Market Summary for the Day: 05/12/2013

Bucking a weak trend in Asian markets, key domestic indices closed higher today, snapping a two-day losing streak
as Sensex surged by more than 240 points after exit polls predicted that the BJP would come to power in three out of
the four states where elections were held recently.

Markets cheered the exit polls as victory in these states may bring BJP’s PM candidate close to forming a government
at the centre in next year’s general elections, which may help revive sagging business investment and bolster
economic growth.

However, the gains in the Sensex were trimmed by caution ahead of key US jobs data to be released tomorrow which
may offer further cues over the timing of the reduction of the US Federal Reserve’s record stimulus plan. Banking and
Capital Goods were the major gainers in today’s rally.
The Market breadth, indicating the overall health of the market, was strong with advance/decline at 1304/1277 on
BSE.

Sectorwise, Banks, Capital Goods, Metal and Oil and Gas were among the top gainers while profit booking was seen
in Healthcare, FMCG & IT among others.

Both small cap and midcap sectors also joined the party with frontline stocks and were trading in green at the close.

Top Nifty Gainers were IDFC, ICICI Bank, HDFC Bank, L&T and Axis bank

Top Nifty Losers were Sun Pharma, Dr Reddys lab, Lupin, ITC and HUL
Global Markets Updates:

European shares looked to be stabilizing after three days of sustained selling on Thursday, as focus turned to the
European Central Bank's monthly meeting for any sign it is readying further support measures.

Both Dow and Nasdaq futures were trading mixed at this evening.

Technical View:

 RSI was at 58, MACD positive above signal line; India VIX was at 21~ which all Indicate that market may
remain bullish in the short term.
 Today, Nifty closed above all its MA like 5DMA (6199), 20DMA (6115), 50DMA (6087), 200DMA (5873)

which all indicate that market is still positive and we may see some more upside.