Following a positive start, market trimmed gains in the afternoon session and dipped in red. Amid volatility, markets extended losses and closed about 0.70% down.

1. Volatile markets end 0.7% down
Market Summary
16-Oct-2012
Following a positive start, market trimmed gains in the afternoon session and dipped in red. Amid volatility, markets
extended losses and closed about 0.70% down.
RIL’s Q2 net profit was inline with estimates and dipped 6% YoY. The stock closed down by 1.29% (NSE). (Result)
Axis Bank gained 2.49% (BSE) despite of the negative market after it registered 22% growth in Net Profit of Q2.
(Featured Result)
Mahindra Satyam gained 1.21% (NSE) on inking MoU with University of Petroleum & Energy Studies. (News)
Tata Motors dipped 2.64% (NSE) after 4% fall in September global sales. (News)
PVR Limited has soared 2.39% (NSE) and also touched its highest level since March 2008 at 235.
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1181 and 1701
respectively, while 121 scrips remained unmoved.
The BSE Sensex ended at 18577.70, down 135.85 points or 0.73%. The 30 share index touched a high and a low of
18801.10 and 18549.28 respectively. 7 stocks advanced against 23 declining ones on the benchmark index.
The S&P CNX Nifty lost 39.25 points or 0.69% to settle at 5648.00. The index touched high and low of 5714.00 and
5635.60 respectively. 13 stocks advanced against 37 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved down to 6633.01 and lost 0.72% while Small-cap index hammered down by 0.41% to
7111.01.
The broader BSE 500 index decreased to 7172.10 (down 0.69%) and S&P CNX 500 index declined to 4480.45 (down
0.70%).
The volatility as denoted by INDIA VIX lost 2.08% at 15.57 from its previous close of 15.90 on Monday.
Sectors in action
On the BSE Sectorial front, Consumer Durables (up 0.21%) was the top gainer.
Real Estate (down 3.05%), Metals (down 1.89%) and Capital Goods (down 1.51%) were the top losers.
The Angels and the Devils
Maruti Suzuki India Limited (up 2.13%), Hero MotoCorp Ltd. (up 1.70%), Bharti Airtel Limited (up 1.65%), Sun
Pharmaceutical Industries Limited (up 0.52%) and Housing Development Finance Corporation Limited (up 0.47%) were
the top gainers on the Sensex.
Mahindra and Mahindra Limited (down 3.66%), Tata Motors Limited (down 2.62%), Tata Steel Limited (down 2.45%),
Hindalco Industries Ltd. (down 2.38%) and Sterlite Industries (India) Limited (down 2.26%) were the top losers on the
Sensex.
Benchmark Drivers
Reliance Industries Limited (-21.12 points), Larsen And Toubro Limited (-18.51 points), Mahindra and Mahindra
Limited (-17.21 points), ICICI Bank (-15.16 points) and Tata Motors Limited (-14.77 points) were the major Sensex
drivers today.
On the other end Reliance Industries Limited (-5.67 points), Larsen And Toubro Limited (-5.00 points), Mahindra and
Mahindra Limited (-4.50 points), Tata Motors Limited (-3.75 points) and ICICI Bank (-3.51 points) were the major Nifty
movers today.

2. Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5666 for next session. The next support is at 5618 and on upside it has a resistance
at 5696 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
17-Oct-2012 5539 5587 5618 5666 5696 5744 5775 -
16-Oct-2012 5618 5635 5661 5677 5704 5720 5746 5648.00
15-Oct-2012 5583 5621 5649 5687 5714 5752 5780 5687.25
Sensex has a pivot at 18643 with first level of support and resistance at 18484 and 18736 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
17-Oct-2012 18232 18391 18484 18643 18736 18895 18988 -
16-Oct-2012 18502 18549 18631 18679 18761 18809 18891 18577.70
15-Oct-2012 18388 18513 18594 18719 18800 18925 19006 18713.55
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