1. Markets snap 5-day losing streak; Nifty ends shy of 6700
Market Snapshot | 05-05-2014 05:05 PM
Snapping five days of losing streak, Indian indices inched up in early deals after a cautious start. Bulls ridded D-Street
northwards, shrugging off the pessimism in global markets. However, in late trades, benchmarks pared most of their
gains to end near the previous close. Sensex settle 41 points up and Nifty ended shy of 6700. On BSE sectorial front,
Oil & Gas sector was the top gainer.
Among global peers, US markets edged lower despite encouraging jobs data as the rising tensions in Ukraine
weighed on investor’s sentiments. Additionally, Asian and European markets too traded mostly in the red as Chinese
manufacturing contracted for the fourth month.
Back home, on currency front, Rupee stretched its northward journey for the fourth consecutive day against Dollar,
tailing the recovery of local equity markets after five days of fall. As per RBI reference rate, INR stood at 60.04/USD.
On stock-specific front, Financial Technologies India Ltd (FTIL) and Multi Commodity Exchange of India (MCX)
slumped 5% and 3.22% respectively on BSE after FTIL postponed its Board meet to May 10 to decide its 24% stake
sale in MCX as the bidders have not submitted binding bids.
Suzlon Energy zoomed 5.6% on BSE after is board approved a proposal for cashless restructuring of its existing
foreign currency convertible bonds (FCCBs).
Indraprastha Gas Ltd (IGL) gained 1.85% on BSE on hiking CNG price by Rs 2.95/kg in Delhi region. The price of
compressed natural gas (CNG) was last cut by Rs 14.90 per kg in February.
Key Quarterly Results
Reliance Communications recorded a robust growth of 107.52% in Q4FY14 Net at Rs 1571 crore as compared to Rs
757 crore for the same quarter in the previous year. However, on consolidated basis, company’s Net fell 48.51% to Rs
156 crore for the quarter as compared to Rs 303 crore for Q4FY13. The stock slumped 3.93% on BSE.
Reliance Capital dived 2.28% on BSE after posting a huge fall of 77% in Q4FY14 Net at Rs 16.50 crore as compared
to Rs 72 crore for the same quarter in the previous year. On consolidated basis, company’s Net rose marginally by
0.75% at Rs 267 crore for the quarter as compared to Rs 265 crore Q4FY13.
Canara Bank rallied 6.5% on BSE despite recording posted a fall of 15.8% in Q4 Net at Rs 610.83 crore as compared
to Rs 725.38 crore for the same quarter in the previous year.
Grasim Industries registered a steep fall of 65% in Q4FY14 Net at Rs 130.26 crore as compared to Rs 372.37 crore for
the same quarter in the previous year. On consolidated basis, company’s Net slipped 16.92% at Rs 679.27 crore for
the quarter as compared to Rs 817.64 crore for the same quarter in the previous year. The stock ended marginally in
green on BSE.
V-Guard Industries rallied 6.85% on BSE after registering a huge jump of 129% in Q4 Net at Rs 20.4 crore as against
Rs 8.9 crore in the same quarter in the previous year.
T he market breadth on the BSE closed in negative. Advancing and declining stocks were 1328 and 1528
respectively, while 140 scrips remained unmoved.
The S&P BSE Sensex ended at 22445.12, up 41.23 points or 0.18%. The 30 share index touched a high and a low of
22592.03 and 22354.45 respectively. 17 stocks advanced against 13 declining ones on the benchmark index.
The CNX Nifty gained 4.55 points or 0.07% to settle at 6699.35. The index touched high and low of 6741.05 and
6680.45 respectively. 25 stocks advanced against 24 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 7348.06 and lost 0.13% while S&P BSE Small-cap index hammered
down by 0.46% to 7498.09.
The broader S&P BSE 500 index increased to 8354.28 (up 0.03%) and CNX 500 index declined to 5260.30 (down
0.01%).

2. The volatility as denoted by INDIA VIX gained 3.42% at 34.19 from its previous close of 33.06 on Friday.
Sectors in action
On the BSE Sectorial front, Oil & Gas (up 1.53%), Metals (up 1.21%) and Capital Goods (up 0.91%) were the top
gainers.
Information Technology (down 0.96%), Real Estate (down 0.75%) and Healthcare (down 0.72%) were the top losers.
The Angels and the Devils
Hindalco Industries Ltd (up 4.80%), Oil and Natural Gas Corporation Ltd (up 1.93%), Reliance Industries Ltd (up
1.82%), Tata Steel Ltd (up 1.68%) and Larsen And Toubro Ltd (up 1.62%) were the top gainers on the Sensex.
Housing Development Finance Corporation Ltd (down 2.30%), Cipla Ltd (down 2.14%), Tata Power Company Ltd
(down 1.56%), Bharti Airtel Ltd (down 1.41%) and Infosys Ltd (down 1.36%) were the top losers on the Sensex.
Benchmark Drivers
Housing Development Finance Corporation Ltd (-35.55 points), Reliance Industries Ltd (34.55 points), ITC Ltd (26.57
points), Infosys Ltd (-24.50 points) and Larsen And Toubro Ltd (19.62 points) were the major Sensex drivers today.
On the other end Housing Development Finance Corporation Ltd (-10.90 points), Reliance Industries Ltd (10.00
points), ITC Ltd (7.43 points), Infosys Ltd (-6.27 points) and Larsen And Toubro Ltd (5.11 points) were the major Nifty
movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6707 for next session. The next support is at 6673 and on upside it has a resistance at
6733 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
06-May-2014 6612 6646 6673 6707 6733 6768 6794 -
05-May-2014 6629 6659 6677 6707 6725 6755 6773 6699.35
02-May-2014 6519 6588 6642 6711 6765 6834 6889 6694.80
S&P BSE Sensex has a pivot at 22464 with first level of support and resistance at 22336 and 22573 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
06-May-2014 22098 22226 22336 22464 22573 22701 22811 -
05-May-2014 22147 22267 22335 22455 22524 22644 22713 22445.12
02-May-2014 21846 22066 22242 22461 22637 22857 23033 22403.89
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