- The Sensex gained 150 points to close near 20,000 and the Nifty closed just below 5,900 as global markets were optimistic ahead of the FOMC outcome. - FDI rose nearly 13% in July from a year ago, with large inflows into services, pharmaceuticals, automobiles and construction. The government hiked import duty on gold and silver jewelry to 15% to reduce the current account deficit. - Most sector indices closed higher led by real estate, banks and FMCG. NTPC, Tata Power and Dr. Reddy's were among the top gainers while BHEL and Hero MotoCorp lost the most.

1. Sensex eyes 20K ahead of FOMC outcome; Nifty @ 5900
Market Summary
18-Sep-2013
Following a cautious start, Indian indices got some strength from optimistic global trades and appreciating Rupee
against foreign currencies. Markets climbed in late noon session with Sensex adding 150 points to eye 20K and Nifty
closed just shy of 5900. Among BSE sectorials, all sectors ended in green and rate sensitives topped the charts.
On global front, the US and European indices shined on the hopes that Fed will make only moderate changes to its
stimulus. On the flip side, most of the Asian benchmarks traded in red ahead of FOMC release.
Back home, Foreign direct investment (FDI) rose 12.9% to $1.66 billion in July from $1.47 billion on y-o-y basis. This
was the highest number in the previous three months. The sectors that received large inflows during the first four
months of FY14 include services ($1.02 billion), pharmaceuticals ($1 billion), automobile industry ($637 million) and
construction ($359 million). (Read More)
To balance the burgeoning Current Account Deficit (CAD), the government has hiked the import duty on gold and silver
jewellery from 10% to 15%. Tribhovandas Bhimji Zaveri (TBZ) (up 2.90%), PC Jeweller (up 4.43%) and Titan
Industries (up 0.45%) shined on import duty hike. (Read More)
Goldman Sachs maintained "underweight" rating on Indian shares in its Asia Pacific portfolio. The rating agency
maintained its Nifty target at 5700 citing the challenged macro outlook which may lead to lower valuations.
PSU major, Bank of India climbed 3.32% on BSE as the bank is planning to raise around Rs 1500 crore through Basel
III compliant bonds to boost its tier II capital for business growth. (Read More)
SKS Microfinance rallied 8% on BSE as the company secured ‘A’ rating for its long-term and ‘A1’ rating for its short-
term bank facilities for an aggregate sum of Rs. 2000 crore. (Read More)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1261 and 1139 respectively,
while 173 scrips remained unmoved.
The S&P BSE Sensex ended at 19962.16, up 158.13 points or 0.80%. The 30 share index touched a high and a low
of 20013.33 and 19775.29 respectively. 24 stocks advanced against 6 declining ones on the benchmark index.
The CNX Nifty gained 49.25 points or 0.84% to settle at 5899.45. The index touched high and low of 5916.90 and
5840.20 respectively. 37 stocks advanced against 13 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 5601.25 and gained 0.45% while S&P BSE Small-cap index jumped up by
0.08% to 5477.47.
The broader S&P BSE 500 index increased to 7149.85 (up 0.71%) and CNX 500 index rose to 4478.35 (up 0.76%).
The volatility as denoted by INDIA VIX lost 0.86% at 27.69 from its previous close of 27.93 on Tuesday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 2.03%), Banks (up 1.56%) and FMCG (up 1.37%) were the top gainers.
There was no loser among BSE sectorials.
The Angels and the Devils
NTPC Ltd (up 3.28%), Tata Power Company Ltd (up 3.11%), Dr. Reddys Laboratories Ltd (up 2.64%), State Bank of
India (up 2.38%) and Hindustan Unilever Ltd (up 2.21%) were the top gainers on the Sensex.
Bharat Heavy Electricals Ltd (down 4.76%), Hero MotoCorp Ltd (down 2.84%), Sesa Goa Ltd (down 1.58%), Housing
Development Finance Corporation Ltd (down 0.61%) and Mahindra and Mahindra Ltd (down 0.47%) were the top
losers on the Sensex.
Benchmark Drivers
ITC Ltd (31.27 points), Reliance Industries Ltd (26.10 points), Hindustan Unilever Ltd (17.88 points), HDFC Bank

2. ITC Ltd (31.27 points), Reliance Industries Ltd (26.10 points), Hindustan Unilever Ltd (17.88 points), HDFC Bank
(17.51 points) and State Bank of India (14.23 points) were the major Sensex drivers today.
On the other end ITC Ltd (8.05 points), Reliance Industries Ltd (7.35 points), HDFC Bank (4.73 points), Hindustan
Unilever Ltd (4.40 points) and Larsen And Toubro Ltd (3.92 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5886 for next session. The next support is at 5854 and on upside it has a resistance at
5931 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
19-Sep-2013 5777 5809 5854 5886 5931 5962 6008 -
18-Sep-2013 5765 5785 5817 5838 5870 5891 5923 5899.45
17-Sep-2013 5614 5706 5773 5865 5932 6024 6092 5850.20
S&P BSE Sensex has a pivot at 19917 with first level of support and resistance at 19821 and 20059 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
19-Sep-2013 19582 19679 19821 19917 20059 20155 20297 -
18-Sep-2013 19503 19569 19687 19753 19870 19937 20054 19962.16
17-Sep-2013 19040 19318 19530 19808 20021 20299 20511 19804.03
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