Nifty ends below 6200 as Services PMI shrinks

1. Nifty ends below 6200 as Services PMI shrinks
Market Snapshot | 06-01-2014 04:20 PM
Tailing soft global cues, Indian indices plunged instantly after a positive start. Pessimistic sentiments persisted amidst
announcement of decelerated Services PMI for December. Benchmarks ended in red for the fourth consecutive
session, marking all the negative closes in the year 2014. Both barometer gauges lost nearly 0.3% with Nifty below
6200. Among BSE sectorials, Bankex was the top laggard.
On global front, US indices edged lower after Bernanke’s speech stating his cautious outlook for economy. Asian and
European indices also traded weak with Nikkei tumbling over 2%.
Back home, HSBC Services Purchasing Managers' Index (PMI) plummeted to 46.7 in December 2013 from 47.2 in
November 2013. This was the sixth consecutive monthly fall and the lowest level of last three months. The Services
PMI dropped amidst plunging new work orders regardless of firms hiring at their fastest pace in five months. (Read
More)
Petrol and diesel prices hiked by 75 paise and 50 paise respectively citing the rise in global oil rates and fall in rupee
value. The hike in prices were effective from January 3, 2014 midnight and the actual increase will be higher which will
vary from city to city. (Read More)
On stock specific front, India Info line Ltd spurted 6% on BSE as the company is planning to offload its 76% stake in its
Sri Lankan subsidiary namely IIFL Securities Ceylon engaged in stock broking activities. (Read More)
RPP Infra Projects rallied 20% on BSE as the company’s order book jumped to Rs 650 crore. (Read More)
JSW Steel soared 4.3% and hit fresh 52 week high at Rs 1041.3 on BSE after completing the acquisition of Heidelberg
Cement India’s cement grinding facility situated at Raigad in state of Maharashtra. (Read More)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1531 and 1069 respectively,
while 170 scrips remained unmoved.
The S&P BSE Sensex ended at 20787.30, down 64.03 points or 0.31%. The 30 share index touched a high and a
low of 20913.79 and 20721.98 respectively. 9 stocks advanced against 21 declining ones on the benchmark index.
The CNX Nifty lost 19.70 points or 0.32% to settle at 6191.45. The index touched high and low of 6224.70 and
6170.25 respectively. 16 stocks advanced against 33 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved up to 6682.78 and gained 0.35% while S&P BSE Small-cap index jumped up by
0.95% to 6615.03.
The broader S&P BSE 500 index decreased to 7723.68 (down 0.11%) and CNX 500 index declined to 4845.05 (down
0.12%).
The volatility as denoted by INDIA VIX gained 3.97% at 16.50 from its previous close of 15.87 on Friday.
Sectors in action
On the BSE Sectorial front, Healthcare (up 0.48%), FMCG (up 0.44%) and Automobile (up 0.20%) were the top
gainers.
Banks (down 1.13%), Real Estate (down 0.71%) and Information Technology (down 0.49%) were the top losers.
The Angels and the Devils
Oil and Natural Gas Corporation Ltd (up 1.92%), Sun Pharmaceutical Industries Ltd (up 1.41%), Tata Motors Ltd (up
1.14%), Tata Consultancy Services Ltd (up 0.79%) and Housing Development Finance Corporation Ltd (up 0.63%)
were the top gainers on the Sensex.
Tata Power Company Ltd (down 2.56%), ICICI Bank (down 2.46%), State Bank of India (down 1.66%), Hero MotoCorp
Ltd (down 1.45%) and Infosys Ltd (down 1.44%) were the top losers on the Sensex.

2. Benchmark Drivers
ICICI Bank (-34.91 points), Infosys Ltd (-28.77 points), Reliance Industries Ltd (-20.64 points), Tata Consultancy
Services Ltd (11.88 points) and Oil and Natural Gas Corporation Ltd (10.43 points) were the major Sensex drivers
today.
On the other end ICICI Bank (-8.70 points), Infosys Ltd (-6.69 points), Reliance Industries Ltd (-4.79 points), Tata
Consultancy Services Ltd (2.96 points) and State Bank of India (-2.81 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6195 for next session. The next support is at 6166 and on upside it has a resistance at
6221 levels.
CNX Nifty
Eff. Date
07-Jan-2014
06-Jan-2014
03-Jan-2014
S3
6112
6131
6022
S2
6141
6151
6117
S1
6166
6181
6169
PIVOT
6195
6201
6264
R1
6221
6231
6316
R2
6250
6252
6411
R3
6275
6282
6463
Actual Close
6191.45
6211.15
S&P BSE Sensex has a pivot at 20808 with first level of support and resistance at 20702 and 20893 respectively.
S&P BSE Sensex
Eff. Date
07-Jan-2014
06-Jan-2014
03-Jan-2014
S3
20510
20606
20228
Follow us on
S2
20616
20669
20537
S1
20702
20760
20713
PIVOT
20808
20823
21022
R1
20893
20914
21198
R2
21000
20976
21507
R3
21085
21068
21682
Actual Close
20787.30
20851.33
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