by INDIA VIX gained 4.40% at 20.86 from its previous close of 19.98 on Monday.
Sectors in action
On the BSE Sectorial front, FMCG (up 0.56%) was the top gainer.

2. Metals (down 1.80%), Power (down 1.75%) and Banks (down 1.62%) were the top losers.
The Angels and the Devils
ITC Ltd (up 0.87%), Mahindra and Mahindra Ltd (up 0.71%), Wipro Ltd (up 0.22%) and Sun Pharmaceutical Industries
Ltd (up 0.21%) were the top gainers on the Sensex.
Tata Motors Ltd (down 4.53%), Sesa Sterlite Ltd (down 3.35%), Tata Power Company Ltd (down 2.70%), ICICI Bank
(down 2.43%) and Tata Steel Ltd (down 2.15%) were the top losers on the Sensex.
Benchmark Drivers
Tata Motors Ltd (-35.59 points), ICICI Bank (-34.04 points), Reliance Industries Ltd (-23.80 points), ITC Ltd (17.84
points) and HDFC Bank (-17.79 points) were the major Sensex drivers today.
On the other end Tata Motors Ltd (-8.82 points), ICICI Bank (-8.19 points), Reliance Industries Ltd (-5.82 points), ITC
Ltd (5.23 points) and HDFC Bank (-4.60 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6046 for next session. The next support is at 5984 and on upside it has a resistance at
6081 levels.
CNX Nifty
Eff. Date
13-Nov-2013
12-Nov-2013
11-Nov-2013
S3
5887
5977
6049
S2
5949
6022
6085
S1
5984
6050
6113
PIVOT
6046
6096
6149
R1
6081
6124
6177
R2
6143
6170
6213
R3
6178
6198
6241
Actual Close
6018.05
6078.80
S&P BSE Sensex has a pivot at 20376 with first level of support and resistance at 20168 and 20490 respectively.
S&P BSE Sensex
Eff. Date
13-Nov-2013
12-Nov-2013
11-Nov-2013
S3
19846
20186
20351
Follow us on
S2
20054
20320
20476
S1
20168
20405
20571
PIVOT
20376
20539
20696
R1
20490
20625
20791
R2
20698
20758
20916
R3
20812
20844
21011
Actual Close
20281.91
20490.96
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