Choppy markets end in green as S&P keeps status quo on India rating

1. Choppy markets end in green as S&P keeps status quo on India rating
Market Summary
17-May-2013
Indian equity markets were seen following a volatile and range bound pattern today. Tailing weak global cues, markets
traded mostly in red with Nifty seen hovering around 6150. Among sectorial indices, S&P BSE Power was the front-
runner, on the other hand S&P Consumer Durables topped the laggards. Sentiments improved towards the close as
international rating agency Standard & Poor's (S&P) has retained BBB- sovereign rating for India. The agency has
warned of a downgrade if India fails to pursue economic reforms and improve the macro fundamentals including fiscal
deficit and current account deficit. Benchmarks ended marginally in green with Sensex touching its 30-month high on
intraday basis.
Giving relief to major cement companies, the Competition Appellate Tribunal (COMPAT) passed a stay order on the
total penalty of Rs 6307 crore with a condition to pay 10% of the amount within a month. Penalty was imposed by fair
trade regulator CCI for forming cartel in the sector. Stocks of cement companies ACC, Ambuja Cement, Ultra Tech
Cements, Heidelberg Cement, Gujarat Sidhee Cement, India cement were up 0.71%, 2.06%, 0.77%, 7.79% and 4.97%
respectively on BSE.
JM Financial surged 13.38% after making fresh 52 week high at Rs 27.50 on BSE as the company’s board approved
the issue of 11.65 million warrants to former Citgroup chief Vikram Pandit and Hari Aiyar at a price of Rs 19.50 per
share on preferential basis. (News)
Key Quarterly Results
ITC ended 0.62% down despite posting 19.43% rise in Q4 Net at Rs 1927.98 crore. (Featured Result)
Sun TV Network dived 3.17% on BSE despite reporting 11.61% jump in Q4 Net at Rs 177.50 crore. (Result)
Reliance Capital ended flat after reporting a fall of 79.72% in its net profit at Rs 72 crore in Q4FY13. (News)
Arvind plunged 1.75% on BSE despite its consolidated net profit jumped 13 percent at Rs 76 crore in fourth quarter.
DB Corp spiked 1.38% on BSE after posting March Quarter consolidated net profit at Rs 55.3 crore versus Rs 45.4
crore year-on-year.
T he market breadth on the BSE closed in negative. Advancing and declining stocks were 1163 and 1263
respectively, while 150 scrips remained unmoved.
The S&P BSE Sensex ended at 20286.12, up 38.79 points or 0.19%. The 30 share index touched a high and a low of
20328.19 and 20155.01 respectively. 16 stocks advanced against 14 declining ones on the benchmark index.
The CNX Nifty gained 17.40 points or 0.28% to settle at 6187.30. The index touched high and low of 6199.95 and
6146.15 respectively. 29 stocks advanced against 21 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 6613.98 and gained 0.33% while S&P BSE Small-cap index jumped up by
0.13% to 6199.19.
The broader S&P BSE 500 index increased to 7695.35 (up 0.29%) and CNX 500 index rose to 4847.10 (up 0.35%).
The volatility as denoted by INDIA VIX lost 0.96% at 17.57 from its previous close of 17.74 on Thursday.
Sectors in action
On the BSE Sectorial front, Power (up 3.08%), Capital Goods (up 2.95%) and Real Estate (up 2.02%) were the top
gainers.
Consumer Durables (down 0.72%), Healthcare (down 0.39%) and Metals (down 0.33%) were the top losers.
The Angels and the Devils
Bharat Heavy Electricals Ltd (up 4.00%), NTPC Ltd (up 2.24%), ICICI Bank (up 1.92%), Larsen And Toubro Ltd (up

2. Bharat Heavy Electricals Ltd (up 4.00%), NTPC Ltd (up 2.24%), ICICI Bank (up 1.92%), Larsen And Toubro Ltd (up
1.84%) and Bajaj Auto Ltd (up 1.44%) were the top gainers on the Sensex.
Bharti Airtel Ltd (down 1.96%), Dr. Reddys Laboratories Ltd (down 1.80%), Sterlite Industries (India) Ltd (down 1.32%),
Maruti Suzuki India Ltd (down 1.00%) and Wipro Ltd (down 0.94%) were the top losers on the Sensex.
Benchmark Drivers
ICICI Bank (31.84 points), Larsen And Toubro Ltd (19.30 points), ITC Ltd (-13.78 points), Reliance Industries Ltd (-
12.18 points) and Infosys Ltd (10.83 points) were the major Sensex drivers today.
On the other end ICICI Bank (7.94 points), Larsen And Toubro Ltd (5.09 points), Tata Consultancy Services Ltd (3.48
points), ITC Ltd (-3.47 points) and Infosys Ltd (2.80 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6178 for next session. The next support is at 6156 and on upside it has a resistance at
6209 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
20-May-2013 6102 6124 6156 6178 6209 6232 6263 -
17-May-2013 6077 6103 6136 6162 6195 6221 6254 6187.30
16-May-2013 5920 5969 6058 6108 6196 6246 6335 6169.90
S&P BSE Sensex has a pivot at 20256 with first level of support and resistance at 20185 and 20358 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
20-May-2013 20012 20083 20185 20256 20358 20430 20531 -
17-May-2013 20000 20081 20164 20245 20328 20410 20493 20286.12
16-May-2013 19483 19641 19927 20084 20371 20528 20814 20247.33
Follow us on This content is generated at www.finalaya.com and is governed by the Terms of Use.