Rate sensitive stocks helped the Nifty regain the 6,000 level. The Indian indices traded volatile in the morning but gained over 1% in the afternoon on positive global cues. Key banking stocks like Axis Bank and Kotak Mahindra Bank reported over 20% rise in their Q1 net profits, helping the indices recover lost ground. The Sensex closed up 0.9% at 20,128 points.

1. Rate sensitives help Nifty to regain 6K
Market Summary
18-Jul-2013
Amidst mixed global cues, Indian indices started on a cautious note. Benchmarks traded volatile in tight range but to
the delight of investors buoyed up in late afternoon session. Both frontline gauges as well as broader indices spiked
more than a percent at close. On sectorial front rate sensitives topped the charts.
Globally, US and European edged higher on positive outlook by Fed. Asian markets traded on a mixed note.
Back home, Macquarie had cut India’s growth forecast to 5.3% from an earlier estimate of 6.2%. The research house
has given the above estimate on the grounds of weakening Rupee against Dollar and political uncertainties.
Telecom major, Reliance communications jumped 2.55% on BSE despite company cutting its 3G mobile data prices to
almost half. (Read More)
Key Quarterly Results
Banking major, Axis Bank surged 3.83% on BSE on registering 22.14% rise in Q1 Net at Rs 1408.93 crore as
compared to Rs 1153.52 crore for the same quarter in the previous year. (Read More)
Bajaj Finance plunged 2.47% on BSE despite the company registered 26.71% rise in Q1 Net at Rs 175.74 crore as
against Rs 138.69 crore YoY. (Result)
Kotak Mahindra Bank reported 42.61% jump in Q1 Net at Rs 402.82 crore against Rs 282.45 crore for the
corresponding quarter in the previous year. The stock closed 0.05% up on BSE. (Featured Result)
IDBI Bank spiked 1.22% on BSE despite reporting a fall of 28% in Q1FY14 Net at Rs 306.95 crore as compared to Rs
427.34 crore in Q1FY13. (Result)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1237 and 1145 respectively,
while 172 scrips remained unmoved.
The S&P BSE Sensex ended at 20128.41, up 179.68 points or 0.90%. The 30 share index touched a high and a low
of 20176.90 and 19956.20 respectively. 23 stocks advanced against 7 declining ones on the benchmark index.
The CNX Nifty gained 64.75 points or 1.08% to settle at 6038.05. The index touched high and low of 6051.10 and
5974.55 respectively. 42 stocks advanced against 8 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 6028.58 and gained 0.74% while S&P BSE Small-cap index jumped up by
0.24% to 5738.71.
The broader S&P BSE 500 index increased to 7400.95 (up 1.01%) and CNX 500 index rose to 4647.55 (up 1.08%).
The volatility as denoted by INDIA VIX lost 5.63% at 18.27 from its previous close of 19.36 on Wednesday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 2.53%), Banks (up 2.04%) and Consumer Durables (up 1.72%) were the
top gainers. There was no loser among BSE sectorials.
The Angels and the Devils
Oil and Natural Gas Corporation Ltd (up 4.42%), HDFC Bank (up 3.22%), Bharat Heavy Electricals Ltd (up 3.14%),
Hindalco Industries Ltd (up 2.35%) and Hero MotoCorp Ltd (up 2.34%) were the top gainers on the Sensex.
Mahindra and Mahindra Ltd (down 1.88%), Sterlite Industries (India) Ltd (down 1.73%), NTPC Ltd (down 0.95%), Tata
Consultancy Services Ltd (down 0.82%) and Bajaj Auto Ltd (down 0.67%) were the top losers on the Sensex.

2. Benchmark Drivers
HDFC Bank (48.14 points), Infosys Ltd (28.34 points), Oil and Natural Gas Corporation Ltd (26.85 points), Larsen And
Toubro Ltd (17.03 points) and Bharti Airtel Ltd (11.06 points) were the major Sensex drivers today.
On the other end HDFC Bank (12.15 points), Infosys Ltd (7.31 points), Oil and Natural Gas Corporation Ltd (7.11
points), Housing Development Finance Corporation Ltd (5.29 points) and Larsen And Toubro Ltd (4.27 points) were
the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6021 for next session. The next support is at 5991 and on upside it has a resistance at
6068 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
19-Jul-2013 5915 5945 5991 6021 6068 6098 6144 -
18-Jul-2013 5874 5900 5937 5963 6000 6026 6063 6038.05
17-Jul-2013 5867 5889 5922 5944 5977 5999 6032 5973.30
S&P BSE Sensex has a pivot at 20087 with first level of support and resistance at 19997 and 20218 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
19-Jul-2013 19777 19866 19997 20087 20218 20308 20439 -
18-Jul-2013 19619 19699 19824 19904 20028 20108 20233 20128.41
17-Jul-2013 19463 19556 19704 19797 19945 20038 20186 19948.73
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