1. FII powers benchmarks to log all-time highs; Nifty @6526
Market Snapshot | 07-03-2014 04:21 PM
It was an extraordinary session of trading where both the benchmarks attained unseen heights amid reports that FIIs
injected $1 billion in Indian markets during previous 15 sessions. A private survey indicating the high prospects of
Narendra Modi led NDA coming to power has accelerated the euphoria.
Following a flat start, vivacious indices continued the bull ride for 4th day. Investors’ happy-go-lucky mood buoyed
indices to stretch their sparkling journey towards new peaks with Sensex touching 21961 and Nifty touching 6538
respectively. Additionally, Rupee appreciating to 61/$ retained sanguinity in D-Street. Benchmarks ended the joyous
ride at record closing levels by soaring 1.9%.
On BSE sectorial front, Realty and Bankex rocked the show by zooming over 5% whereas Healthcare was the top
laggard.
Among global peers, US indices witnessed mixed trades ahead of US jobs data. European indices were dipped in red
while Asian indices traded mixed. Nikkei bucked the trend by surging to 5-week high levels straddling weak yen
against foreign currencies.
Back home, on currency front, Rupee appreciated to touch 12 week high at sub 61 per Dollar levels on the back of
bull-run in domestic equities. In futures trades, INR hit an intra-day high of 61.12/USD and an intra-day low of
61.4/USD. In spot trades, INR hit an intra-day high of 60.94/USD and an intra-day low of 61.11/USD. As per RBI
reference rate, INR stood at 60.98/USD. (Read More)
On stock-specific front, telecom major, Bharti Airtel climbed 5.46% on BSE after global rating agency, Standard &
Poor’s Ratings Services upgraded company’s long-term corporate credit rating to ‘BBB-’ from ‘BB+’ with stable outlook.
(Read More)
Capital Goods’ giant, Larsen and Toubro (L&T) soared 4.9% and made fresh 38-month high at Rs 1221.80 amidst
joyous trades in market. Brokerage house Citi has raised its target price for the stock to Rs 1305 from Rs 1137.
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1427 and 1506
respectively, while 175 scrips remained unmoved.
The S&P BSE Sensex ended at 21919.79, up 405.92 points or 1.89%. The 30 share index touched a high and a low
of 21960.89 and 21539.44 respectively. 22 stocks advanced against 8 declining ones on the benchmark index.
The CNX Nifty gained 125.50 points or 1.96% to settle at 6526.65. The index touched high and low of 6537.80 and
6413.55 respectively. 36 stocks advanced against 13 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved down to 6693.44 and lost 0.22% while S&P BSE Small-cap index hammered
down by 0.21% to 6612.45.
The broader S&P BSE 500 index increased to 7994.92 (up 1.38%) and CNX 500 index rose to 5033.85 (up 1.51%).
The volatility as denoted by INDIA VIX gained 15.47% at 16.72 from its previous close of 14.48 on Thursday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 5.40%), Banks (up 5.35%) and Capital Goods (up 4.05%) were the top
gainers.
Healthcare (down 2.02%) and Information Technology (down 1.97%) were the top losers.
The Angels and the Devils
Bharat Heavy Electricals Ltd (up 6.31%), ICICI Bank (up 5.97%), Axis Bank (up 5.92%), Reliance Industries Ltd (up
5.72%) and Bharti Airtel Ltd (up 5.46%) were the top gainers on the Sensex.
Dr. Reddys Laboratories Ltd (down 3.59%), Wipro Ltd (down 3.25%), Infosys Ltd (down 2.47%), Sun Pharmaceutical
Industries Ltd (down 1.43%) and Tata Consultancy Services Ltd (down 0.72%) were the top losers on the Sensex.

2. Benchmark Drivers
Reliance Industries Ltd (96.89 points), ICICI Bank (90.60 points), HDFC Bank (79.67 points), Larsen And Toubro Ltd
(53.71 points) and Infosys Ltd (-53.65 points) were the major Sensex drivers today.
On the other end Reliance Industries Ltd (24.20 points), ICICI Bank (22.75 points), HDFC Bank (19.92 points), Larsen
And Toubro Ltd (13.57 points) and Infosys Ltd (-12.97 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6493 for next session. The next support is at 6448 and on upside it has a resistance at
6572 levels.
CNX Nifty
Eff. Date
10-Mar-2014
07-Mar-2014
06-Mar-2014
S3
6323
6291
6250
S2
6368
6316
6269
S1
6448
6358
6299
PIVOT
6493
6382
6318
R1
6572
6425
6347
R2
6617
6449
6366
R3
6696
6492
6396
Actual Close
6526.65
6401.15
S&P BSE Sensex has a pivot at 21807 with first level of support and resistance at 21653 and 22074 respectively.
S&P BSE Sensex
Eff. Date
10-Mar-2014
07-Mar-2014
06-Mar-2014
S3
21231
21192
21034
Follow us on
S2
21385
21261
21105
S1
21653
21387
21191
PIVOT
21807
21456
21262
R1
22074
21583
21348
R2
22228
21652
21419
R3
22495
21778
21505
Actual Close
21919.79
21513.87
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