1. Nifty slips below 6100 amidst renewed global concerns
Market Snapshot | 20-02-2014 04:21 PM
Sluggish global cues dragged Indian indices lower at start. Sentiments remained dampened as Rupee depreciated
against Dollar to week’s low levels. Benchmarks extended their declining spree amidst renewed concerns of global
slowdown as evinced from Chinese economic data. Sensex plummeted 186 points and Nifty slipped 1% to end below
6100. On BSE sectorial front, Bankex topped the laggards.
Among global peers, US indices plunged with Nasdaq snapping 8-day winning streak on the release of latest Fed
Meet. The minutes indicated that maximum Fed members are in favor of continuing stimulus taper despite of
disappointing winter’s economic data. Tracking the weak lead from Wall-Street and contraction in Chinese
manufacturing activity, Asian and European indices also dipped in negative terrain amid reports of social networking
giant Facebook buying Whatsapp for a whopping sum of $19 billion.
Back home, on currency front, Rupee weakened against Dollar amidst the increased dollar demand combined with
weakness of local equities. In futures trade, INR made an intra-day low of 62.48/USD and an intra-day high of
62.23/USD. In spot trade, INR made an intra-day low of 62.45/USD and an intra-day high of 62.21/USD. As per RBI
reference rate, INR stood at 62.28/USD. (Read More)
On bullion front, Gold fell below the 30K mark in futures trades to touch an intra-day low of Rs 29830/10 grams and an
intra-day high of Rs 29980/10 grams. In spot trades, the price of yellow metal stood at Rs 30499 per 10 grams.
On stock specific front, Shree Renuka Sugars soared 3.7% on BSE as according to some reports, Singapore-based
agribusiness company Wilmar International will soon finalize an agreement to buy up to 30% stake in the company.
(Read More)
DCM Shriram Consolidated rallied 14% to hit fresh 52 week high at Rs 71.75 on BSE in the otherwise negative market
after the company said its board will consider the share buyback from the existing shareholders in forthcoming board
meeting.
Rhodia Specialty ended at 10% upper circuit at Rs 797.5 on BSE after one of the promoter of the company Solvay SA
raised the delisting offer price to Rs 675 per share.
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1243 and 1521
respectively, while 159 scrips remained unmoved.
The S&P BSE Sensex ended at 20536.64, down 186.33 points or 0.90%. The 30 share index touched a high and a
low of 20662.66 and 20522.04 respectively. 6 stocks advanced against 24 declining ones on the benchmark index.
The CNX Nifty lost 61.30 points or 1.00% to settle at 6091.45. The index touched high and low of 6129.10 and
6086.45 respectively. 9 stocks advanced against 41 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved up to 6377.02 and gained 0.00% while S&P BSE Small-cap index hammered
down by 0.16% to 6361.85.
The broader S&P BSE 500 index decreased to 7513.54 (down 0.70%) and CNX 500 index declined to 4716.35 (down
0.77%).
The volatility as denoted by INDIA VIX gained 0.60% at 15.16 from its previous close of 15.07 on Wednesday.
Sectors in action
On the BSE Sectorial front, Power (up 0.24%) and Capital Goods (up 0.12%) were the top gainers.
Banks (down 1.63%), Metals (down 1.01%) and FMCG (down 0.91%) were the top losers.
The Angels and the Devils
Dr. Reddys Laboratories Ltd (up 1.82%), Bajaj Auto Ltd (up 1.15%), Tata Power Company Ltd (up 0.90%), Bharat
Heavy Electricals Ltd (up 0.27%) and Larsen And Toubro Ltd (up 0.21%) were the top gainers on the Sensex.

2. ICICI Bank (down 2.15%), Bharti Airtel Ltd (down 1.98%), State Bank of India (down 1.80%), Tata Steel Ltd (down
1.80%) and Housing Development Finance Corporation Ltd (down 1.63%) were the top losers on the Sensex.
Benchmark Drivers
ITC Ltd (-30.93 points), ICICI Bank (-29.73 points), Infosys Ltd (-22.79 points), Housing Development Finance
Corporation Ltd (-22.51 points) and Reliance Industries Ltd (-14.84 points) were the major Sensex drivers today.
On the other end ITC Ltd (-7.73 points), ICICI Bank (-7.72 points), Housing Development Finance Corporation Ltd (6.08 points), Infosys Ltd (-5.97 points) and HDFC Bank (-4.06 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6102 for next session. The next support is at 6076 and on upside it has a resistance at
6118 levels.
CNX Nifty
Eff. Date
21-Feb-2014
20-Feb-2014
19-Feb-2014
S3
6033
6098
6007
S2
6060
6112
6037
S1
6076
6132
6082
PIVOT
6102
6146
6112
R1
6118
6167
6157
R2
6145
6181
6187
R3
6161
6201
6232
Actual Close
6091.45
6152.75
S&P BSE Sensex has a pivot at 20574 with first level of support and resistance at 20485 and 20626 respectively.
S&P BSE Sensex
Eff. Date
21-Feb-2014
20-Feb-2014
19-Feb-2014
S3
20344
20531
20237
Follow us on
S2
20433
20580
20337
S1
20485
20652
20485
PIVOT
20574
20701
20585
R1
20626
20772
20734
R2
20714
20822
20834
R3
20766
20893
20983
Actual Close
20536.64
20722.97
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