Markets end flat ahead of Fed policy announcement and F&O expiry: After a positive start tracking global cues, markets witnessed a dull trading in a range and closed flat with Nifty above 6050. Sensex re-conquered 20000 levels. RBI’s double gift of repo & CRR cut did not have much impact on the markets even today as cautious sentiments ahead of U.S. Fed monetary policy announcement today and January series F&O expiry tomorrow persuaded traders to book the profits at current levels.

1. Markets end flat ahead of Fed policy announcement and F&O expiry
Market Summary
30-Jan-2013
After a positive start tracking global cues, markets witnessed a dull trading in a range and closed flat with Nifty above
6050. Sensex re-conquered 20000 levels. RBI’s double gift of repo & CRR cut did not have much impact on the
markets even today as cautious sentiments ahead of U.S. Fed monetary policy announcement today and January
series F&O expiry tomorrow persuaded traders to book the profits at current levels.
All Asian indices ended in positive while European indices were giving negative signals.
On stock specific front, Axis Bank continued to make new highs on good response to its QIP. The stock hit a new high
of 1515 on BSE before closing 1.7% up.
Indiabulls Real Estate jumped 2.38% on BSE after Bank of America Merill Lynch (BOfA) upgraded the stock from
“neutral” to "buy" with a target price of Rs 100 from Rs 69.
Brokerage firm Nomura has upgraded Yes Bank from “neutral” to “buy” changing the target price to Rs 615 from Rs
425. The stock closed 1.45% up on BSE.
NHPC has touched a fresh 52 week high at Rs 28.05 and closed 2.95% up on BSE on commencement of the new unit.
(News)
Housing Development and Infrastructure (HDIL) plunged 5.35% on BSE after 2.36% stake sell by Credit Suisse
(Singapore) through open market transactions. (News)
L&T Finance dipped 5% on BSE as a global investment banker, Macquarie downgraded the stock to 'underperform'
with a target price of Rs 53 considering losses in AMC business. The company reported yesterday that Consolidated
Profit for Dec Quarter (excluding exceptional items) grew by 27%.
Key Quarterly Results:
Dena Bank reported 11% growth in its December Quarter (DQ) Net at Rs 206.44 crores. The stock closed 1.78%
down on BSE. (Result)
Central Bank of India's Q3 Net Profit increased by 59% YoY to Rs 179.94 crores. The stock closed 2.35% down on
BSE. (Result)
National Aluminium Company Ltd (Nalco) reported 132% increase in Q3 Net Profit at Rs 118.94 crores. The stock
closed 8.12% up on BSE. (Featured Result)
Textile major Arvind Industries has reported 73.65% fall in its net profit at Rs 65.85 crore in December Quarter. The
stock closed 2.81% up on BSE. (News)
Indian Overseas Bank (IOB) reported 8% growth in Net Profit during third quarter at Rs 116.5 crores on YoY basis.
The stock closed 2.31% down on BSE. (Result)
Crompton Greaves Ltd plunged 0.97% and touched its 52 week low at Rs 100 after reporting 16% decline in its Q3
Net at Rs 106.16 crores. The stock received a 'sell' rating by CLSA post disappointing Q3 numbers. (Result)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1274 and 1658
respectively, while 153 scrips remained unmoved.
The BSE Sensex ended at 20005.00, up 14.10 points or 0.07%. The 30 share index touched a high and a low of
20073.46 and 19964.64 respectively. 12 stocks advanced against 18 declining ones on the benchmark index.
The S&P CNX Nifty gained 5.85 points or 0.10% to settle at 6055.75. The index touched high and low of 6071.95 and
6044.15 respectively. 27 stocks advanced against 23 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved down to 6933.78 and lost 0.03% while Small-cap index hammered down by 0.21% to
7081.73.

2. The broader BSE 500 index increased to 7667.05 (up 0.08%) and S&P CNX 500 index rose to 4797.15 (up 0.05%).
The volatility as denoted by INDIA VIX lost 0.62% at 14.38 from its previous close of 14.47 on Tuesday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 1.39%), Consumer Durables (up 1.24%) and Oil & Gas (up 1.06%) were
the top gainers.
Capital Goods (down 1.24%), Power (down 0.68%) and Automobile (down 0.49%) were the top losers.
The Angels and the Devils
Cipla Ltd (up 2.69%), Hindustan Unilever Ltd (up 1.97%), Reliance Industries Ltd (up 1.87%), Tata Steel Ltd (up
1.75%) and Wipro Ltd (up 1.72%) were the top gainers on the Sensex.
GAIL (India) Ltd (down 3.35%), Tata Power Company Ltd (down 2.73%), Larsen And Toubro Ltd (down 1.92%), Jindal
Steel and Power Ltd (down 1.61%) and Tata Motors Ltd (down 1.53%) were the top losers on the Sensex.
Benchmark Drivers
Reliance Industries Ltd (34.94 points), Larsen And Toubro Ltd (-20.19 points), ICICI Bank (18.32 points), ITC Ltd (-
13.13 points) and Hindustan Unilever Ltd (11.90 points) were the major Sensex drivers today.
On the other end Reliance Industries Ltd (8.65 points), ITC Ltd (-6.62 points), ICICI Bank (5.10 points), Larsen And
Toubro Ltd (-3.67 points) and Hindustan Unilever Ltd (3.05 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 6057 for next session. The next support is at 6043 and on upside it has a resistance
at 6070 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
31-Jan-2013 6015 6029 6043 6057 6070 6085 6098 -
30-Jan-2013 5955 5999 6024 6068 6094 6137 6163 6055.75
29-Jan-2013 6034 6048 6061 6075 6088 6102 6115 6049.90
Sensex has a pivot at 20014 with first level of support and resistance at 19955 and 20064 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
31-Jan-2013 19846 19906 19955 20014 20064 20123 20173 -
30-Jan-2013 19672 19821 19906 20055 20140 20288 20373 20005.00
29-Jan-2013 19944 20003 20053 20113 20163 20223 20273 19990.90
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