Indian equity benchmarks altering between positive and negative territory, were now trading flat with bit of negative bias as gains in financials and FMCG counters failed to offset sharp losses in TCS and HCL Technologies.

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OCT 17th,2014
MID SESSION
REPORT
Major Headlines:
Market Summary:
Microeconomic Front:
Corporate Front:
Currency Updates:
Events for the day:
Global Signals:
Sectoral & Stock Screening:

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Sensex struggles at 26000 and Nifty for 7800
THE INDIAN MARKETS ARE CONTINUED TO STRUGGLING AND REMAINED LACKLUSTRE AHEAD OF
MAHARASHTRA AND HARYANA ASSEMBLY ELECTIONS RESULTS IN THE WEEKEND.
Major headlines:
 HCL Tech quarterly profit up 32 percent shares fall
 TCS slumps over 8 percent on earnings disappointmen
 FDA votes to keep black box warning on Pfizer anti
smoking
INDEX PERFORMANCE
Indices Support Resistance
Sensex 25801 26329
Nifty 7688 7852
Indian Indices: Indian equity benchmarks altering between
positive and negative territory, were now trading flat with bit of
negative bias as gains in financials and FMCG counters failed to
offset sharp losses in TCS and HCL Technologies after they
reported lower-than-expected revenue for the quarter ended
September 30, 2014. Sentiment on the street weakened on report
that foreign portfolio investors (FPIs) sold shares worth a net Rs
1128.37 crore on October 16, 2014. However, losses remained
capped as Reserve Bank of India (RBI) governor Raghuram Rajan
has expressed hopes on the Indian growth story and has said that
the country is seeing a pick-up in economic growth and more can
be done to support it on a sustainable basis. Meanwhile, some
participants prefer remained on the sidelines and refrained from
any buying activity ahead of Maharashtra and Haryana assembly
elections results
The BSE Sensex is currently trading at 25980.12 down by 19.22
points or 0.07% after trading in a range of 26085.16 and 25917.58.
There were 18 stocks advancing against 12 stocks declining on the
index. The broader indices were trading in red; the BSE Mid cap
index was down by 0.18%, while Small cap index was down by
0.42%.The CNX Nifty is currently trading at 7,744.75 down by
3.45 points or 0.04% after trading in a range of 7,769.45 and
7,729.65. There were 32 stocks advancing against 18 declining on
the index.
MARKET INDICATORS 
Group A Top Gainers
Company Price (Rs) % chg
Nationnalum 59.95 3.36
Zeel 322.95 3.23
UBL 655.35 2.99
Jisljaleqs 79.10 2.73
Group A Top Losers
CMC 1870.85 -14.48
TCS 2463.60 -8.04
HCL tech 1523.20 -8.02
Rallis 209.65 -7.40
Market Statistics
BSE NSE
Advances 979 608
Declines 1050 649
Market Sentiment:
The market breadth on BSE was negative, out of 2114
stocks traded, 979 stocks advanced, while 1050 stocks
declined on the BSE.
Events for the day:
*API Monthly Statistical Report
*U. of Michigan Confidence
Results:
CRISIL | Supreme Inds| Zee Entertainment
IPO: Issue Open: JLA Infraville
New Listing: Dhabriya Poly

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Microeconomic Front:
Fund raising by Indian companies through issuing 'rights' shares increased by 29 per cent to about Rs
2,800 crore in the first six months of the current fiscal (2014-15) amid positive market sentiment.
Moreover, market experts are of the view that remaining part of the ongoing financial year is likely to
see more action on the 'rights'.
Corporate Front:
Tata Consultancy Services (TCS) fell as much as 8.5 percent, heading towards its biggest single day
fall since May 2009 after its earnings disappointed while its sequential U.S. dollar revenue growth also
lagged estimates.
Currency Updates:
Top Currencies Rates based on USD rates:
Currency Unit USD / Unit Unit / USD
USD 1.00000 1.00000
EUR 0.78100 1.28042
GBP 0.62181 1.60821
CAD 1.12554 0.88846
AUD 1.14383 0.87426
JPY 106.178 0.00942
INR 61.6134 0.01623
Top Sectoral & Stock Screening:
The gaining sectoral indices on the BSE were
FMCG up by 1.20%, Capital Goods up by 1.00%,
Bankex up by 0.96%, Consumer Durables up by
0.78% and Power up by 0.49% while, IT down by
3.46%, TECK down by 2.33%, Metal down by
0.90%, Realty down by 0.84% and Oil & Gas down
by 0.33% were the losing indices on BSE.
Nifty Movers: The top gainers on Nifty were Zee
Entertainment up by 3.14%, Mahindra & Mahindra
up by 2.56%, BHEL up by 2.23%, Bharti Airtel up
by 2.11% and ITC up by 1.66%. On the flip side,
TCS down by 8.17%, HCL Tech. down by 7.96%,
DLF down by 4.30%, Jindal Steel & Power down by
2.88% and Sesa Sterlite down by 2.57% were the top
losers.
On the global front:
Asian shares traded mixed on Friday after better-than-
expected economic data from the United
States (US). US industrial production in
September rose 1% and weekly jobless claims
dropped to a 14-year low, easing fears of slowing
growth. Back home, the rupee recovered from a
seven-month low by appreciating 19 paise to
61.64 against the US dollar in early trade on
selling of the American currency by exporters and
banks.
Global Signals:
Asian markets were trading mixed; Hang Seng
added 0.33%, Straits Times strengthened by 0.07%,
Jakarta Composite increased by 0.94% and FTSE
Bursa Malaysia KLCI was up by 0.71%. On the flip
side, Nikkei 225 tumbled by 0.87%, KOSPI Index
dipped 0.97%, Shanghai Composite declined by
0.42% and Taiwan Weighted was down by 1.16%.