On November 16, 2012, markets fell to two-month lows due to weak global signals, with the Nifty index losing 1.01% and the Sensex down 0.88%. Bharti Airtel's stock increased by 3.82% after a rating upgrade, while several other stocks, including Tata Coffee and L&T Finance, experienced notable volatility. The broader market showed negative breadth, with declining stocks outnumbering advancers significantly.

1. Markets plunge to 2 months lows on weak global cues; Bharti Airtel shines
again
Market Summary
16-Nov-2012
Following a flat opening, markets traded in positive territory for most part of the day before drifting in negative territory
in late afternoon session on weak European cues. Intense selling pressure, specially on rate sensitive counters,
caused Nifty to break its 2 months low while losing a percentage point at the close. Market players were found nervous
ahead of the beginning of a new parliamentary session on Nov 22.
Bharti Airtel rallied 3.82% on after Bank of America Merill Lynch upgraded the stock from "Neutral" to "Buy".
Tata Coffee hit a fresh all time high at Rs 1562.45 on BSE today before closing 5.89% up. The stock is on uptrend
since its second quarter result on October 22.
L&T finance holdings made a new all time high at Rs 89.25 but closed down by 3.07% on BSE.
Zylog Systems made its 52 week low today at Rs 72.25 on BSE and closed 5% down after its Q2 net declined 55%.
(News)
Graphite India closed up by 2.94% on BSE after reporting 11% rise in Q2 net profit. (News)
Dhanlaxmi Bank closed down by 4.32% on BSE after it reported a net loss of Rs 18.62 crore in Q2. (News)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1109 and 1747
respectively, while 108 scrips remained unmoved.
The BSE Sensex ended at 18309.37, down 162.00 points or 0.88%. The 30 share index touched a high and a low of
18563.32 and 18266.76 respectively. 6 stocks advanced against 24 declining ones on the benchmark index.
The S&P CNX Nifty lost 56.95 points or 1.01% to settle at 5574.05. The index touched high and low of 5650.15 and
5559.80 respectively. 7 stocks advanced against 43 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved down to 6658.33 and lost 0.89% while Small-cap index hammered down by 1.13% to
7110.75.
The broader BSE 500 index decreased to 7123.69 (down 1.01%) and S&P CNX 500 index declined to 4451.10 (down
1.02%).
The volatility as denoted by INDIA VIX gained 4.44% at 16.22 from its previous close of 15.53 on Thursday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 0.43%) was the top gainer.
Real Estate (down 3.36%), Banks (down 1.61%) and Automobile (down 1.50%) were the top losers.
The Angels and the Devils
Bharti Airtel Ltd (up 3.47%), Infosys Ltd (up 2.08%), Dr. Reddys Laboratories Ltd (up 1.83%), Coal India Ltd (up
0.85%) and Oil and Natural Gas Corporation Ltd (up 0.77%) were the top gainers on the Sensex.
ICICI Bank (down 2.65%), Tata Motors Ltd (down 2.64%), Cipla Ltd (down 2.33%), Hindustan Unilever Ltd (down
2.27%) and State Bank of India (down 2.13%) were the top losers on the Sensex.
Benchmark Drivers
ICICI Bank (-38.28 points), Infosys Ltd (27.73 points), Housing Development Finance Corporation Ltd (-24.44 points),
Reliance Industries Ltd (-19.63 points) and State Bank of India (-16.49 points) were the major Sensex drivers today.
On the other end ICICI Bank (-9.46 points), Housing Development Finance Corporation Ltd (-8.03 points), Infosys Ltd

2. On the other end ICICI Bank (-9.46 points), Housing Development Finance Corporation Ltd (-8.03 points), Infosys Ltd
(6.89 points), Reliance Industries Ltd (-5.06 points) and Bharti Airtel Ltd (4.43 points) were the major Nifty movers
today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5595 for next session. The next support is at 5539 and on upside it has a resistance
at 5630 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
19-Nov-2012 5449 5504 5539 5595 5630 5685 5720 -
16-Nov-2012 5558 5581 5606 5629 5654 5677 5702 5574.05
15-Nov-2012 5636 5653 5663 5681 5691 5708 5718 5631.00
Sensex has a pivot at 18380 with first level of support and resistance at 18196 and 18493 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
19-Nov-2012 17900 18083 18196 18380 18493 18676 18789 -
16-Nov-2012 18204 18306 18389 18491 18574 18676 18759 18309.37
15-Nov-2012 18504 18569 18603 18668 18702 18767 18801 18471.37
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