After a flat opening, good quarterly show by front-line Indian stocks drove the markets to close in green on F&O expiry day. M&M, HDFC and Sterlite gained on Sensex primarily due to robust quarterly numbers. Hero Motocorp on the other end recovered from losses made in previous session after disastrous Q2 show. Nifty ended just above 5700.

1. Nifty ends result heavy session above 5700; market breadth negative
Market Summary
25-Oct-2012
After a flat opening, good quarterly show by front-line Indian stocks drove the markets to close in green on F&O expiry
day. M&M, HDFC and Sterlite gained on Sensex primarily due to robust quarterly numbers. Hero Motocorp on the
other end recovered from losses made in previous session after disastrous Q2 show. Nifty ended just above 5700.
Arvind shined 4.42% (BSE) on reporting 24% rise in Q2 net profit. (News)
IRB Infra plunged 15.69% (BSE) on the allegations of major investments in and large loans to BJP Chief Nitin
Gadkari’s Purti Group.
Key Quarterly Results
Mahindra And Mahindra Limited: For the period while the Net Sales increased by 33.32%, Net Profit grown by
22.30% and thereby NPM reduced to 9.19% as compared to 10.02% on y-o-y basis. It closed up by 3.59% (BSE).
(Result)
Hero Motocorp: For the period while the Net Sales declined by 11.01%, Net Profit dipped by 27.01% and thereby NPM
reduced to 8.49% as compared to 10.35% on y-o-y basis. It closed up by 1.62% (BSE). (Result)
Oriental Bank of Commerce: For the period while the Net Sales increased by 16.14%, Net Profit grown by 80.15% and
thereby NPM improved to 6.27% as compared to 4.11% on y-o-y basis. It closed up by 7.05% (BSE). (Result)
Sterlite Industries: For the period while the Net Sales increased by 1.29%, Net Profit grown by 174.05% and thereby
NPM improved to 14.49% as compared to 5.36% on y-o-y basis. It closed up by 1.98% (BSE). (Featured Result)
Phoenix Mills closed up by 3.3% (BSE) after its Q2 net soared by 38%. (News)
Kotak Mahindra Bank: For the period while the Net Sales increased by 31.34%, Net Profit grown by 7.83% and
thereby NPM reduced to 12.89% as compared to 15.50% on y-o-y basis.It closed up by 0.85 % (BSE). (Result)
Adani Enterprises: For the period while the Net Sales increased by 42.82%, Net Profit grown by 208.45% and thereby
NPM improved to 6.15% as compared to 2.85% on y-o-y basis. It closed down by 0.67% (BSE). (Result)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1272 and 1563
respectively, while 146 scrips remained unmoved.
The BSE Sensex ended at 18758.63, up 48.61 points or 0.26%. The 30 share index touched a high and a low of
18789.92 and 18699.07 respectively. 16 stocks advanced against 14 declining ones on the benchmark index.
The S&P CNX Nifty gained 13.90 points or 0.24% to settle at 5705.30. The index touched high and low of 5718.75
and 5685.70 respectively. 26 stocks advanced against 24 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 6659.20 and gained 0.15% while Small-cap index hammered down by 0.17% to
7161.41.
The broader BSE 500 index increased to 7231.17 (up 0.22%) and S&P CNX 500 index rose to 4518.40 (up 0.19%).
The volatility as denoted by INDIA VIX lost 1.39% at 13.52 from its previous close of 13.71 on Tuesday.
Sectors in action
On the BSE Sectorial front, Automobile (up 0.58%), Capital Goods (up 0.35%) and Banks (up 0.35%) were the top
gainers.
Real Estate (down 1.35%), Healthcare (down 0.36%) and Metals (down 0.20%) were the top losers.
The Angels and the Devils

2. Mahindra and Mahindra Limited (up 3.59%), Hero MotoCorp Ltd. (up 2.36%), Housing Development Finance
Corporation Limited (up 2.06%), Sterlite Industries (India) Limited (up 1.98%) and GAIL (India) Limited (up 1.55%) were
the top gainers on the Sensex.
Dr. Reddys Laboratories Ltd. (down 2.03%), State Bank of India (down 1.49%), Tata Motors Limited (down 1.27%),
Tata Steel Limited (down 1.26%) and Hindustan Unilever Limited (down 1.10%) were the top losers on the Sensex.
Benchmark Drivers
Housing Development Finance Corporation Limited (26.88 points), Mahindra and Mahindra Limited (16.30 points),
State Bank of India (-12.00 points), ITC Limited (11.78 points) and ICICI Bank (9.47 points) were the major Sensex
drivers today.
On the other end Housing Development Finance Corporation Limited (6.67 points), Mahindra and Mahindra Limited
(4.05 points), ITC Limited (3.38 points), State Bank of India (-3.20 points) and ICICI Bank (2.66 points) were the major
Nifty movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5703 for next session. On the downside the next support is at 5688, while on upside
it has a resistance at 5721 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
26-Oct-2012 5655 5670 5688 5703 5721 5736 5754 -
25-Oct-2012 5636 5659 5675 5698 5714 5737 5754 5705.30
23-Oct-2012 5613 5635 5676 5699 5740 5762 5803 5691.40
Sensex has a pivot at 18749 with first level of support and resistance at 18708 and 18799 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
26-Oct-2012 18618 18658 18708 18749 18799 18840 18890 -
25-Oct-2012 18538 18614 18662 18737 18786 18861 18909 18758.63
23-Oct-2012 18451 18526 18660 18735 18868 18943 19077 18710.02
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