Markets end in green shrugging off World Bank’s forecast

1. Markets end in green shrugging off World Bank’s forecast
Market Snapshot | 12-06-2014 04:20 PM
Following a gap-up start, Indian indices continued to trade in green shrugging off pessimistic global cues. However the
gains remained capped amidst cautiousness ahead of the IIP and CPI data announcements later in the day. Both
barometer gauges ended up with Sensex soaring 102 points and Nifty settling at 7650. On BSE sectorial front,
Healthcare was the top gainer.
Among global peers, US markets snapped 5-day winning streak on World Bank’s cut in global growth forecast citing
the harsh winter in US and Russia-Ukraine crisis. Asian indices were mostly trading in red zone on a weak handover
from Wall-Street. On the positive side, European indices have recouped some of the losses to trade in green zone.
Back home, on currency front, Rupee traded mixed against Dollar amidst cautiousness ahead of the declaration of
important macro-economic data later in the day. In futures trades, INR hit an intra-day high of 59.37/USD and an intra-
day low of 59.49/USD. In spot trades, INR hit an intra-day high of 59.28/USD and an intra-day low of 59.36/USD. As
per RBI reference rates, INR stood at 59.32/USD.
On commodities front, the yellow metal got benefited from World Bank’s forecast as investors opted for a safe
investment. In futures trades of August expiry, Gold marked intra-day high at Rs 26085 per 10 grams and an intra-day
low at Rs 25980 per 10 grams.
On macro-economic front, the business friendly Prime Minister has reassured that containing inflation is
Government’s top priority and imminent measures are underway. Retail inflation had moved to 8.59% in April on y-o-y
basis.
On the stock-specific front, IT major Infosys Ltd which gained untoward attentions in past for a long list of
resignations by senior officials, has appointed Dr. Vishal Sikka as the Chief Executive Officer and Managing Director of
the company. He will take over the responsibilities from Mr. S. D. Shibulal on 1 August 2014. Infy founder and
Executive Chairman Narayana Murthy will step down on June 14, along with his son Rohan and executive vice
chairman S Gopalakrishnan. The stock ended marginally down on BSE.
Strides Arcolab spiked 2.05% on BSE as Goldman Sachs and Morgan Stanley have collectively bought 626212 equity
shares representing 1.05% stake in the company in past two trading sessions.
Jubilant Life Science climbed 2.85% to flag record high at Rs 220 on BSE on raising prices of Vitamin B3 Niacinamide
by 9%.
Realty major, Housing Development and Infrastructure (HDIL) tumbled 3.25% on BSE after global rating agency,
Nomura Singapore offloaded 2.09 million equity shares representing 0.5% stake in the company at Rs 105.95 per
share via a block deal in open market transaction.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1827 and 1410 respectively,
while 104 scrips remained unmoved.
The S&P BSE Sensex ended at 25576.21, up 102.32 points or 0.40%. The 30 share index touched a high and a low
of 25611.32 and 25409.69 respectively. 20 stocks advanced against 9 declining ones on the benchmark index.
The CNX Nifty gained 23.05 points or 0.30% to settle at 7649.90. The index touched high and low of 7658.00 and
7593.80 respectively. 30 stocks advanced against 20 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 9166.31 and gained 0.52% while S&P BSE Small-cap index jumped up by
0.36% to 9985.48.
The broader S&P BSE 500 index increased to 9783.37 (up 0.33%) and CNX 500 index rose to 6168.80 (up 0.26%).
The volatility as denoted by INDIA VIX lost 0.94% at 16.90 from its previous close of 17.06 on Wednesday.
Sectors in action
On the BSE Sectorial front, Healthcare (up 1.39%), Automobile (up 0.60%) and FMCG (up 0.46%) were the top
gainers.

2. Oil & Gas (down 0.15%) and Consumer Durables (down 0.02%) were the top losers.
The Angels and the Devils
Hindalco Industries Ltd (up 3.78%), Sun Pharmaceutical Industries Ltd (up 2.80%), Housing Development Finance
Corporation Ltd (up 2.62%), HDFC Bank (up 2.37%) and Maruti Suzuki India Ltd (up 1.33%) were the top gainers on
the Sensex.
Bharti Airtel Ltd (down 3.57%), Coal India Ltd (down 2.31%), Axis Bank (down 1.90%), Bharat Heavy Electricals Ltd
(down 1.17%) and Sesa Sterlite Ltd (down 0.75%) were the top losers on the Sensex.
Benchmark Drivers
HDFC Bank (43.30 points), Housing Development Finance Corporation Ltd (42.91 points), Bharti Airtel Ltd (-20.53
points), Tata Consultancy Services Ltd (18.30 points) and Sun Pharmaceutical Industries Ltd (16.53 points) were the
major Sensex drivers today.
On the other end Housing Development Finance Corporation Ltd (11.19 points), HDFC Bank (11.14 points), Bharti
Airtel Ltd (-5.60 points), Tata Consultancy Services Ltd (5.36 points) and Sun Pharmaceutical Industries Ltd (4.30
points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7634 for next session. The next support is at 7610 and on upside it has a resistance at
7674 levels.
CNX NiftyCNX Nifty
Eff. DateEff. Date S 3S 3 S 2S 2 S 1S 1 PIVOTPIVOT R 1R 1 R 2R 2 R 3R 3 Actual CloseActual Close
13-Jun-2014 7546 7570 7610 7634 7674 7698 7738 -
12-Jun-2014 7466 7528 7577 7639 7688 7750 7799 7649.90
11-Jun-2014 7492 7536 7596 7640 7700 7744 7804 7626.85
S&P BSE Sensex has a pivot at 25532 with first level of support and resistance at 25454 and 25655 respectively.
S&P BSE SensexS&P BSE Sensex
Eff. DateEff. Date S 3S 3 S 2S 2 S 1S 1 PIVOTPIVOT R 1R 1 R 2R 2 R 3R 3 Actual CloseActual Close
13-Jun-2014 25252 25331 25454 25532 25655 25734 25857 -
12-Jun-2014 24944 25155 25314 25525 25685 25895 26055 25576.21
11-Jun-2014 25020 25184 25384 25547 25747 25911 26111 25473.89
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