Indian indices started on a cautious note ahead of RBI policy review and pessimistic global cues. Benchmarks witnessed a choppy session but subsequently lost ground in noon trades as RBI disappointed street by keeping the rates unchanged. Sentiments dampened further as RBI revised downward its FY14 GDP forecast to 5.5% from 5.7%. Sensex sank 245 points and Nifty slumped 77 points. Among BSE sectorials, Oil & Gas sector was the top loser followed by Realty.

1. Markets downhill on RBI's hawkish stance; Nifty trims 1.3% of its value
Market Summary
30-Jul-2013
Indian indices started on a cautious note ahead of RBI policy review and pessimistic global cues. Benchmarks
witnessed a choppy session but subsequently lost ground in noon trades as RBI disappointed street by keeping the
rates unchanged. Sentiments dampened further as RBI revised downward its FY14 GDP forecast to 5.5% from 5.7%.
Sensex sank 245 points and Nifty slumped 77 points. Among BSE sectorials, Oil & Gas sector was the top loser
followed by Realty.
On global front, US markets witnessed a mixed session amid weak economic data and ahead of Fed meeting. On the
other hand, Asian and European markets traded in positive terrain after Chinese central bank injected funds into
money markets via open market operations.
Back home, banking regulator, Reserve Bank of India kept both Repo rate and CRR unchanged at 7.25% and 4%
respectively. The central bank was evidently hawkish in stance as it asked the government to take necessary steps to
bring down the current account deficit (CAD) to sustainable levels of under 2.5%. Higher CAD is putting a lot of
pressure on domestic currency which has once again shot past 60 against USD. Weaker rupee in turn would worsen
the inflationary scenario also. Following rating agencies footsteps, the bank has also revised its FY14 GDP estimate
downward to 5.5% against an earlier estimate of 5.7%.
Key Quarterly Results
ADAG company, Reliance Infra disappoints street with its Q1 numbers.It records 14.4% growth in its Q1 Net at Rs
374.23 crore.THe company posted a dip of about 5% in its Net Sales on yoy basis.The stock tanked 7%. (Featured
Result)
Another Anil Ambani group company, Reliance Power Q1 Net dips 4.8% to Rs 44.61 crore as against 46.86 crore on
yoy basis. The stock ended 3.54% down on BSE. (Result)
Sesa Goa has slumped 1.24% and made new 52 week low at Rs 120.55 on BSE on reporting Net loss in Q1 at Rs
191.92 crore as compared to Net profit of Rs 227.66 crore. (Result)
IPCA Laboratories has reported 66.98% rise in Q1FY14 Net profit at Rs 71.77 crore as compared to Rs 42.98 crore for
Q1FY13. The stock closed 1.06% up on BSE. (Result)
Allahabad Bank plunged 2.5% and hit a new 52 week low of Rs 69.80 on BSE as the bank has posted a fall of 19.64%
in Q1 Net at Rs 413.09 crore as compared to Rs 514.03 crore for the same quarter in the previous year. (Result)
Havells India has reported 18.21% rise in its net profit at Rs 94.66 crore for the quarter as compared to Rs 80.08 crore
for the same quarter in the previous year. The stock crashed 12.6% on BSE. (Result)
NTPC Ltd reports a marginal 1.13% rise in its Q1 Net Profit at Rs 2527 crore. The company reported a dip of 3.12% in
its Net Sales at Rs 15661.85 crore on yoy basis. The stock ended 2.78% down on BSE. (Result)
Dr. Reddys Lab recorded a 63.49% decline in its June Quarter Net Profit at Rs 64.86 crore. The Net sales for the
period stood flat. The shares of the company went 1.72% down at close. (Result)
The market breadth on the BSE closed in negative. Advancing and declining stocks were 737 and 1588 respectively,
while 144 scrips remained unmoved.
The S&P BSE Sensex ended at 19348.34, down 244.94 points or 1.25%. The 30 share index touched a high and a
low of 19672.72 and 19328.54 respectively. 8 stocks advanced against 22 declining ones on the benchmark index.
The CNX Nifty lost 76.60 points or 1.31% to settle at 5755.05. The index touched high and low of 5861.30 and
5747.60 respectively. 9 stocks advanced against 41 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 5591.94 and lost 1.96% while S&P BSE Small-cap index hammered
down by 1.98% to 5360.56.
The broader S&P BSE 500 index decreased to 6999.47 (down 1.55%) and CNX 500 index declined to 4390.35 (down

2. The broader S&P BSE 500 index decreased to 6999.47 (down 1.55%) and CNX 500 index declined to 4390.35 (down
1.56%).
The volatility as denoted by INDIA VIX lost 0.71% at 18.12 from its previous close of 18.25 on Monday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 0.91%) was the top gainer.
Oil & Gas (down 3.89%), Real Estate (down 3.60%) and Power (down 3.35%) were the top losers.
The Angels and the Devils
Wipro Ltd (up 2.75%), Jindal Steel and Power Ltd (up 1.45%), Infosys Ltd (up 1.20%), Larsen And Toubro Ltd (up
0.97%) and Sun Pharmaceutical Industries Ltd (up 0.92%) were the top gainers on the Sensex.
Oil and Natural Gas Corporation Ltd (down 5.64%), Hindalco Industries Ltd (down 4.64%), Tata Motors Ltd (down
3.94%), Bharti Airtel Ltd (down 3.76%) and Bajaj Auto Ltd (down 3.30%) were the top losers on the Sensex.
Benchmark Drivers
Reliance Industries Ltd (-56.07 points), ITC Ltd (-48.30 points), Oil and Natural Gas Corporation Ltd (-33.92 points),
Tata Motors Ltd (-24.45 points) and Bharti Airtel Ltd (-20.72 points) were the major Sensex drivers today.
On the other end Asian Paints (India) Ltd (-66.29 points), Reliance Industries Ltd (-15.11 points), ITC Ltd (-12.20
points), Oil and Natural Gas Corporation Ltd (-8.68 points) and Tata Motors Ltd (-5.79 points) were the major Nifty
movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5788 for next session. The next support is at 5715 and on upside it has a resistance at
5828 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
31-Jul-2013 5601 5674 5715 5788 5828 5902 5942 -
30-Jul-2013 5749 5788 5810 5848 5870 5908 5930 5755.05
29-Jul-2013 5781 5825 5856 5900 5931 5975 6006 5831.65
S&P BSE Sensex has a pivot at 19450 with first level of support and resistance at 19227 and 19571 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
31-Jul-2013 18883 19106 19227 19450 19571 19794 19915 -
30-Jul-2013 19346 19458 19526 19638 19706 19819 19886 19348.34
29-Jul-2013 19455 19577 19663 19785 19870 19993 20078 19593.28
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