1. Markets snap 5-day losing streak; Sensex scores double ton
Market Snapshot | 15-07-2014 04:20 PM
Snapping 5-day losing streak, Indian indices made a gap up start with Sensex at 25100. Bulls retained their hold on
the DStreet and cheered the rocking June CPI numbers that eased to 29 month low level. In noon deals, Sensex pared
some gains but last hour buying helped it to close with a lead of 221 points over yesterday’s close. Rate sensitive
counters led by SBI dominated the proceedings. On BSE sectorial front, Consumer Durables topped the charts.
Among global markets, US markets climbed with Dow closing above 17000 mark amidst better than expected corporate
earnings. Asian markets too traded in positive terrain. On the flip side, European markets were trading in red.
Back home, on currency front, Rupee exhibited soft trades against Dollar on demand of US currency for making oil and
defense related payments amidst strength of American currencies overseas In futures trades, INR hit an intra-day high
of 60.410/USD and an intra-day low of 60.215/USD. In spot trades, INR hit an intra-day high of 60.240/USD and an
intra-day low of 60.065/USD. As per RBI reference rates, INR stood at 60.22/USD.
On commodities front, the yellow metal traded weak in the early deals but later recouped losses to trade higher. In
futures trades of August expiry, Gold marked intra-day high at Rs 27948 per 10 grams and an intra-day low at Rs
27810 per 10 grams.
On macro-economic front, adding to the slew of cheerful digits, the retail inflation also eased to an amazing level of 29
months low in June. Consumer Price Index (CPI) softened to 7.31% in June 2014 as compared to 8.28% in May 2014
and 9.87% in June 2013. The street had an expectation of 7.45% for the period. Icing on the cake, the Core inflation
too came down to 7.4% as compared to 7.74% in May.
On stock specific front, Orchid Chemicals & Pharmaceuticals zoomed 14% to hit fresh 52 week high at Rs 85.35 on
BSE as the promoters will increase their stake in the company to 45% and board has approved the issue of shares to
promoters on a preferential basis.
Mphasis rallied 7.28% on BSE on the reports of Tech Mahindra (up 1.2%) eyeing Hewlett-Packard's 60.49% stake in
the company and initiating exploratory talks for this.
Country’s private sector giant, Reliance Industries (RIL) ended 1.16% up on BSE despite government imposing an
additional penalty of $579 million on the company for producing less than targeted natural gas from its KG-D6 block.
Consequently, total penalty on RIL in four fiscal years beginning April 1, 2010 stands at a cumulative $2.376 billion.
HCL Infosystems jumped 6.3% on BSE after entering into a strategic alliance with Lenovo India with a view to trigger
growth and extend businesses for both companies.
Anil Ltd spurted 5% on BSE after the company’s wholly owned subsidiary - Anil Life Sciences acquired the assets
along with the running business of Siddhi Vinayak Agro Industries (SVAIPL) for a cash consideration of Rs 46 crore.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1936 and 1123 respectively,
while 120 scrips remained unmoved.
The S&P BSE Sensex ended at 25228.65, up 221.67 points or 0.89%. The 30 share index touched a high and a low
of 25254.48 and 25020.32 respectively. 18 stocks advanced against 11 declining ones on the benchmark index.
The CNX Nifty gained 72.50 points or 0.97% to settle at 7526.65. The index touched high and low of 7534.90 and
7459.15 respectively. 37 stocks advanced against 13 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 9044.92 and gained 1.93% while S&P BSE Small-cap index jumped up by
2.21% to 9856.00.
The broader S&P BSE 500 index increased to 9631.45 (up 1.26%) and CNX 500 index rose to 6067.35 (up 1.28%).
The volatility as denoted by INDIA VIX lost 5.08% at 14.77 from its previous close of 15.56 on Monday.
Sectors in action
On the BSE Sectorial front, Consumer Durables (up 2.82%), Banks (up 2.76%) and Capital Goods (up 2.23%) were

2. On the BSE Sectorial front, Consumer Durables (up 2.82%), Banks (up 2.76%) and Capital Goods (up 2.23%) were
the top gainers.
FMCG (down 0.31%) and Information Technology (down 0.17%) were the top losers.
The Angels and the Devils
State Bank of India (up 4.47%), Bharat Heavy Electricals Ltd (up 4.31%), ICICI Bank (up 3.40%), Tata Steel Ltd (up
2.91%) and Axis Bank (up 2.78%) were the top gainers on the Sensex.
Dr. Reddys Laboratories Ltd (down 1.99%), Hero MotoCorp Ltd (down 1.74%), NTPC Ltd (down 1.42%), Tata
Consultancy Services Ltd (down 1.18%) and Sesa Sterlite Ltd (down 1.17%) were the top losers on the Sensex.
Benchmark Drivers
ICICI Bank (60.69 points), State Bank of India (41.69 points), Larsen And Toubro Ltd (32.95 points), Reliance
Industries Ltd (22.79 points) and ITC Ltd (-22.09 points) were the major Sensex drivers today.
On the other end ICICI Bank (16.88 points), State Bank of India (10.38 points), Larsen And Toubro Ltd (8.76 points),
Reliance Industries Ltd (5.39 points) and HDFC Bank (5.22 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7507 for next session. The next support is at 7479 and on upside it has a resistance at
7555 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
16-Jul-2014 7403 7431 7479 7507 7555 7583 7630 -
15-Jul-2014 7368 7395 7425 7452 7481 7508 7537 7526.65
14-Jul-2014 7217 7332 7396 7511 7575 7690 7753 7454.15
S&P BSE Sensex has a pivot at 25168 with first level of support and resistance at 25081 and 25315 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
16-Jul-2014 24847 24934 25081 25168 25315 25402 25549 -
15-Jul-2014 24697 24794 24901 24998 25104 25202 25308 25228.65
14-Jul-2014 24249 24614 24819 25184 25389 25754 25959 25006.98
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