- The Indian stock market plunged on November 20, with the Sensex falling 255 points and Nifty dropping 80 points, snapping a three-day rally. The decline was driven by cautious comments from US Fed Chairman Ben Bernanke about tapering bond purchases. - Most global and domestic sectors traded in the red, with banking and consumer sectors among the top losers in India. However, some sugar and pharmaceutical stocks rallied on company-specific news. - The markets declined through the session and saw increased volatility. Most breadth indicators were negative as declining stocks outweighed advancing ones.

1. Snapping 3-day rally markets plunge in deep red; Sensex sheds 255 points
Market Snapshot | 20-11-2013 04:20 PM
Snapping three days of Bull Run, Indian equity indices made a gap down start. The markets remained in negative
terrain throughout the session on Ben Bernanke’s cautious statement. Sluggish benchmarks experienced a free fall
towards the end before closing near day’s low levels with Nifty cracking 1.3%. On BSE sectorial front, Bankex was the
top laggard. Only Metals offered some resistance with S&P Metals managing Advance Decline ratio of 5:5. The
breadth remained negative in all other indices.
Among global peers, US, Asian and European indices traded mostly in red on subdued comments from Fed Chairman.
Ben Bernanke said that Fed will maintain the ultra-easy US monetary policy as per the needs and may initiate tapering
bond buying after assuring the continuity of improvements in the labor market.
Back home, Realty bellwether Housing Development & Infrastructure Ltd (HDIL) gained 0.52% on BSE after global firm
Merrill Lynch reportedly bought 21.9 lac shares of the company via open market transactions. (Read More)
Wyeth Ltd and Pfizer rallied 20% and 5.17% on BSE despite negative sentiments in the market as the companies are
reportedly in merger talks. Pfizer had hit 27 month high at Rs 1523 on BSE today.
Sugar stocks of Bajaj Hindusthan, Balrampur Chini and Dhampur Sugar zoomed 13.85%, 9.65% and 19% respectively
on BSE ahead of an informal meeting of ministers on the sugar crisis today.
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1280 and 1311
respectively, while 155 scrips remained unmoved.
The S&P BSE Sensex ended at 20635.13, down 255.69 points or 1.22%. The 30 share index touched a high and a
low of 20895.30 and 20579.94 respectively. 4 stocks advanced against 26 declining ones on the benchmark index.
The CNX Nifty lost 80.45 points or 1.30% to settle at 6122.90. The index touched high and low of 6204.35 and
6106.95 respectively. 7 stocks advanced against 43 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved down to 6235.71 and lost 0.10% while S&P BSE Small-cap index jumped up by
0.23% to 6046.34.
The broader S&P BSE 500 index decreased to 7529.18 (down 0.99%) and CNX 500 index declined to 4720.05 (down
1.08%).
The volatility as denoted by INDIA VIX gained 7.93% at 20.83 from its previous close of 19.30 on Tuesday.
Sectors in action
On the BSE Sectorial front, Metals (up 0.16%) was the sole gainer.
Banks (down 1.76%), Consumer Durables (down 1.63%) and Automobile (down 1.23%) were the top losers.
The Angels and the Devils
Coal India Ltd (up 1.83%), Sesa Sterlite Ltd (up 0.95%), Tata Power Company Ltd (up 0.76%) and Tata Steel Ltd (up
0.48%) were the top gainers on the Sensex.
ICICI Bank (down 2.84%), Hindalco Industries Ltd (down 2.50%), Bharti Airtel Ltd (down 2.44%), Hero MotoCorp Ltd
(down 2.07%) and Bajaj Auto Ltd (down 1.97%) were the top losers on the Sensex.
Benchmark Drivers
ICICI Bank (-41.53 points), Reliance Industries Ltd (-27.44 points), Infosys Ltd (-23.53 points), HDFC Bank (-22.94
points) and Larsen And Toubro Ltd (-17.15 points) were the major Sensex drivers today.
On the other end ICICI Bank (-12.00 points), Reliance Industries Ltd (-8.17 points), HDFC Bank (-5.83 points), Infosys
Ltd (-5.77 points) and Larsen And Toubro Ltd (-4.67 points) were the major Nifty movers today.

2. Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6145 for next session. The next support is at 6085 and on upside it has a resistance at
6183 levels.
CNX Nifty
Eff. Date
21-Nov-2013
20-Nov-2013
19-Nov-2013
S3
5988
6153
6048
S2
6047
6166
6079
S1
6085
6185
6134
PIVOT
6145
6199
6165
R1
6183
6217
6220
R2
6242
6231
6252
R3
6280
6249
6307
Actual Close
6122.90
6203.35
S&P BSE Sensex has a pivot at 20703 with first level of support and resistance at 20512 and 20827 respectively.
S&P BSE Sensex
Eff. Date
21-Nov-2013
20-Nov-2013
19-Nov-2013
S3
20196
20729
20360
Follow us on
S2
20388
20779
20465
S1
20512
20835
20658
PIVOT
20703
20885
20763
R1
20827
20941
20956
R2
21019
20990
21062
R3
21142
21046
21254
Actual Close
20635.13
20890.82
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