Finalaya daily wrap_20dec2012
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Indian markets closed in the red with the Nifty down 0.22% and Sensex down 0.11%, following profit booking after a two-day rally. The Bharatiya Janata Party (BJP) achieved victory in Gujarat but lost in Himachal Pradesh to Congress. Sector performance showed Metals, IT, and FMCG gaining, while Consumer Durables, Automobile, and Capital Goods faced losses.
Finalaya daily wrap_20dec2012
- 1. Snapping two day rally, Nifty loses 0.22% amid expected outcomes of Gujarat & Himachal assembly elections Market Summary 20-Dec-2012 Tracking weak global cues, Indian markets ended the session in red with marginal losses. Traders resorted to profit booking after two days of rally. Amid lack of risk taking, Sensex and Nifty manages to stay above their crucial levels of 19400 and 5900 respectively. On the political front, Narendra Modi led Bhartiya Janata Party (BJP) has hit a hat-trick in Gujarat assembly elections. BJP is all set to improve its 2007 tally of 117 seats in Gujarat and secure a comfortable victory. In Himachal Pradesh however, BJP will have to be contented with a defeat as Congress secured power by winning in requisite numbers. T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1272 and 1597 respectively, while 149 scrips remained unmoved. The BSE Sensex ended at 19453.92, down 22.08 points or 0.11%. The 30 share index touched a high and a low of 19520.51 and 19335.72 respectively. 15 stocks advanced against 15 declining ones on the benchmark index. The S&P CNX Nifty lost 13.20 points or 0.22% to settle at 5916.40. The index touched high and low of 5937.60 and 5881.45 respectively. 21 stocks advanced against 29 declining ones on the index. Sensex Nifty The BSE Mid-cap index moved down to 7101.79 and lost 0.21% while Small-cap index hammered down by 0.38% to 7434.86. The broader BSE 500 index decreased to 7590.11 (down 0.19%) and S&P CNX 500 index declined to 4746.40 (down 0.19%). The volatility as denoted by INDIA VIX lost 1.04% at 14.32 from its previous close of 14.47 on Wednesday. Sectors in action On the BSE Sectorial front, Metals (up 1.19%), Information Technology (up 0.26%) and FMCG (up 0.13%) were the top gainers. Consumer Durables (down 0.97%), Automobile (down 0.76%) and Capital Goods (down 0.72%) were the top losers. The Angels and the Devils Hindalco Industries Ltd (up 2.59%), Jindal Steel and Power Ltd (up 2.27%), Tata Steel Ltd (up 1.90%), Tata Consultancy Services Ltd (up 1.27%) and Hindustan Unilever Ltd (up 1.25%) were the top gainers on the Sensex. Sun Pharmaceutical Industries Ltd (down 1.99%), Mahindra and Mahindra Ltd (down 1.68%), Bajaj Auto Ltd (down 1.37%), Wipro Ltd (down 1.32%) and Larsen And Toubro Ltd (down 1.02%) were the top losers on the Sensex. Benchmark Drivers ITC Ltd (-15.71 points), Larsen And Toubro Ltd (-10.96 points), Tata Consultancy Services Ltd (10.90 points), HDFC Bank (-9.89 points) and Mahindra and Mahindra Ltd (-8.90 points) were the major Sensex drivers today. On the other end ITC Ltd (-4.95 points), Tata Consultancy Services Ltd (3.42 points), Hindustan Unilever Ltd (3.16 points), Larsen And Toubro Ltd (-2.65 points) and HDFC Bank (-2.61 points) were the major Nifty movers today. Pivot, Supports and Resistance Levels S&P CNX Nifty is now pivoted at 5912 for next session. The next support is at 5886 and on upside it has a resistance at 5942 levels. S&P CNX Nifty Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close
- 2. 21-Dec-2012 5830 5856 5886 5912 5942 5968 5998 - 20-Dec-2012 5885 5898 5914 5927 5942 5955 5971 5916.40 19-Dec-2012 5762 5793 5845 5875 5927 5958 6010 5929.60 Sensex has a pivot at 19437 with first level of support and resistance at 19353 and 19538 respectively. Sensex Eff. Date S3 S2 S1 PIVOT R1 R2 R3 Actual Close 21-Dec-2012 19168 19252 19353 19437 19538 19622 19723 - 20-Dec-2012 19329 19374 19425 19471 19521 19567 19618 19453.92 19-Dec-2012 18963 19056 19210 19303 19458 19551 19705 19476.00 Follow us on This content is generated at www.finalaya.com and is governed by the Terms of Use.