Indian markets ended higher as inflation eased more than expected. The Sensex gained 115 points and the Nifty rose 40 points. Oil and gas stocks rose with crude prices falling, while gold prices fell to a 15-month low. Overall market breadth was positive with more advancing stocks than declining.

1. Markets end in green as inflation eases; Gold & Crude tumble
Market Summary
15-Apr-2013
Following a negative start amid sluggish global cues, Indian equity markets recovered and closed in green on the back
of better than expected Inflation numbers. Benchmarks closed near day’s high with Sensex gaining 115 points. Oil and
Gas Sector (up 2.37%) was the top performer on BSE sectorial front due to fall in Brent crude prices. On NSE, CNX
PSU Bank (up 3.1%) topped the charts.
Globally, U.S. markets snapped their record making stint on Friday and closed in red. Mirroring U.S. trends, Asian and
European peers are also showing negative trends.
Back home, WPI Inflation eased to 40 month’s low levels in March 2013 to 5.96% as compared to 6.84% in the
previous month. However, January inflation figures were revised upside to 7.31% from 6.62%. Earlier, CPI for March
2013 also came down to 10.39%. Since Feb IIP numbers were reported lower, expectations from RBI on further rate
cut in May have gone up. (News)
Oil & Gas stocks BPCL, HPCL, OIL, IOC and ONGC gained 5.44%, 4.91%, 1.93%, 3.75% and 3.45% respectively on
BSE after Brent crude dived to touch 9 month low levels.
Gold tumbled to 15 months low levels of Rs 27600 per 10 grams on selling pressure in global markets. Muthoot
Finance and Manappuram Finance tanked 13.13% and 9.84% respectively on BSE.
Wockhardt plunged 2.43% on BSE on the reports of US Food and Drug Administration’s (USFDA) inspection on the
company’s injectables facility in Aurangabad.
Jet Airways spurted 5.59% on BSE on the reports of promoters plan to offload their stake in the company through Offer
for Sale (OFS).
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1277 and 1099 respectively,
while 140 scrips remained unmoved.
The S&P BSE Sensex ended at 18357.80, up 115.24 points or 0.63%. The 30 share index touched a high and a low
of 18424.40 and 18144.22 respectively. 14 stocks advanced against 16 declining ones on the benchmark index.
The CNX Nifty gained 39.85 points or 0.72% to settle at 5568.40. The index touched high and low of 5592.85 and
5500.30 respectively. 26 stocks advanced against 24 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 6108.65 and gained 0.15% while S&P BSE Small-cap index jumped up by
0.43% to 5897.52.
The broader S&P BSE 500 index increased to 6978.19 (up 0.49%) and CNX 500 index rose to 4376.05 (up 0.54%).
The volatility as denoted by INDIA VIX gained 0.97% at 16.61 from its previous close of 16.45 on Friday.
Sectors in action
On the BSE Sectorial front, Oil & Gas (up 2.37%), FMCG (up 1.45%) and Banks (up 0.96%) were the top gainers.
Consumer Durables (down 2.06%), Metals (down 1.21%) and Automobile (down 0.98%) were the top losers.
The Angels and the Devils
Oil and Natural Gas Corporation Ltd (up 3.45%), State Bank of India (up 3.01%), Bharti Airtel Ltd (up 2.38%), Reliance
Industries Ltd (up 2.35%) and ITC Ltd (up 2.34%) were the top gainers on the Sensex.
Dr. Reddys Laboratories Ltd (down 3.08%), Sterlite Industries (India) Ltd (down 2.60%), Tata Consultancy Services
Ltd (down 2.38%), Tata Motors Ltd (down 2.25%) and Coal India Ltd (down 1.83%) were the top losers on the Sensex.
Benchmark Drivers
ITC Ltd (44.95 points), Reliance Industries Ltd (38.65 points), Tata Consultancy Services Ltd (-25.08 points), State

2. ITC Ltd (44.95 points), Reliance Industries Ltd (38.65 points), Tata Consultancy Services Ltd (-25.08 points), State
Bank of India (22.51 points) and Infosys Ltd (22.36 points) were the major Sensex drivers today.
On the other end Reliance Industries Ltd (10.54 points), ITC Ltd (8.35 points), Tata Consultancy Services Ltd (-7.03
points), Oil and Natural Gas Corporation Ltd (6.93 points) and State Bank of India (4.95 points) were the major Nifty
movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5554 for next session. The next support is at 5515 and on upside it has a resistance at
5607 levels.
CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
16-Apr-2013 5422 5461 5515 5554 5607 5646 5700 -
15-Apr-2013 5451 5473 5501 5523 5550 5572 5600 5568.40
12-Apr-2013 5487 5515 5554 5582 5622 5650 5690 5528.55
S&P BSE Sensex has a pivot at 18309 with first level of support and resistance at 18193 and 18473 respectively.
S&P BSE Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
16-Apr-2013 17913 18029 18193 18309 18473 18589 18754 -
15-Apr-2013 18021 18104 18173 18256 18325 18407 18477 18357.80
12-Apr-2013 18226 18312 18427 18513 18628 18714 18829 18242.56
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