Markets take a breather after 8-day record closing streak

1. Markets take a breather after 8-day record closing streak
Market Snapshot | 04-09-2014 04:20 PM
Taking a breather from the record ride, Indian indices slumped in red territory post a cautious start amidst weak global
cues. Sentiments worsened on World Economic Forum’s report that ranked India among the worst-ranked countries in
context to taxation and inflation burden on economy. Benchmarks settled nearly 0.20% down with Sensex and Nifty
holding the crucial levels of 27K and 8K respectively. On BSE sectorial front, Realty topped the laggards.
Among global peers, US markets edged lower dragged by losses in Apple Inc. Asian and European markets too
traded in negative terrain.
Among stock specific movements, DLF tanked 8.6% on BSE after the Punjab and Haryana High Court has set
aside the Haryana government’s decision to allot 350 acres of land to the company in Wazirabad, Gurgaon.
Jaiprakash Associates crashed 17.6% on BSE after its promoter Jaypee Infra Ventures offloaded 1.3 crore shares of
the company for Rs 62.40 crore through open market sale route.
Telecom major, Idea Cellular slipped 3% on BSE as US-based private equity firm Providence Equity Partners is
reportedly planning to sell 2.4% stake in the company via open market for up to $250 million.
Marico Kaya Enterprises soared 5% to hit fresh 52 week high at Rs 655.45 on BSE after Reserve Bank of India (RBI)
notified that foreign institutional investors (FIIs) can now invest up to 40% of the paid up capital of the company under
the Portfolio Investment Scheme.
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1319 and 1780
respectively, while 116 scrips remained unmoved.
The S&P BSE Sensex ended at 27085.93, down 54.01 points or 0.20%. The 30 share index touched a high and a
low of 27169.12 and 26972.39 respectively. 11 stocks advanced against 19 declining ones on the benchmark index.
T he CNX Nifty lost 18.65 points or 0.23% to settle at 8095.95. The index touched high and low of 8114.80 and
8060.90 respectively. 17 stocks advanced against 32 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 9615.07 and gained 0.11% while S&P BSE Small-cap index hammered
down by 0.36% to 10495.46.
The broader S&P BSE 500 index decreased to 10320.48 (down 0.23%) and CNX 500 index declined to 6501.95 (down
0.24%).
The volatility as denoted by INDIA VIX lost 2.32% at 13.08 from its previous close of 13.39 on Wednesday.
Sectors in action
On the BSE Sectorial front, Healthcare (up 0.49%), FMCG (up 0.26%) and Consumer Durables (up 0.13%) were the
top gainers.
Real Estate (down 4.42%), Metals (down 1.50%) and Capital Goods (down 1.00%) were the top losers.
The Angels and the Devils
Bajaj Auto Ltd (up 3.25%), NTPC Ltd (up 1.93%), Hero MotoCorp Ltd (up 1.83%), Housing Development Finance
Corporation Ltd (up 1.51%) and Axis Bank (up 0.74%) were the top gainers on the Sensex.
Bharat Heavy Electricals Ltd (down 4.44%), Hindalco Industries Ltd (down 3.40%), Tata Steel Ltd (down 3.14%), Tata
Motors Ltd (down 1.88%) and GAIL (India) Ltd (down 1.60%) were the top losers on the Sensex.
Benchmark Drivers
Housing Development Finance Corporation Ltd (27.39 points), Tata Motors Ltd (-20.05 points), Infosys Ltd (-14.90
points), Reliance Industries Ltd (-14.01 points) and Tata Steel Ltd (-12.90 points) were the major Sensex drivers today.

2. On the other end Housing Development Finance Corporation Ltd (7.55 points), Tata Motors Ltd (-4.95 points), Tata
Consultancy Services Ltd (-3.69 points), Infosys Ltd (-3.61 points) and Tata Steel Ltd (-3.34 points) were the major
Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 8091 for next session. The next support is at 8066 and on upside it has a resistance at
8120 levels.
CCNNXX NNiiffttyy
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
05-Sep-2014 8012 8037 8066 8091 8120 8144 8174 -
04-Sep-2014 8041 8067 8091 8116 8140 8166 8190 8095.95
03-Sep-2014 7980 8008 8046 8074 8111 8139 8177 8114.60
S&P BSE Sensex has a pivot at 27076 with first level of support and resistance at 26982 and 27179 respectively.
SS&&PP BBSSEE SSeennsseexx
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
05-Sep-2014 26786 26879 26982 27076 27179 27273 27376 -
04-Sep-2014 26904 26985 27063 27144 27222 27303 27380 27085.93
03-Sep-2014 26713 26800 26909 26996 27106 27193 27303 27139.94
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