1. Record making streak continues; Nifty surges past 7250
Market Snapshot | 19-05-2014 04:22 PM
After a dream 5% rally in previous week, markets continued the “NaMo rally” on Monday propped by stocks of public
sector undertakings (PSUs) and Power companies. Global rating agency, Moody’s statement indicating that BJP led
NDA’s landslide victory in general election 2014 is ‘credit positive’ for India, also helped sustain the optimism on
bourses. Sensex scored 241 points to close 1% up at its record closing levels. Over 400 BSE listed stocks have
registered their fresh 52 week highs today.
On sectorial front, S&P Power shot up 10.15% with Jaiprakash Power Ventures Ltd leading by 30%. S&P BSE PSU
zoomed 9% with MMTC cloaking 20% gains. On the flip side, BSE IT continued its bear run as Rupee zoomed past its
11 month high.
On global front, US indices closed in green with 0.3-0.5% gains on Friday. On the other hand, European and Asian
markets were mostly in negative trends.
Back home, Indian Rupee (INR) has surpassed its eleven month high and hit 58.37 levels during the day. As per RBI
reference rates, price of INR stood at 58.43/USD.
Key Quarterly Results
Adani Enterprises gained about 2% on bourses as the company reported over six fold rise in its Q4FY14 consolidated
net profit at Rs 2847.82 crore versus Rs 473.80 crore for Q4FY13. The stock has been in thick of the action for quite
some time and has grown over 100% during election time.
Jubilant Foodworks gained 3.1% on BSE despite its Q4 net dipping by 24% at Rs 24.95 crore as against Rs 32.71
crore.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 2235 and 778 respectively,
while 113 scrips remained unmoved.
The S&P BSE Sensex ended at 24363.05, up 241.31 points or 1.00%. The 30 share index touched a high and a low
of 24448.47 and 24107.99 respectively. 19 stocks advanced against 11 declining ones on the benchmark index.
The CNX Nifty gained 60.55 points or 0.84% to settle at 7263.55. The index touched high and low of 7291.10 and
7193.55 respectively. 31 stocks advanced against 19 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 8091.27 and gained 4.19% while S&P BSE Small-cap index jumped up by
5.82% to 8344.70.
The broader S&P BSE 500 index increased to 9145.53 (up 1.95%) and CNX 500 index rose to 5762.60 (up 1.88%).
The volatility as denoted by INDIA VIX lost 15.07% at 20.63 from its previous close of 24.29 on Friday.
Sectors in action
On the BSE Sectorial front, Power (up 10.15%), Capital Goods (up 8.34%) and Real Estate (up 6.91%) were the top
gainers.
Information Technology (down 4.95%), FMCG (down 4.00%) and Healthcare (down 3.66%) were the top losers.
The Angels and the Devils
Bharat Heavy Electricals Ltd (up 16.94%), Coal India Ltd (up 12.73%), NTPC Ltd (up 10.35%), Oil and Natural Gas
Corporation Ltd (up 8.17%) and Tata Power Company Ltd (up 7.95%) were the top gainers on the Sensex.
Tata Consultancy Services Ltd (down 5.69%), ITC Ltd (down 5.45%), Dr. Reddys Laboratories Ltd (down 5.22%),
Infosys Ltd (down 4.88%) and Sun Pharmaceutical Industries Ltd (down 4.83%) were the top losers on the Sensex.

2. Benchmark Drivers
ITC Ltd (-125.93 points), Larsen And Toubro Ltd (95.51 points), Infosys Ltd (-87.82 points), Tata Consultancy Services
Ltd (-83.74 points) and Reliance Industries Ltd (81.96 points) were the major Sensex drivers today.
On the other end ITC Ltd (-31.48 points), Larsen And Toubro Ltd (24.24 points), Infosys Ltd (-23.79 points), Tata
Consultancy Services Ltd (-21.87 points) and Reliance Industries Ltd (21.76 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7249 for next session. The next support is at 7208 and on upside it has a resistance at
7305 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
20-May-2014 7110 7152 7208 7249 7305 7347 7403 -
19-May-2014 6602 6866 7035 7299 7467 7732 7900 7263.55
16-May-2014 7016 7049 7086 7119 7156 7189 7226 7203.00
S&P BSE Sensex has a pivot at 24306 with first level of support and resistance at 24165 and 24505 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
20-May-2014 23824 23966 24165 24306 24505 24647 24845 -
19-May-2014 22036 22954 23538 24457 25041 25959 26543 24363.05
16-May-2014 23546 23644 23775 23873 24004 24102 24233 24121.74
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