Markets opened with slight up mark tracking Asian cues and were seen quite volatile before ending in red on the F&O settlement day. The market breadth on the BSE closed in positive. Advances and declining stocks were in a ratio of 1465:1350 while 172 scrips remained unmoved.

1. Markets end choppy F&O expiry session in red; market breadth positive
Market Summary
27-Sep-2012
Markets opened with slight up mark tracking Asian cues and were seen quite volatile before ending in red on the F&O settlement day.
SKS Microfinance zoomed 5% on reports that Morgan Stanley purchased its 45 lakh shares on Wednesday. (News)
Max India had touched its 52 week high today as Dynavest India, one of the promoter groups, acquired 2% stake of the company
through open market transactions. The stock gained 4.5% during the day.
Man Industries also touched its lifetime high after the promoters raised their holdings in the company through open market purchase.
The stock was locked at 5% upper circuits during the day.
Vijay Mallya owned United Spirits touched its 20 month high today and was up by over 10% at close on the hope of stake purchase by
Diageo.
Meanwhile on the macro front, Investment bank Credit Suisse cut India’s FY13 GDP forecast to 6% from 6.5% and FY14 forecast
to 7.2% from 7.8%. On the contrary, US rating agency, Moody’s on Sept 26, reiterated its stable credit outlook on India, saying that
it ‘doesn’t see a rating downgrade as growth slowdown is not irreversible. (News)
Back to market, the market breadth on the BSE closed in positive. Advances and declining stocks were in a ratio of 1465:1350 while
172 scrips remained unmoved.
The BSE Sensex ended at 18579.50, down 52.67 points or 0.28%. The 30 share index touched a high and a low of 18735.95 and
18552.68 respectively. 11 stocks advanced against 19 declining ones on the benchmark index.
The S&P CNX Nifty lost 13.95 points or 0.25% to settle at 5649.50. The index touched high and low of 5693.70 and 5639.70
respectively. 22 stocks advanced against 27 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 6532.77 and gained 0.49% while Small-cap index jumped up by 0.15% to 6958.46.
The broader BSE 500 index decreased to 7132.46 (down 0.01%) and S&P CNX 500 index rose to 4458.15 (up 0.00%).
The volatility as denoted by INDIA VIX lost 0.35% at 16.91 from its previous close of 16.97 on Wednesday.
Sectors in action
On the BSE Sectorial front, FMCG (up 1.51%), Consumer Durables (up 1.36%) and Capital Goods (up 0.91%) were the top gainers.
Oil & Gas (down 1.60%), Information Technology (down 1.10%) and Metals (down 0.52%) were the top losers.
The Angels and the Devils
Larsen And Toubro Limited (up 2.21%), Tata Power Company Limited (up 1.85%), Hindustan Unilever Limited (up 1.59%), ITC Limited
(up 1.25%) and Bajaj Auto Limited (up 1.06%) were the top gainers on the Sensex.
Sterlite Industries (India) Limited (down 2.93%), Hero MotoCorp Ltd. (down 2.37%), Oil and Natural Gas Corporation Limited (down
1.97%), Bharat Heavy Electricals Limited (down 1.92%) and Reliance Industries Limited (down 1.65%) were the top losers on the
Sensex.
Benchmark Drivers
Reliance Industries Limited (-29.50 points), Larsen And T oubro Limited (22.61 points), Infosys Limited (-22.13 points), ITC Limited
(21.50 points) and ICICI Bank (-12.69 points) were the major Sensex drivers today.
On the other end Reliance Industries Limited (-8.24 points), Larsen And T oubro Limited (6.11 points), Infosys Limited (-6.04 points),
ITC Limited (5.35 points) and Hindustan Unilever Limited (3.65 points) were the major Nifty movers today.
Going Forward
S&P CNX Nifty is now pivoted at 5660 for next session. The next support is at 5627 and on upside it has a resistance at 5681 levels.
S3 S2 S1 PIVOT R1 R2 R3
5573 5606 5627 5660 5681 5714 5735
Similarly, Sensex has a pivot at 18622 with first level of support and resistance at 18509 and 18692 respectively.
S3 S2 S1 PIVOT R1 R2 R3
18326 18439 18509 18622 18692 18805 18875

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