The Indian stock market indices gained on positive global cues, with the Sensex rising over 143 points to close above 20,300 and the Nifty gaining 46 points to close at 6,078. Consumer durables stocks performed well, while RBI's new gold import norms boosted jewellery stocks like Titan and PC Jewellers. Financial Technologies and Dewan Housing Finance rose on analyst ratings and good quarterly results respectively, while L&T Finance and Bayer CropScience fell due to poor quarterly earnings.

1. Sensex continue 'green' streak for fifth straight day; Midcaps end flat
Market Summary
23-Jul-2013
Following a gap up start on optimistic global cues, Nifty continued the momentum towards 6100 milestone before
closing at 6078. Sensex gained over a ton to cross 20300 mark. On sectorial front, Consumer Durables topped the
charts today.
Among global markets, US indices climbed on the back of good earnings and economic data. Going with the flow,
Asian and European markets too traded in green zone.
Back home, banking regulator, Reserve Bank of India (RBI) has further tightened the norms for Gold import by banks
and other authorized agencies with a view to manage burgeoning Current Account Deficit (CAD). The authorized
agencies will have to make sure that at least one - fifth of the imported Gold should be available for the purpose of
export. Additionally, the banks and other entities will also be required to retain 20 per cent of the imported quantity of
the gold in customs bonded warehouses. (Read More)
Jewellery stocks Titan and PC jewelers spiked 5.85% and 18.70% on BSE after clarifying that the RBI norms won’t
affect their bottomlines and are positive for them.
Financial Technologies soared 7.39% on BSE as UBS made a “buy” rating for the stock once again with a target of Rs
1000.
Bayer CropScience tanked 8.65% on BSE after the company set floor price of Rs 1580 per share for buy back. The
said price is 10% discount to previous close.
Key Quarterly Results
Century Textiles & Industries shined 1.27% on BSE after posting over 15 fold jump of 1462% in Q1FY14 Net at Rs
37.65 crore as compared to Rs 2.41 crore on year on year basis. Total income has increased by 14.40% at Rs
1595.59 crore as compared to Rs 1394.75 crore for the quarter ended June 30, 2012. (Featured Result)
Dewan Housing Finance Corporation surged 4.37% on BSE after reporting 54.57% rise in Q1 at Rs 120.30 crore as
compared to Rs 77.83 crore for the same quarter in the previous year. (Read More)
Unichem laboratories jumped 1.37% on BSE on registering 9% rise in Q1 Net at Rs 36 crore on year on year basis.
(Result)
L&T Finance Holdings dipped 0.13% on BSE as the standalone Net dipped 125% to a Net loss of Rs 1.23 crore in Q1
as compared to Net profit of Rs 4.97 crore for the corresponding quarter ended June 30, 2012. (Result)
Shriram Transport Finance Company rose 2.35% on BSE after the company reported 5.96% rise in Q1 Net at Rs
341.04 crore as compared to Rs 321.85 crore on yoy basis. (Result)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1191 and 1176 respectively,
while 175 scrips remained unmoved.
The S&P BSE Sensex ended at 20302.13, up 143.01 points or 0.71%. The 30 share index touched a high and a low
of 20351.06 and 20249.98 respectively. 21 stocks advanced against 9 declining ones on the benchmark index.
The CNX Nifty gained 46.00 points or 0.76% to settle at 6077.80. The index touched high and low of 6093.35 and
6061.30 respectively. 35 stocks advanced against 15 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 5999.29 and gained 0.06% while S&P BSE Small-cap index hammered
down by 0.10% to 5682.48.
The broader S&P BSE 500 index increased to 7422.61 (up 0.59%) and CNX 500 index rose to 4660.75 (up 0.64%).
The volatility as denoted by INDIA VIX lost 5.16% at 16.72 from its previous close of 17.63 on Monday.

2. Sectors in action
On the BSE Sectorial front, Consumer Durables (up 3.85%), FMCG (up 1.53%) and Real Estate (up 1.42%) were the
top gainers. There was no loser among BSE sectorials.
The Angels and the Devils
Hindustan Unilever Ltd (up 3.19%), Bharat Heavy Electricals Ltd (up 2.23%), Mahindra and Mahindra Ltd (up 2.11%),
State Bank of India (up 2.03%) and Sterlite Industries (India) Ltd (up 1.87%) were the top gainers on the Sensex.
Wipro Ltd (down 2.23%), Bharti Airtel Ltd (down 1.79%), Coal India Ltd (down 0.58%), Cipla Ltd (down 0.56%) and
Jindal Steel and Power Ltd (down 0.47%) were the top losers on the Sensex.
Benchmark Drivers
ITC Ltd (44.38 points), Hindustan Unilever Ltd (28.32 points), ICICI Bank (20.49 points), Infosys Ltd (14.51 points) and
State Bank of India (13.42 points) were the major Sensex drivers today.
On the other end ITC Ltd (11.53 points), Hindustan Unilever Ltd (7.02 points), ICICI Bank (5.26 points), Kotak
Mahindra Bank Ltd (3.73 points) and Infosys Ltd (3.69 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6077 for next session. The next support is at 6062 and on upside it has a resistance at
6094 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
24-Jul-2013 6030 6045 6062 6077 6094 6110 6126 -
23-Jul-2013 5943 5974 6003 6033 6063 6093 6122 6077.80
22-Jul-2013 5964 5992 6011 6039 6057 6085 6104 6031.80
S&P BSE Sensex has a pivot at 20301 with first level of support and resistance at 20251 and 20352 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
24-Jul-2013 20150 20200 20251 20301 20352 20402 20453 -
23-Jul-2013 19862 19964 20062 20163 20261 20362 20460 20302.13
22-Jul-2013 19943 20027 20088 20173 20234 20318 20379 20159.12
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