Following a moderately positive start, the markets did not look back and went higher and higher as the day progressed on lower than anticipated Dec WPI data and GAAR implementation deferral by another two years. Sensex crossed 19900 after cracking a marvelous double century while Nifty reclaimed the crucial 6000 levels. Rate Sensitive sectorial indices Realty, Bankex and Capital Goods indices rallied by 5%, 1.1% and 1.2% respectively. IT and Teck continued their rally post stunning Q3 show by Infosys. Among individual stocks DLF (shot up 7.27%) and ONGC (up 4.4%) led the Nifty pack.

1. Markets jubilant on GAAR deferral & lower WPI; Sensex & Nifty cross 19900
& 6K respectively
Market Summary
14-Jan-2013
Following a moderately positive start, the markets did not look back and went higher and higher as the day progressed
on lower than anticipated Dec WPI data and GAAR implementation deferral by another two years. Sensex crossed
19900 after cracking a marvelous double century while Nifty reclaimed the crucial 6000 levels. Rate Sensitive sectorial
indices Realty, Bankex and Capital Goods indices rallied by 5%, 1.1% and 1.2% respectively. IT and Teck continued
their rally post stunning Q3 show by Infosys. Among individual stocks DLF (shot up 7.27%) and ONGC (up 4.4%) led
the Nifty pack.
Dec Inflation: India’s headline inflation as measured by the wholesale price index (WPI) eased unexpectedly to 7.18%
for the month of December 2012 as against 7.24% for Nov 2012. The Dec WPI number is comfortably below the RBI’s
forecast of 8% and rose slowest in three years. However rate cut hopes based on lower WPI may not realize
immediately as retail inflation for December month as measured by the consumer price index (CPI) shot up to 10.56%
as against 9.9% for Nov 2012. Food inflation in the CPI increased to 13.04 percent in December from 11.81 percent in
November.
GAAR deferral: Giving relief to the overseas investors and markets, Finance minister Mr. P Chidambaram has stated
that the GAAR (General Anti-Avoidance Rules), the controversial law against tax avoidance through foreign
investments, has been deferred by two years from April 2014 to April 2016. (News)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1753 and 1203 respectively,
while 120 scrips remained unmoved.
The BSE Sensex ended at 19906.41, up 242.77 points or 1.23%. The 30 share index touched a high and a low of
19948.63 and 19689.09 respectively. 20 stocks advanced against 9 declining ones on the benchmark index.
The S&P CNX Nifty gained 72.75 points or 1.22% to settle at 6024.05. The index touched high and low of 6036.90
and 5962.15 respectively. 33 stocks advanced against 16 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 7243.06 and gained 1.20% while Small-cap index jumped up by 0.74% to
7509.65.
The broader BSE 500 index increased to 7734.11 (up 1.22%) and S&P CNX 500 index rose to 4836.70 (up 1.23%).
The volatility as denoted by INDIA VIX gained 3.55% at 13.70 from its previous close of 13.23 on Friday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 5.01%), Information Technology (up 2.57%) and Consumer Durables (up
1.80%) were the top gainers.
Automobile (down 0.46%) and Healthcare (down 0.06%) were the top losers.
The Angels and the Devils
Oil and Natural Gas Corporation Ltd (up 4.28%), Infosys Ltd (up 3.49%), Jindal Steel and Power Ltd (up 3.34%), Tata
Consultancy Services Ltd (up 2.14%) and Housing Development Finance Corporation Ltd (up 1.93%) were the top
gainers on the Sensex.
Maruti Suzuki India Ltd (down 1.72%), Cipla Ltd (down 1.23%), Bajaj Auto Ltd (down 1.14%), Tata Motors Ltd (down
0.65%) and Mahindra and Mahindra Ltd (down 0.64%) were the top losers on the Sensex.
Benchmark Drivers
Infosys Ltd (54.98 points), ITC Ltd (28.88 points), Housing Development Finance Corporation Ltd (27.18 points), ICICI
Bank (26.63 points) and Oil and Natural Gas Corporation Ltd (25.45 points) were the major Sensex drivers today.
On the other end Infosys Ltd (13.82 points), Housing Development Finance Corporation Ltd (7.71 points), ICICI Bank

2. On the other end Infosys Ltd (13.82 points), Housing Development Finance Corporation Ltd (7.71 points), ICICI Bank
(7.47 points), ITC Ltd (7.44 points) and Oil and Natural Gas Corporation Ltd (6.62 points) were the major Nifty movers
today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 6008 for next session. The next support is at 5978 and on upside it has a resistance
at 6053 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
15-Jan-2013 5904 5933 5978 6008 6053 6082 6128 -
14-Jan-2013 5839 5890 5918 5968 5996 6047 6074 6024.05
11-Jan-2013 5884 5916 5942 5974 6000 6032 6058 5951.30
Sensex has a pivot at 19848 with first level of support and resistance at 19747 and 20007 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
15-Jan-2013 19488 19588 19747 19848 20007 20108 20267 -
14-Jan-2013 19356 19488 19576 19708 19796 19928 20016 19906.41
11-Jan-2013 19391 19494 19579 19681 19766 19869 19953 19663.64
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