The Indian stock market ended lower for the fifth consecutive session amid high volatility. The Sensex closed down 0.48% and the Nifty fell 0.63% as real estate and power stocks declined. Tata Motors dropped 4.22% on concerns about emission standards in China impacting Jaguar Land Rover sales. Bharti Airtel gained 5.99% after its largest shareholder defended the company's chairman in a 2G case. Mid-cap and small-cap indices also closed lower as the market breadth was negative.

1. Benchmarks end in red for fifth-straight session amid huge volatility
Market Summary
21-Mar-2013
After a positive start, Indian equity indices dipped in late morning session to touch day’s low but soon recovered with
Sensex adding 100 points. Later benchmarks again dived with Reality index as the laggard on sectoral front. European
markets were also trading in negative terrain. Markets ended in red continuing their losing streak for fifth day in a row.
Nifty touched lowest level of 2013.
Tata Motors plunged 4.22% on BSE as changes in emission norms in China might hit sales of its subsidiary Jaguar
land Rover (JLR). JLR accounts 20% of the revenue, 23% sales and 50% of profit from China.
Bharti Airtel was the top gainer on Sensex and Nifty, spurted 5.99% on BSE after Sing Tel, owning 30% of the
company defended the chairman Sunil Mittal named in 2G case.
ICICI Bank soared 3.35% on BSE after plunging for four consecutive sessions on the back of money laundering
allegations by CobraPost sting.
Titan Industries gained 2.13% on BSE after research firm Morgan Stanley upgraded the stock to “equal-weight” with a
target price Rs 245.
Ultra Tech Cement ended 0.55% up on BSE after Deutsche Bank upgraded it to “buy” with a target of Rs 2100.
Steel Authority of India (SAIL) dipped 1.77% and made fresh 52 week low at Rs 63.55 for second day in a row on BSE
ahead of Offer for Sale (OFS) tomorrow. Government will offload 5.82% stake in the company through OFS, the floor
price for which is scheduled to be decided after market hours today.
The market breadth on the BSE closed in negative. Advancing and declining stocks were 959 and 1971 respectively,
while 131 scrips remained unmoved.
The S&P BSE Sensex ended at 18792.87, down 91.32 points or 0.48%. The 30 share index touched a high and a
low of 19082.29 and 18756.65 respectively. 11 stocks advanced against 19 declining ones on the benchmark index.
The CNX Nifty lost 35.65 points or 0.63% to settle at 5658.75. The index touched high and low of 5757.75 and
5647.95 respectively. 13 stocks advanced against 37 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 6095.84 and lost 1.07% while S&P BSE Small-cap index hammered
down by 1.23% to 5829.10.
The broader S&P BSE 500 index decreased to 7048.45 (down 0.79%) and CNX 500 index declined to 4413.50 (down
0.73%).
The volatility as denoted by INDIA VIX lost 0.90% at 16.51 from its previous close of 16.66 on Wednesday.
Sectors in action
On the BSE Sectorial front, Consumer Durables (up 0.78%) and Information Technology (up 0.27%) were the top
gainers.
Real Estate (down 2.91%), Power (down 2.38%) and Capital Goods (down 2.30%) were the top losers.
The Angels and the Devils
Bharti Airtel Ltd (up 5.99%), ICICI Bank (up 3.35%), Housing Development Finance Corporation Ltd (up 2.09%), Jindal
Steel and Power Ltd (up 1.02%) and Wipro Ltd (up 0.99%) were the top gainers on the Sensex.
Bajaj Auto Ltd (down 4.61%), Tata Motors Ltd (down 4.22%), Tata Power Company Ltd (down 4.06%), HDFC Bank
(down 3.14%) and Larsen And Toubro Ltd (down 2.85%) were the top losers on the Sensex.
Benchmark Drivers
ICICI Bank (46.05 points), HDFC Bank (-44.41 points), Housing Development Finance Corporation Ltd (28.48 points),

2. ICICI Bank (46.05 points), HDFC Bank (-44.41 points), Housing Development Finance Corporation Ltd (28.48 points),
Larsen And Toubro Ltd (-26.94 points) and Bharti Airtel Ltd (26.65 points) were the major Sensex drivers today.
On the other end ICICI Bank (11.69 points), HDFC Bank (-10.51 points), Housing Development Finance Corporation
Ltd (7.69 points), Bharti Airtel Ltd (7.12 points) and Larsen And Toubro Ltd (-6.92 points) were the major Nifty movers
today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5688 for next session. The next support is at 5619 and on upside it has a resistance at
5728 levels.
CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
22-Mar-2013 5509 5578 5619 5688 5728 5798 5838 -
21-Mar-2013 5606 5644 5669 5707 5732 5770 5795 5658.75
20-Mar-2013 5553 5639 5692 5778 5832 5917 5971 5694.40
S&P BSE Sensex has a pivot at 18877 with first level of support and resistance at 18672 and 18998 respectively.
S&P BSE Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
22-Mar-2013 18347 18552 18672 18877 18998 19203 19324 -
21-Mar-2013 18613 18725 18805 18916 18996 19108 19187 18792.87
20-Mar-2013 18400 18670 18839 19109 19278 19548 19717 18884.19
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