The Indian stock markets ended higher led by gains in oil and gas stocks. The Sensex gained 0.74% boosted by buying in oil and gas, telecom and IT sectors. Oil companies rallied after the government announced plans to gradually increase diesel prices and raise the cap on LPG cylinders. HCL Technologies shares rose 4.3% after reporting a 47% rise in quarterly profit. The markets recovered from losses the previous day despite mixed global cues.

1. Markets end in green led by Oil & Gas stocks...HCL Tech marvels yet again
Market Summary
17-Jan-2013
After losing about 0.9% yesterday, the key Indian benchmarks bounced back today despite mixed global cues. The 30
share index, Sensex, ended 0.74% up on the back of sustained buying in Oil & Gas, Telecom and IT sector stocks.
Nifty ended at 6039 levels.
Oil & Gas sector generated a strong buzz today. In a bid to contain the subsidy bill and thereby current account deficit,
Oil Minister Veerappa Moily announced to authorize oil marketing companies (OMCs) to hike diesel prices in small
quantum over a period. As per an estimate OMCs are currently losing over Rs. 9 per liter on diesel which they would
be able to correct going forward. To balance the potential political consequences of diesel price deregulation,
government has raised the cap on subsidized LPG cylinders from 6 to 9 effective from April, 2013. Shares of OMC
companies rallied frenziedly with IOC and HPCL locking in gains of over 6%. BSE Oil & Gas was the top performing
sectorial index with gains of 3.11%. (News)
Telecom stocks Bharti Airtel (up 3.36%), Tata Communication (up 1.21% ) and Reliance Communication (up 2.47%)
surged on BSE after cabinet approved 50% cut in CDMA (Code Division Multiple Access) spectrum price. BSE Teck
Index ended higher by 1.6%. (News)
IT sector continued to excel as HCL Tech joined Infy and TCS in delighting the D-street by posting robust Dec Quarter
numbers. The company recorded a handsome 47% rise in its Q2 Net Profit (standalone) to Rs. 724.72 crore. The
stock shot up to its 12 year high price of Rs. 720.90 before closing 4.3% high on BSE. It was a top performing stock on
Nifty with a rise of 4.48%. Led by HCL Tech and Wipro, BSE IT index continued its bull run with gains of 1.36%.
(Featured Result)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1411 and 1534
respectively, while 144 scrips remained unmoved.
The BSE Sensex ended at 19964.03, up 146.40 points or 0.74%. The 30 share index touched a high and a low of
20005.98 and 19783.41 respectively. 19 stocks advanced against 10 declining ones on the benchmark index.
The S&P CNX Nifty gained 37.35 points or 0.62% to settle at 6039.20. The index touched high and low of 6053.20
and 5988.10 respectively. 31 stocks advanced against 19 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 7182.25 and gained 0.25% while Small-cap index hammered down by 0.03% to
7409.18.
The broader BSE 500 index increased to 7728.04 (up 0.56%) and S&P CNX 500 index rose to 4831.35 (up 0.50%).
The volatility as denoted by INDIA VIX gained 0.14% at 14.01 from its previous close of 13.99 on Wednesday.
Sectors in action
On the BSE Sectorial front, Oil & Gas (up 3.11%), Real Estate (up 2.05%) and Information Technology (up 1.36%)
were the top gainers.
Capital Goods (down 0.62%) and Healthcare (down 0.15%) were the top losers.
The Angels and the Devils
Oil and Natural Gas Corporation Ltd (up 3.66%), Reliance Industries Ltd (up 3.40%), Bharti Airtel Ltd (up 3.36%), Tata
Motors Ltd (up 2.67%) and Wipro Ltd (up 2.63%) were the top gainers on the Sensex.
Cipla Ltd (down 2.09%), ICICI Bank (down 1.39%), Bajaj Auto Ltd (down 1.14%), Hindalco Industries Ltd (down 0.93%)
and Hero MotoCorp Ltd (down 0.92%) were the top losers on the Sensex.
Benchmark Drivers
Reliance Industries Ltd (61.94 points), Oil and Natural Gas Corporation Ltd (22.60 points), ICICI Bank (-22.51 points),
Bharti Airtel Ltd (18.19 points) and Tata Motors Ltd (17.91 points) were the major Sensex drivers today.

2. On the other end Reliance Industries Ltd (15.30 points), ICICI Bank (-6.00 points), Oil and Natural Gas Corporation Ltd
(5.47 points), Housing Development Finance Corporation Ltd (-4.94 points) and Tata Motors Ltd (4.70 points) were the
major Nifty movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 6027 for next session. The next support is now at 6000 and on upside it has a
resistance at 6066 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
18-Jan-2013 5935 5962 6000 6027 6066 6092 6131 -
17-Jan-2013 5913 5953 5977 6017 6041 6081 6105 6039.20
16-Jan-2013 5977 5998 6027 6048 6077 6098 6127 6001.85
Sensex has a pivot at 19918 with first level of support and resistance at 19830 and 20052 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
18-Jan-2013 19607 19695 19830 19918 20052 20140 20275 -
17-Jan-2013 19504 19644 19731 19870 19957 20096 20183 19964.03
16-Jan-2013 19745 19813 19900 19968 20055 20124 20210 19817.63
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