The S&P BSE Sensex declined by 112.37 points, closing at 20111.61, driven down by weak global cues and a falling rupee, with rate-sensitive sectors like reality and auto facing significant losses. Major pharmaceutical stocks also suffered declines due to a new drug policy, while Coal India's net profit surged, benefiting its stock performance. Overall market breadth was negative, with more declining stocks than advancing ones across various indices.

1. Sensex sheds a ton on weak global cues...rate sensitives drag
Market Summary
21-May-2013
Benchmarks started marginally in green but soon slipped in red amid global woes. Weakened Rupee caused markets
dipping further with S&P Sensex shedding more than a ton. Rate sensitive counters Reality and Auto were the
laggards among sectorials. Nifty lost 0.70% to close above 6100.
Rupee fell further against USD. As per RBI reference rate current rate is 55.0395 per USD.
Globally, US markets edged lower ahead of Fed meeting. It is speculated that Fed may harden its stance against
stimulus. Most of the Asian and European Indices were also in negative zone.
Back Home, Pharmaceutical stocks Cadila Healthcare, Dr. Reddy’s Labs, IPCA Lab, Ranbaxy Labs and Unichem
dipped 2.43%, 1.37%, 1.50%, 1.76% and 1.16% respectively as the New Drug Policy has been introduced which will
benefit consumers with lowered prices of 348 medicines, including lifesaving drugs. The prices will come down by up
to 80 per cent. (What’s Hot)
Omaxe Ltd crashed 7.24% on BSE on setting a discounted floor price of Rs 148 per share for offer for sale.
Key Quarterly Results
Coal India shined 2.11% on BSE after posting a jump of 89.67% in Q4 Net Profit at Rs 2320.61 crore. (Featured
Result)
Divi’s Laboratories plunged 7.29% on BSE after a fall of 15.34% in Q4 Net at Rs 181.83 crore. (Result)
IFCI slipped 2.35% on BSE on posting 31.61% fall in Q4 Net at Rs 149.94 crore. (Result)
Adani Enterprises’ Net declined by 143.16% in Q4 at a loss of Rs 73.60 crore. The stock closed 1.32% down on BSE.
(Result)
The market breadth on the BSE closed in negative. Advancing and declining stocks were 973 and 1456 respectively,
while 152 scrips remained unmoved.
The S&P BSE Sensex ended at 20111.61, down 112.37 points or 0.56%. The 30 share index touched a high and a
low of 20308.04 and 20072.68 respectively. 9 stocks advanced against 21 declining ones on the benchmark index.
The CNX Nifty lost 42.80 points or 0.70% to settle at 6114.10. The index touched high and low of 6180.25 and
6102.35 respectively. 14 stocks advanced against 36 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 6547.32 and lost 0.62% while S&P BSE Small-cap index hammered
down by 0.43% to 6159.83.
The broader S&P BSE 500 index decreased to 7609.99 (down 0.68%) and CNX 500 index declined to 4788.20 (down
0.70%).
The volatility as denoted by INDIA VIX gained 0.96% at 17.88 from its previous close of 17.71 on Monday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 0.80%) and Consumer Durables (up 0.01%) were the top
gainers.
Real Estate (down 2.59%), Automobile (down 1.75%) and Power (down 1.06%) were the top losers.
The Angels and the Devils
Coal India Ltd (up 2.11%), Bharat Heavy Electricals Ltd (up 1.83%), Tata Consultancy Services Ltd (up 1.03%),
Infosys Ltd (up 0.92%) and Sun Pharmaceutical Industries Ltd (up 0.78%) were the top gainers on the Sensex.

2. NTPC Ltd (down 4.21%), Tata Motors Ltd (down 3.06%), Maruti Suzuki India Ltd (down 2.49%), State Bank of India
(down 2.16%) and Tata Steel Ltd (down 2.11%) were the top losers on the Sensex.
Benchmark Drivers
ITC Ltd (-20.40 points), Tata Motors Ltd (-19.38 points), State Bank of India (-19.07 points), HDFC Bank (-14.95
points) and NTPC Ltd (-13.15 points) were the major Sensex drivers today.
On the other end ITC Ltd (-6.06 points), Tata Motors Ltd (-4.81 points), State Bank of India (-4.72 points), HDFC Bank
(-3.83 points) and Infosys Ltd (3.74 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6132 for next session. The next support is at 6084 and on upside it has a resistance at
6162 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
22-May-2013 6006 6054 6084 6132 6162 6210 6240 -
21-May-2013 6042 6094 6125 6177 6209 6261 6292 6114.10
20-May-2013 6102 6124 6156 6178 6209 6232 6263 6156.90
S&P BSE Sensex has a pivot at 20164 with first level of support and resistance at 20020 and 20256 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
22-May-2013 19785 19929 20020 20164 20256 20399 20491 -
21-May-2013 19869 20028 20126 20285 20383 20542 20640 20111.61
20-May-2013 20012 20083 20185 20256 20358 20430 20531 20223.98
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