Markets fell for fifth straight session with Sensex below 20700

1. Markets fell for fifth straight session with Sensex below 20700
Market Snapshot | 07-01-2014 04:20 PM
Following a gap up start markets subsequently erased gains in late morning trades and plunged in red. Benchmarks
continued to trade weak in absence of any positive catalyst and settled in red zone for the fifth straight session,
marking all the negative close in the year 2014. On BSE sectorial front, Metal index was the top loser followed by
Realty sector.
Among global peers, US indices traded mixed on getting disappointing reading on service sector activity. On the other
hand, most of the Asian and European indices traded in green.
Back home, Shree Renuka Sugars soared 10.9% on BSE as the promoters are looking to offload stake in the
company.
Ramky Infrastructure rallied 9% on BSE after company’s Joint Venture with IL&FS Transportation Networks (ITNL) got
Provisional Completion Certificate from Andhra Pradesh Road Development Corporation (APRDC) on January 02,
2014. (Read More)
Suzlon Energy climbed 6.5% on BSE as the company will soon reach a non-cash settlement with FCCB holders under
which the company may issue five year fresh bonds to them worth over USD 500.
Sharon Bio–Medicine spurted 6.8% and touch new 52 week high at Rs 441.5 on BSE on plans of sub-division of
equity shares and issuance of bonus equity shares. (Read More)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1325 and 1288 respectively,
while 160 scrips remained unmoved.
The S&P BSE Sensex ended at 20693.24, down 94.06 points or 0.45%. The 30 share index touched a high and a
low of 20890.48 and 20637.18 respectively. 12 stocks advanced against 18 declining ones on the benchmark index.
The CNX Nifty lost 29.20 points or 0.47% to settle at 6162.25. The index touched high and low of 6221.50 and
6144.75 respectively. 17 stocks advanced against 33 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved down to 6657.63 and lost 0.38% while S&P BSE Small-cap index jumped up by
0.36% to 6639.11.
The broader S&P BSE 500 index decreased to 7684.36 (down 0.51%) and CNX 500 index declined to 4820.25 (down
0.51%).
The volatility as denoted by INDIA VIX lost 1.09% at 16.32 from its previous close of 16.50 on Monday.
Sectors in action
On the BSE Sectorial front, Capital Goods (up 0.49%), Consumer Durables (up 0.21%) and Healthcare (up 0.12%)
were the top gainers.
Metals (down 1.68%), Real Estate (down 1.65%) and Oil & Gas (down 1.37%) were the top losers.
The Angels and the Devils
Maruti Suzuki India Ltd (up 2.18%), GAIL (India) Ltd (up 1.09%), Sun Pharmaceutical Industries Ltd (up 0.95%), ICICI
Bank (up 0.89%) and Bharti Airtel Ltd (up 0.87%) were the top gainers on the Sensex.
Tata Steel Ltd (down 3.29%), Tata Power Company Ltd (down 2.87%), Hindalco Industries Ltd (down 1.86%), Sesa
Sterlite Ltd (down 1.86%) and NTPC Ltd (down 1.78%) were the top losers on the Sensex.
Benchmark Drivers
Infosys Ltd (-32.16 points), Reliance Industries Ltd (-26.28 points), Tata Consultancy Services Ltd (-21.39 points),
ICICI Bank (12.39 points) and Tata Steel Ltd (-10.61 points) were the major Sensex drivers today.

2. On the other end Infosys Ltd (-8.60 points), Reliance Industries Ltd (-6.62 points), Tata Consultancy Services Ltd (5.70 points), ICICI Bank (3.08 points) and Tata Steel Ltd (-2.68 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6176 for next session. The next support is at 6131 and on upside it has a resistance at
6208 levels.
CNX Nifty
Eff. Date
08-Jan-2014
07-Jan-2014
06-Jan-2014
S3
6054
6112
6131
S2
6099
6141
6151
S1
6131
6166
6181
PIVOT
6176
6195
6201
R1
6208
6221
6231
R2
6253
6250
6252
R3
6284
6275
6282
Actual Close
6162.25
6191.45
S&P BSE Sensex has a pivot at 20740 with first level of support and resistance at 20590 and 20843 respectively.
S&P BSE Sensex
Eff. Date
08-Jan-2014
07-Jan-2014
06-Jan-2014
S3
20337
20510
20606
Follow us on
S2
20487
20616
20669
S1
20590
20702
20760
PIVOT
20740
20808
20823
R1
20843
20893
20914
R2
20994
21000
20976
R3
21097
21085
21068
Actual Close
20693.24
20787.30
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