1. Sensex zooms 520 points on bold govt measures amid firm global cues
Market Summary
28-Jun-2013
Continuing with yesterday’s optimism, Indian equity indices started gap up amid positive global cues. Markets never
looked back since then and gained from strength to strength amid series of bold steps from government. Sensex
zoomed 520 points whereas Nifty shot up 160 points to end the fantastic trading session. On sectorial front, Metals
and Power indices stole the limelight.
Globally, U.S. markets edged higher on upbeat economic data and easing of stimulus concerns. Asian markets too
kept the pace with U.S. peers and shot up smartly led by Japanese Nikkei (up 3.4%). European indices were trading in
red.
Back home, with a view to boost the toplines of gas producers, the government has approved a 100% rise in natural
gas prices from the present $4.2 per million British thermal unit (mbtu) to $8.4 per mbtu from April 1, 2014. The move
can trigger rise in power tariffs & fertilizer cost and will make CNG transportation more expensive. S&P Oil&Gas Index
closed 3.37% up. (News)
The shares of the Fertilizer and Power companies also surged smartly as Finance Minister P Chidambaram hinted for
subsidies to soften the impact on them post the steep hike in natural gas prices.
Union Cabinet has approved the proposal for setting up a coal sector regulator to monitor the supply and pricing of the
coal. The move will bring transparency in pricing and efficiency in coal mining operations. State run Coal India Ltd
(CIL) will keep enjoying the pricing freedom, however the regulator will oversee the terms and conditions for fixing
prices, to check abuse of monopoly. CIL stock ended 5.58% up on BSE. (News)
The Cabinet Committee on Economic Affairs (CCEA) has okayed the 7.64% disinvestment proposal in National
Fertilisers (NFL). The stake sell though offer for sale (OFS) is expected to fetch around Rs 125 crore to government.
Stock hit a new 52 week low of Rs 32.55 on NSE before closing in green (2% up on BSE). (News)
The government has assured foreign retailers that it will review the stringent investment conditions imposed on foreign
investment in the multi-brand retail sector. The government earlier had allowed foreign investment up to 51% in multi-
brand retail but imposed many conditions. (News)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1576 and 881 respectively,
while 127 scrips remained unmoved.
The S&P BSE Sensex ended at 19395.81, up 519.86 points or 2.75%. The 30 share index touched a high and a low
of 19432.94 and 19093.18 respectively. 29 stocks advanced against 1 declining ones on the benchmark index.
The CNX Nifty gained 159.85 points or 2.81% to settle at 5842.20. The index touched high and low of 5852.95 and
5749.50 respectively. 46 stocks advanced against 4 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 5964.50 and gained 2.26% while S&P BSE Small-cap index jumped up by
1.37% to 5643.52.
The broader S&P BSE 500 index increased to 7164.06 (up 2.45%) and CNX 500 index rose to 4510.90 (up 2.66%).
The volatility as denoted by INDIA VIX lost 4.77% at 17.95 from its previous close of 18.85 on Thursday.
Sectors in action
On the BSE Sectorial front, Metals (up 4.70%), Power (up 4.15%) and Capital Goods (up 4.03%) were the top gainers.
There was no loser among BSE sectorial indices.
The Angels and the Devils
Jindal Steel and Power Ltd (up 7.89%), Bharat Heavy Electricals Ltd (up 6.90%), Tata Power Company Ltd (up
5.71%), Coal India Ltd (up 5.58%) and Sterlite Industries (India) Ltd (up 5.23%) were the top gainers on the Sensex.
Hindustan Unilever Ltd (down 0.67%) was the top loser on the Sensex.

2. Benchmark Drivers
Reliance Industries Ltd (66.50 points), Housing Development Finance Corporation Ltd (62.37 points), ICICI Bank
(50.93 points), HDFC Bank (50.29 points) and Larsen And Toubro Ltd (35.46 points) were the major Sensex drivers
today.
On the other end Housing Development Finance Corporation Ltd (18.40 points), Reliance Industries Ltd (17.40 points),
ICICI Bank (13.91 points), HDFC Bank (13.13 points) and Larsen And Toubro Ltd (9.55 points) were the major Nifty
movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5815 for next session. The next support is at 5777 and on upside it has a resistance at
5880 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
01-Jul-2013 5673 5711 5777 5815 5880 5918 5984 -
28-Jun-2013 5574 5602 5642 5671 5711 5739 5779 5842.20
27-Jun-2013 5511 5545 5567 5601 5623 5657 5679 5682.35
S&P BSE Sensex has a pivot at 19307 with first level of support and resistance at 19182 and 19521 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
01-Jul-2013 18842 18968 19182 19307 19521 19647 19861 -
28-Jun-2013 18497 18593 18734 18830 18972 19067 19209 19395.81
27-Jun-2013 18305 18410 18481 18586 18657 18762 18833 18875.95
Follow us on This content is generated at www.finalaya.com and is governed by the Terms of Use.