Markets take a breather; Nifty @7875

1. Markets take a breather; Nifty @7875
Market Snapshot | 20-08-2014 04:33 PM
After hitting record highs for two consecutive sessions, Indian indices slipped in red territory in early deals post a
positive start. Markets continued to trade below water amidst profit booking activities majorly in Oil and Gas stocks.
Both frontline gauges fell to intraday low at the close with Sensex shedding over a ton to close at 26314 and Nifty
plunging below 7900 mark.
Among global peers, US markets edged higher on better-than-expected jump in July housing digits and upbeat
earnings reports. Asian markets too were trading in green zone whereas European indices were exhibiting weak
trades.
On stock-specific front, Eros International Media zoomed 8.75% to flag fresh 52 week high at Rs 249.8 on BSE after
the on-demand entertainment portal ErosNow acquired the worldwide rights of popular Zee TV shows.
Just Dial climbed 2.33% on BSE after the company’s board nodded for acquisition of Just Dial Inc. from Just Dial
Global.
Karur Vysya Bank (KVB) gained 0.70% on BSE on launching a share sale to raise up to Rs 1000 crore from
institutional investors at a floor price of Rs 461.70 per share.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1792 and 1335 respectively,
while 121 scrips remained unmoved.
The S&P BSE Sensex ended at 26314.29, down 106.38 points or 0.40%. The 30 share index touched a high and a
low of 26504.52 and 26277.61 respectively. 11 stocks advanced against 19 declining ones on the benchmark index.
T he CNX Nifty lost 22.20 points or 0.28% to settle at 7875.30. The index touched high and low of 7922.70 and
7864.05 respectively. 20 stocks advanced against 30 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 9276.34 and gained 0.06% while S&P BSE Small-cap index jumped up by
0.93% to 10263.51.
The broader S&P BSE 500 index decreased to 10033.91 (down 0.08%) and CNX 500 index declined to 6321.65 (down
0.11%).
The volatility as denoted by INDIA VIX lost 1.80% at 13.66 from its previous close of 13.91 on Tuesday.
Sectors in action
On the BSE Sectorial front, Healthcare (up 2.93%), Power (up 0.73%) and Real Estate (up 0.52%) were the top
gainers.
Oil & Gas (down 1.32%), FMCG (down 0.70%) and Automobile (down 0.56%) were the top losers.
The Angels and the Devils
Sun Pharmaceutical Industries Ltd (up 4.64%), Cipla Ltd (up 3.79%), Dr. Reddys Laboratories Ltd (up 2.25%), Tata
Power Company Ltd (up 1.73%) and Bharat Heavy Electricals Ltd (up 1.47%) were the top gainers on the Sensex.
Oil and Natural Gas Corporation Ltd (down 2.62%), Tata Motors Ltd (down 1.37%), Mahindra and Mahindra Ltd (down
1.21%), Housing Development Finance Corporation Ltd (down 1.19%) and ITC Ltd (down 1.12%) were the top losers
on the Sensex.
Benchmark Drivers
Sun Pharmaceutical Industries Ltd (35.82 points), ITC Ltd (-24.97 points), Oil and Natural Gas Corporation Ltd (-22.43
points), Housing Development Finance Corporation Ltd (-22.08 points) and Reliance Industries Ltd (-21.47 points)
were the major Sensex drivers today.
On the other end Sun Pharmaceutical Industries Ltd (8.94 points), ITC Ltd (-5.89 points), Reliance Industries Ltd (-5.65

2. On the other end Sun Pharmaceutical Industries Ltd (8.94 points), ITC Ltd (-5.89 points), Reliance Industries Ltd (-5.65
points), Oil and Natural Gas Corporation Ltd (-5.56 points) and Housing Development Finance Corporation Ltd (-5.46
points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7887 for next session. The next support is at 7852 and on upside it has a resistance at
7911 levels.
CCNNXX NNiiffttyy
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
21-Aug-2014 7793 7829 7852 7887 7911 7946 7969 -
20-Aug-2014 7842 7862 7880 7899 7917 7936 7954 7875.30
19-Aug-2014 7708 7743 7809 7845 7910 7946 8011 7897.50
S&P BSE Sensex has a pivot at 26365 with first level of support and resistance at 26226 and 26453 respectively.
SS&&PP BBSSEE SSeennsseexx
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
21-Aug-2014 26000 26139 26226 26365 26453 26592 26680 -
20-Aug-2014 26219 26304 26362 26446 26505 26589 26648 26314.29
19-Aug-2014 25835 25955 26173 26293 26511 26631 26849 26420.67
Follow us on This content is generated at www.finalaya.com and is governed by the Terms of Use.