On October 18, 2012, Indian markets closed 1% higher with the BSE Sensex ending at 18791.93 and the Nifty surpassing 5700, driven by strong performances from ITC, Jaiprakash Associates, and Axis Bank. Major gainers included Tata Power and State Bank of India, while Kingfisher Airlines faced a decline of 5% due to unresolved salary issues. Corporate results showed notable profit increases for ACC Limited and Maharashtra Scooters, while Dish TV reported a turnaround to profitability.

1. Markets rise 1%...ITC hits all time high
Market Summary
18-Oct-2012
After a firm opening on positive global cues and following a marginal fall subsequently, the markets recovered the
losses and posted handsome gains at the close. Sensex as well as Nifty rallied about 1% with Nifty surpassing the
crucial 5700. Jaiprakash Associates and Axis Bank were the top two Nifty gainers rising by over 4% each.
ITC today made its all time high at 292 (NSE) ahead of its Q2 results tomorrow.
IL&FS Transportation rose 1.26% (NSE) on inking financial tie-up for Rs 396 crore with State Bank of Patiala and
other Senior Lenders. (News)
Kingfisher Airlines had hit lower circuit and fell 5% after the company's meeting with employees failed to resolve the
issue of unpaid salaries.
Key Results
ACC Limited: The company has posted a rise of 48.40% in its net profit at Rs 248.67 crore for the quarter ended
September 30, 2012 as compared to Rs 167.57 crore for the same quarter in the previous year. Company’s total
income from operation registered growth of 10.17% at Rs 2473.92 crore for quarter under review as compared to Rs
2248.67 crore for the quarter ended September 30, 2011. The stock closed 0.53% down on BSE today. ( Featured
Result)
Maharashtra Scooters: The company has posted a rise of 23.04% in its net profit at Rs 42.99 crore for the quarter
ended September 30, 2012 as compared to Rs 34.94 crore for the same quarter in the previous year. The stock
gained marginally (0.27%) on BSE. (News)
Dish TV India: On standalone basis, the company has reported a net profit of Rs 55.09 crore for the quarter ended
September 30, 2012 against net loss of Rs 48.56 crore for the corresponding period last fiscal. The stock closed
3.17% down on BSE today. (News)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1734 and 1113 respectively,
while 146 scrips remained unmoved.
The BSE Sensex ended at 18791.93, up 181.16 points or 0.97%. The 30 share index touched a high and a low of
18806.56 and 18576.41 respectively. 24 stocks advanced against 6 declining ones on the benchmark index.
The S&P CNX Nifty gained 58.45 points or 1.03% to settle at 5718.70. The index touched high and low of 5722.50
and 5650.55 respectively. 39 stocks advanced against 11 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 6706.82 and gained 1.16% while Small-cap index jumped up by 0.86% to
7193.89.
The broader BSE 500 index increased to 7257.70 (up 1.04%) and S&P CNX 500 index rose to 4535.20 (up 1.04%).
The volatility as denoted by INDIA VIX lost 2.70% at 14.76 from its previous close of 15.17 on Wednesday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 2.58%), Banks (up 2.09%) and Consumer Durables (up 1.50%) were the
top gainers.
Healthcare (down 0.30%) was the top loser.
The Angels and the Devils
Tata Power Company Limited (up 3.13%), State Bank of India (up 2.80%), Tata Motors Limited (up 2.00%), Hero
MotoCorp Ltd. (up 1.89%) and Tata Consultancy Services Limited (up 1.85%) were the top gainers on the Sensex.
Wipro Limited (down 1.97%), Sun Pharmaceutical Industries Limited (down 1.73%), Bharti Airtel Limited (down 1.63%),
GAIL (India) Limited (down 0.57%) and Oil and Natural Gas Corporation Limited (down 0.20%) were the top losers on

2. GAIL (India) Limited (down 0.57%) and Oil and Natural Gas Corporation Limited (down 0.20%) were the top losers on
the Sensex.
Benchmark Drivers
ITC Limited (24.87 points), State Bank of India (22.28 points), ICICI Bank (21.06 points), HDFC Bank (19.11 points)
and Larsen And Toubro Limited (18.41 points) were the major Sensex drivers today.
On the other end State Bank of India (5.75 points), ITC Limited (5.53 points), ICICI Bank (5.33 points), HDFC Bank
(4.59 points) and Larsen And Toubro Limited (4.28 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5697 for next session. On the downside the next support is at 5672 while on upside it
has a resistance at 5744 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
19-Oct-2012 5600 5625 5672 5697 5744 5769 5816 -
18-Oct-2012 5584 5609 5635 5660 5685 5710 5736 5718.70
17-Oct-2012 5539 5587 5618 5666 5696 5744 5775 5660.25
Sensex has a pivot at 18725 with first level of support and resistance at 18643 and 18874 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
19-Oct-2012 18413 18495 18643 18725 18874 18955 19104 -
18-Oct-2012 18359 18447 18529 18617 18699 18787 18869 18791.93
17-Oct-2012 18232 18391 18484 18643 18736 18895 18988 18610.77
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