Indian markets rose as the Sensex regained 20,000 points. Key factors included a gas discovery by Reliance Industries, upgrades and downgrades of various companies by analysts, and quarterly earnings reports that were mixed. The Sensex closed up 1.66% while sectors like consumer durables and oil & gas saw gains over 2%. Reliance Industries and Sun Pharma contributed most to the Sensex's rise.

1. Markets jubilant amid crude slide; Sensex reclaims 20K
Market Summary
27-May-2013
Indian equity markets shot up handsomely ahead of F&O expiry later this week. Global markets traded on mixed note.
Benchmarks ended near day’s high with Sensex and Nifty both up by 1.66%.
Reliance Industries spurted 5.12% on BSE on making significant gas and condensate discovery in the KG D6 block
with its partners BP and NIKO. (News)
Research firm, Goldman Sachs downgraded the State Bank of India (SBI) to 'sell' from 'neutral'. The stock closed
0.49% up on BSE.
Credit Suisse upgraded ONGC to "Neutral" from "Underperform”. The stock closed 0.62% up on BSE.
AstraZeneca Pharma soared 15.42% on BSE with huge volumes ahead of offer for sale tomorrow.
Reliance Communications (RCOM) spiked 5.31% on BSE on hiking the basic rates for both GSM and CDMA pre-paid
mobile-to-mobile calls by 33% i.e. will charge a base rate of 2 paise per second from 1.5 paise per second charged
earlier. (News)
Key Quarterly Results
Britannia Industries surged 15.91% on BSE on reporting 65.66% jump in its net profit at Rs 87.85 crore in Q4FY13.
(Featured Result)
TTK Healthcare tanked 11.53% after posting a fall of 39.52% in its net profit at Rs 2.25 crore in Q4. (News)
Wockhardt jumped 3.89% on BSE as the company’s March Quarter net profit stood at Rs 335 crore as against a loss
of Rs 191.6 crore YoY.
Jet Airways dipped 2.99% on BSE as the company’s Q4 net loss widened to Rs 4.96 billion as compared to Rs 2.98
billion reported a year earlier.
SpiceJet plunged 4.89% on BSE on reporting a net loss of Rs 1.86 billion in March Quarter.
Oil India shined 1.43% on BSE after registering 71.88% growth in its net profit at Rs 764.55 crore in Q4FY13. (News)
Bharat Forge jumped 3.01% on BSE despite its Q4 Net dived 9.14% to Rs 50.08 crore. (Result)
Crompton Greaves plunged 2.39% on BSE on reporting a fall of 21.30% in its net profit at Rs 107.72 crore in Q4FY13.
(Result)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1405 and 1000 respectively,
while 147 scrips remained unmoved.
The S&P BSE Sensex ended at 20030.77, up 326.44 points or 1.66%. The 30 share index touched a high and a low
of 20083.47 and 19678.31 respectively. 27 stocks advanced against 3 declining ones on the benchmark index.
The CNX Nifty gained 99.60 points or 1.66% to settle at 6083.15. The index touched high and low of 6099.90 and
5975.55 respectively. 43 stocks advanced against 6 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 6459.86 and gained 1.14% while S&P BSE Small-cap index jumped up by
0.79% to 6039.78.
The broader S&P BSE 500 index increased to 7556.31 (up 1.44%) and CNX 500 index rose to 4756.40 (up 1.51%).
The volatility as denoted by INDIA VIX lost 3.79% at 17.03 from its previous close of 17.70 on Friday.

2. Sectors in action
On the BSE Sectorial front, Consumer Durables (up 3.00%), Oil & Gas (up 2.76%) and Metals (up 1.95%) were the top
gainers.
The Angels and the Devils
Reliance Industries Ltd (up 5.12%), Sun Pharmaceutical Industries Ltd (up 4.66%), Jindal Steel and Power Ltd (up
3.61%), Bharti Airtel Ltd (up 3.31%) and Hindalco Industries Ltd (up 3.17%) were the top gainers on the Sensex.
Cipla Ltd (down 1.70%), Mahindra and Mahindra Ltd (down 1.60%) and Maruti Suzuki India Ltd (down 1.09%) were
the top losers on the Sensex.
Benchmark Drivers
Reliance Industries Ltd (85.45 points), Housing Development Finance Corporation Ltd (35.36 points), HDFC Bank
(30.47 points), ITC Ltd (24.68 points) and Sun Pharmaceutical Industries Ltd (22.28 points) were the major Sensex
drivers today.
On the other end Reliance Industries Ltd (22.34 points), Housing Development Finance Corporation Ltd (10.30 points),
HDFC Bank (7.82 points), ITC Ltd (6.64 points) and Sun Pharmaceutical Industries Ltd (5.57 points) were the major
Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6053 for next session. The next support is at 6006 and on upside it has a resistance at
6130 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
28-May-2013 5881 5929 6006 6053 6130 6177 6255 -
27-May-2013 5863 5900 5942 5979 6020 6057 6099 6083.15
24-May-2013 5796 5876 5921 6001 6047 6127 6173 5983.55
S&P BSE Sensex has a pivot at 19931 with first level of support and resistance at 19778 and 20183 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
28-May-2013 19373 19526 19778 19931 20183 20336 20589 -
27-May-2013 19306 19437 19571 19702 19835 19967 20100 20030.77
24-May-2013 19137 19386 19530 19779 19923 20172 20316 19704.33
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