Following a positive start tracking positive global cues on US earnings optimism and better than expected Chinese economic data, markets crossed yesterday’s close mark several times before ending flat. Traders are acting with caution ahead of Infosys dec quarter (DQ) result and IIP data.

1. Markets end flat amid risk averseness; Infy result, IIP data eyed
Market Summary
10-Jan-2013
Following a positive start tracking positive global cues on US earnings optimism and better than expected Chinese
economic data, markets crossed yesterday’s close mark several times before ending flat. Traders are acting with
caution ahead of Infosys dec quarter (DQ) result and IIP data.
As a plan to boost the capital base of the public sector banks, the Cabinet Committee on Economic Affairs (CCEA) has
today approved the proposal to inject Rs 12,500 crore. About 9-10 banks are likely to be recapitalised to tackle rising
non-performing assets (NPA) and write-offs. India’s largest bank SBI will get Rs 3,004 crore as part of the capital
infusion drive. RBI has mandated banks to comply with its capital adequacy guidelines based on the Basel III capital
regulations w.e.f. April 1, 2013. BSE Bankex ended 0.62% up on BSE. (What’s Hot)
CCEA also cleared the 10% stake divestment plan of Engineers India Limited (EIL). EIL stock was hammered 4.11%
on BSE.
Government issued notices to the telecom operators demanding Rs 23,000 crore for the excess spectrum they hold
beyond the prescribed limit. (News)
Among stock specific action, Rolta India ended flat on BSE despite its arm Rolta International, Inc.bagging $31 million
contract from the largest three-service municipal utility in the United States, Memphis Light Gas and Water (MLGW).
(News)
India’s leading SUV manufacturer - Mahindra & Mahindra (M&M), is mulling an investment of Rs 200-250 crore over
the next 3 years to maintain and upgrade the products it developed with its erstwhile partner. M&M stock hit a fresh 52
week high of Rs. 974.80 before ending 0.53% down. (News)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1189 and 1766
respectively, while 144 scrips remained unmoved.
The BSE Sensex ended at 19663.55, down 3.04 points or 0.02%. The 30 share index touched a high and a low of
19783.75 and 19596.38 respectively. 7 stocks advanced against 23 declining ones on the benchmark index.
The S&P CNX Nifty lost 2.85 points or 0.05% to settle at 5968.65. The index touched high and low of 6005.15 and
5947.30 respectively. 11 stocks advanced against 39 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved down to 7265.41 and lost 0.49% while Small-cap index hammered down by 0.54% to
7574.51.
The broader BSE 500 index decreased to 7689.48 (down 0.16%) and S&P CNX 500 index declined to 4809.20 (down
0.14%).
The volatility as denoted by INDIA VIX lost 0.38% at 13.27 from its previous close of 13.32 on Wednesday.
Sectors in action
On the BSE Sectorial front, Banks (up 0.62%), Oil & Gas (up 0.47%) and Automobile (up 0.31%) were the top gainers.
Power (down 0.93%), Healthcare (down 0.70%) and Metals (down 0.63%) were the top losers.
The Angels and the Devils
Oil and Natural Gas Corporation Ltd (up 3.41%), Tata Motors Ltd (up 2.07%), HDFC Bank (up 1.24%), State Bank of
India (up 0.70%) and Coal India Ltd (up 0.49%) were the top gainers on the Sensex.
Bharat Heavy Electricals Ltd (down 2.19%), Hindalco Industries Ltd (down 1.52%), Tata Consultancy Services Ltd
(down 1.35%), Sterlite Industries (India) Ltd (down 1.28%) and Bharti Airtel Ltd (down 0.99%) were the top losers on
the Sensex.
Benchmark Drivers

2. Oil and Natural Gas Corporation Ltd (20.26 points), HDFC Bank (18.60 points), Tata Motors Ltd (14.14 points), Tata
Consultancy Services Ltd (-12.02 points) and ITC Ltd (7.20 points) were the major Sensex drivers today.
On the other end Oil and Natural Gas Corporation Ltd (6.01 points), HDFC Bank (3.55 points), Reliance Industries Ltd
(-3.18 points), Tata Consultancy Services Ltd (-3.12 points) and Larsen And Toubro Ltd (-2.77 points) were the major
Nifty movers today.
Pivot, Supports and Resistance Levels
S&P CNX Nifty is now pivoted at 5974 for next session. The next support is at 5942 and on upside it has a resistance
at 6000 levels.
S&P CNX Nifty
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
11-Jan-2013 5884 5916 5942 5974 6000 6032 6058 -
10-Jan-2013 5885 5922 5947 5983 6008 6045 6070 5968.65
09-Jan-2013 5932 5948 5975 5991 6018 6034 6060 5971.50
Sensex has a pivot at 19681 with first level of support and resistance at 19579 and 19766 respectively.
Sensex
Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
11-Jan-2013 19391 19494 19579 19681 19766 19869 19953 -
10-Jan-2013 19391 19509 19588 19706 19785 19903 19982 19663.55
09-Jan-2013 19534 19583 19663 19712 19792 19841 19921 19666.59
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