Markets resume record making stint; Nifty @8174

1. Markets resume record making stint; Nifty @8174
Market Snapshot | 08-09-2014 04:20 PM
After a 2-day hiatus, markets resumed the northward journey by spurting at open. Persistent foreign flows coupled with
Rupee’s strengthening against Dollar pulled markets higher with Nifty flagging fresh lifetime high of 8180.20. Both
barometer gauges mounted 1.08% to settle near record levels.
The S&P BSE Sensex ended at 27319.85, up 293.15 points or 1.08%. The 30 share index touched a high and a low
of 27354.99 and 27144.56 respectively. 26 stocks advanced against 4 declining ones on the benchmark index.
The CNX Nifty gained 87.05 points or 1.08% to settle at 8173.90. The index touched high and low of 8180.20 and
8126.15 respectively. 41 stocks advanced against 9 declining ones on the index.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 2174 and 999 respectively,
while 117 scrips remained unmoved.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 9793.67 and gained 1.29% while S&P BSE Small-cap index jumped up by
2.11% to 10851.83.
The broader S&P BSE 500 index increased to 10441.89 (up 1.17%) and CNX 500 index rose to 6578.00 (up 1.16%).
The volatility as denoted by INDIA VIX lost 1.16% at 12.79 from its previous close of 12.94 on Friday.
Among global peers, US markets traded mixed amidst lower-than-estimated jobs data & eased geopolitical worries.
Asian markets were trading mixed and European markets were trading lower.
Back home, on currency turf, Rupee strengthened to five month high level on the back of dollar losses against major
currencies following weaker than anticipated US jobs data.
Sectors in action
On the BSE Sectorial front, Oil & Gas (up 1.79%), FMCG (up 1.40%) and Banks (up 1.38%) were the top gainers.
Consumer Durables (down 0.22%) was the sole loser.
On stock specific front, Punj Lloyd zoomed 9.9% on BSE on winning a giant order worth Rs 3515 crore from PRPC
Refinery and Cracker Sdn. Bhd.
Mahanagar Telephone Nigam (MTNL) slipped 3.75% on BSE on plans to sell 50% stake in wholly-owned unit
Millennium Telecom (MTL) to Bharat Sanchar Nigam (BSNL) for creating an equally owned joint venture for delivering
citizens’ services.
The Angels and the Devils
Hindalco Industries Ltd (up 3.49%), Oil and Natural Gas Corporation Ltd (up 2.78%), State Bank of India (up 1.94%),
HDFC Bank (up 1.80%) and Wipro Ltd (up 1.66%) were the top gainers on the Sensex.
NTPC Ltd (down 1.61%), Mahindra and Mahindra Ltd (down 0.75%), Tata Power Company Ltd (down 0.34%) and
Housing Development Finance Corporation Ltd (down 0.18%) were the top losers on the Sensex.
Benchmark Drivers
HDFC Bank (33.78 points), Infosys Ltd (26.97 points), ICICI Bank (26.39 points), Tata Consultancy Services Ltd (26.39
points) and Reliance Industries Ltd (25.05 points) were the major Sensex drivers today.
On the other end HDFC Bank (9.10 points), Tata Consultancy Services Ltd (7.52 points), Infosys Ltd (7.20 points),
ICICI Bank (6.96 points) and Reliance Industries Ltd (6.21 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 8160 for next session. The next support is at 8140 and on upside it has a resistance at

2. CNX Nifty is now pivoted at 8160 for next session. The next support is at 8140 and on upside it has a resistance at
8194 levels.
CCNNXX NNiiffttyy
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
09-Sep-2014 8086 8106 8140 8160 8194 8214 8248 -
08-Sep-2014 7977 8014 8050 8086 8123 8159 8196 8173.90
05-Sep-2014 8012 8037 8066 8091 8120 8144 8174 8086.85
S&P BSE Sensex has a pivot at 27273 with first level of support and resistance at 27191 and 27402 respectively.
SS&&PP BBSSEE SSeennsseexx
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
09-Sep-2014 26981 27063 27191 27273 27402 27484 27612 -
08-Sep-2014 26647 26784 26905 27042 27163 27300 27422 27319.85
05-Sep-2014 26786 26879 26982 27076 27179 27273 27376 27026.70
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