1. Yellen, Rajan infuse euphoria in markets on Sachin's 200th test appearance
day
Snapping 7-day losing streak, Indian equity gauges started euphorically bolstered by Rajan’s CAD optimism and
buoyant global cues. Markets continued the joyous ride and zoomed over 1% shrugging off the growth in headline
inflation for October. Benchmarks ended near day’s high level with Sensex scoring 205 points and Nifty at 6056. On
BSE sectorial front, Auto topped the charts followed by rate sensitives.
Among global peers, US indices spiked with Dow and S&P 500 hitting their respective record highs after Janet Yellen,
the likely next chairwoman defended bond buying program considering it the best way to get the economy back to
normal. Asian and European indices also edged higher on clues from US peers.
Back home, RBI Governor Dr. Raghuram Rajan hoped that the economic situation should improve in the second half of
current fiscal citing strong agriculture growth and higher exports of the country while expressing his disappointment on
sluggish industrial growth of 2% in September. He also pegged the current account deficit (CAD) at $56 billion, much
lower than the $60 billion projected earlier.
KEC International rallied 8.85% on BSE on bagging new orders worth Rs 568 crore in its Transmission and Cables
businesses. (Read More)
Ricoh India locked at upper circuit of 10% for fourth consecutive day after the board of the company approved the
delisting proposal received from Ricoh Asia Pacific Pte. Japan's Ricoh plans to acquire to 10.4 million shares of Ricoh
India from the public, representing 26.4% stake, and delist the shares from BSE.
Tata Steel shined 4.6% on BSE as the company’s Q2FY14 Net rose15.38% to Rs 1558.67 crore as compared to Rs
1350.8 crore for the same quarter in the previous year. On the consolidated basis, group’s Net stood at Rs 916.77
crore as compared to a net loss of Rs 363.93 crore in Q2FY13. (Featured Result)
Coal India plunged 3.8% on BSE after the company’s consolidated Q2FY14 Net fell 0.83% to Rs 3052.36 crore as
compared to Rs 3078 crore in the same quarter previous year. However on standalone basis, company registered a
marginal rise of 1.15% at Rs 1214 crore for the quarter as compared to Rs 1200 crore in Q2FY13. (Result)
Housing Development and Infrastructure Ltd (HDIL) soared 4.45% on BSE despite posting a steep fall of 68.73% in
Q2FY14 Net at Rs 49.6 crore as compared to Rs 158.6 crore for the same quarter in the previous year. On the
consolidated basis, the group’s Net tanked nearly 70% to Rs 42.70 crore as compared to Rs 140.55 crore in the
Q2FY13. (Result)
Sun Pharmaceutical Industries dropped 1.3% on BSE after registering a sharp decline of 98.30% in Q2FY14 Net at
Rs 6.30 crore as compared to Rs 370.62 crore for the same quarter in the previous year. However, on the
consolidated basis, group’s Net jumped 4 fold to Rs 1362.30 crore as compared to Rs 319.64 crore in the Q2FY13.
(Result)
Oil & Natural Gas Corporation ended marginally in green after reporting a growth of 2.84% in Q2 Net profit at Rs
6063.86 crore for the quarter as compared to Rs 5896.57 crore for the same quarter in the previous year. (Result)
Cipla dived 2% on BSE on posting a drop of 24.79% in Q2 Net at Rs 376 crore as compared to Rs 500 crore for the
same quarter in the previous year. On the consolidated basis, group’s Net plunged 26.62% to Rs 358 crore as
compared to Rs 488 crore in Q2FY13. (Result)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1463 and 1104 respectively,
while 159 scrips remained unmoved.
The S&P BSE Sensex ended at 20399.42, up 205.02 points or 1.02%. The 30 share index touched a high and a low
of 20568.99 and 20348.27 respectively. 22 stocks advanced against 8 declining ones on the benchmark index.
The CNX Nifty gained 66.55 points or 1.11% to settle at 6056.15. The index touched high and low of 6101.65 and
6036.65 respectively. 38 stocks advanced against 11 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved up to 6141.05 and gained 1.06% while S&P BSE Small-cap index jumped up by
1.09% to 5956.17.
The broader S&P BSE 500 index increased to 7447.47 (up 1.17%) and CNX 500 index rose to 4670.10 (up 1.20%).

2. The volatility as denoted by INDIA VIX lost 5.82% at 19.26 from its previous close of 20.45 on Wednesday.
Sectors in action
On the BSE Sectorial front, Automobile (up 2.91%), Banks (up 2.66%) and Real Estate (up 2.28%) were the top
gainers.
Healthcare (down 0.39%) and Information Technology (down 0.11%) were the top losers.
The Angels and the Devils
Tata Motors Ltd (up 5.52%), Tata Steel Ltd (up 4.58%), ICICI Bank (up 3.58%), Mahindra and Mahindra Ltd (up
3.36%) and Hero MotoCorp Ltd (up 2.34%) were the top gainers on the Sensex.
Coal India Ltd (down 3.81%), Cipla Ltd (down 2.05%), Sun Pharmaceutical Industries Ltd (down 1.34%), Tata
Consultancy Services Ltd (down 1.29%) and GAIL (India) Ltd (down 1.04%) were the top losers on the Sensex.
Benchmark Drivers
ICICI Bank (49.03 points), Tata Motors Ltd (42.04 points), Larsen And Toubro Ltd (19.68 points), Tata Consultancy
Services Ltd (-18.17 points) and HDFC Bank (17.35 points) were the major Sensex drivers today.
On the other end ICICI Bank (12.45 points), Tata Motors Ltd (10.76 points), Axis Bank (5.88 points), Larsen And
Toubro Ltd (4.77 points) and HDFC Bank (4.72 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6065 for next session. The next support is at 6028 and on upside it has a resistance at
6093 levels.
CNX Nifty
Eff. Date
18-Nov-2013
15-Nov-2013
13-Nov-2013
S3
5963
5891
5887
S2
6000
5932
5949
S1
6028
5961
5984
PIVOT
6065
6001
6046
R1
6093
6030
6081
R2
6130
6071
6143
R3
6158
6100
6178
Actual Close
5989.60
S&P BSE Sensex has a pivot at 20439 with first level of support and resistance at 20309 and 20530 respectively.
S&P BSE Sensex
Eff. Date
18-Nov-2013
15-Nov-2013
13-Nov-2013
S3
20088
19912
19846
Follow us on
S2
20218
20037
20054
S1
20309
20115
20168
PIVOT
20439
20241
20376
R1
20530
20319
20490
R2
20660
20444
20698
R3
20750
20523
20812
Actual Close
20194.40
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