After a day’s pause, Indian indices resumed the bullish streak despite mixed global cues. Fading Ukraine worries and buying in frontline blue chip stocks persuaded Indian benchmarks to stretch the upmove with Nifty hitting 6300 milestone first time after January 23, 2014. Both barometer gauges rallied 1.25% at close with Sensex soaring 263 points. On BSE sectorial front, Metal index spiked 3% followed by Bankex.

1. Sensex shoots 263 points on fading Ukraine worries
Market Snapshot | 04-03-2014 04:22 PM
After a day’s pause, Indian indices resumed the bullish streak despite mixed global cues. Fading Ukraine worries and
buying in frontline blue chip stocks persuaded Indian benchmarks to stretch the upmove with Nifty hitting 6300
milestone first time after January 23, 2014. Both barometer gauges rallied 1.25% at close with Sensex soaring 263
points. On BSE sectorial front, Metal index spiked 3% followed by Bankex.
Among global peers, US markets traded in negative terrain as investors remained worried about severing ties between
Russia and Ukraine. Ukraine fears faded after President Vladimir Putin has ordered troops to return to base that led
Asian and European indices to recuperate from early losses.
Back home, on currency front, Rupee recovered from losses against Dollar tailing gains in local equities. In futures
trades, INR hit an intra-day high of 62.09/USD and an intra-day low of 62.48/USD. In spot trades, INR hit an intra-day
high of 61.82/USD and an intra-day low of 62.15/USD. As per RBI reference rate, INR stood at 61.90/USD. (Read
More)
On macro-economic front, Union Commerce and Industry Minister Anand Sharma said, “cabinet note on allowing
foreign direct investment (FDI) in the railway and construction sectors has been approved.” Further, the minister
underscored that the processes to cabinet note stand have been completed and the proposal would take final shape
soon. (Read More)
On stock-specific front, Dhanlaxmi Bank zoomed 14.6% on BSE after the board approved the allotment of equity
shares on a preferential basis at a price of Rs 39 per share which is 31% higher than closing price of previous session.
IVRCL ltd shot 7.7% on BSE on bagging multiple orders worth Rs 2632.85 crore under its Irrigation Division and Water
Division. (Read More)
Hindustan Construction Company (HCC) surged 5% on BSE after the company’s joint venture GVPR Engineers won
contract worth Rs 903.83 crore from Karnataka Neeravari Nigam. (Read More)
Ramco Systems jumped 5% to hit 52 week high at Rs 220.25 on BSE on entering into a strategic partnership with
Malaysia Airline, for a suite of critical enterprise-wide engineering solutions including aircraft maintenance, operational,
human resources and financial functions. (Read More)
Bharat Heavy Electricals Ltd (BHEL) jumped 2.6% on BSE after insurance major, Life Insurance Corporation of India
(LIC) acquired 4.66% stake or 114.1 million shares in the company from Government at Rs 165.55 each in a block deal
aggregating Rs 1889 crore. (Read More)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1687 and 1135 respectively,
while 149 scrips remained unmoved.
The S&P BSE Sensex ended at 21209.73, up 263.08 points or 1.26%. The 30 share index touched a high and a low
of 21224.64 and 20940.39 respectively. 28 stocks advanced against 2 declining ones on the benchmark index.
The CNX Nifty gained 76.50 points or 1.23% to settle at 6297.95. The index touched high and low of 6302.15 and
6215.70 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 6565.59 and gained 1.31% while S&P BSE Small-cap index jumped up by
1.03% to 6515.79.
The broader S&P BSE 500 index increased to 7751.30 (up 1.22%) and CNX 500 index rose to 4873.20 (up 1.18%).
The volatility as denoted by INDIA VIX lost 5.82% at 14.39 from its previous close of 15.28 on Monday.
Sectors in action
On the BSE Sectorial front, Metals (up 3.31%), Banks (up 2.47%) and Capital Goods (up 2.00%) were the top gainers.
Healthcare (down 0.40%) and Information Technology (down 0.01%) were the top losers.

2. The Angels and the Devils
Hindalco Industries Ltd (up 8.25%), Sesa Sterlite Ltd (up 4.96%), ICICI Bank (up 3.75%), Axis Bank (up 3.61%) and
GAIL (India) Ltd (up 3.49%) were the top gainers on the Sensex.
Sun Pharmaceutical Industries Ltd (down 0.49%) and Dr. Reddys Laboratories Ltd (down 0.40%) were the top losers
on the Sensex.
Benchmark Drivers
ICICI Bank (51.76 points), Reliance Industries Ltd (22.88 points), Housing Development Finance Corporation Ltd
(22.34 points), Larsen And Toubro Ltd (19.43 points) and ITC Ltd (18.69 points) were the major Sensex drivers today.
On the other end ICICI Bank (13.16 points), Reliance Industries Ltd (4.92 points), Larsen And Toubro Ltd (4.63 points),
Housing Development Finance Corporation Ltd (4.00 points) and ITC Ltd (3.95 points) were the major Nifty movers
today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6272 for next session. The next support is at 6242 and on upside it has a resistance at
6328 levels.
CNX Nifty
Eff. Date
05-Mar-2014
04-Mar-2014
03-Mar-2014
S3
6155
6131
6188
S2
6185
6172
6208
S1
6242
6197
6242
PIVOT
6272
6237
6263
R1
6328
6262
6297
R2
6358
6303
6317
R3
6415
6328
6352
Actual Close
6297.95
6221.45
S&P BSE Sensex has a pivot at 21125 with first level of support and resistance at 21025 and 21309 respectively.
S&P BSE Sensex
Eff. Date
05-Mar-2014
04-Mar-2014
03-Mar-2014
S3
20741
20646
20876
Follow us on
S2
20841
20784
20933
S1
21025
20865
21026
PIVOT
21125
21003
21083
R1
21309
21084
21177
R2
21409
21222
21234
R3
21594
21303
21328
Actual Close
21209.73
20946.65
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