Indian indices traded weak at start tracking sluggish global cues. Markets drew some respite and recovered some of its lost ground on rally in frontline stocks. Benchmarks edged higher ignoring the all the pessimistic triggers to close near day’s high levels. Sensex jumped 140 points and Nifty ended above 6300 mark. Among BSE sectorials, IT index topped the charts.

1. Sensex jumps 140 points buoyed by fresh buying triggers
Market Snapshot | 20-01-2014 04:20 PM
Indian indices traded weak at start tracking sluggish global cues. Markets drew some respite and recovered some of its
lost ground on rally in frontline stocks. Benchmarks edged higher ignoring the all the pessimistic triggers to close near
day’s high levels. Sensex jumped 140 points and Nifty ended above 6300 mark. Among BSE sectorials, IT index
topped the charts.
On global front, US indices slipped amidst some weak corporate earnings and economic data. Adding to the losses,
Asian and European indices too edged lower as Chinese gross domestic product (GDP) expanded at its slowest rate in
14 years.
Back home, on currency front, Rupee made a weak start against foreign currencies but trimmed some losses amidst
gain in local equities.
On macro-economic front, giving slight relief to the common man over the rising prices of LPG, Oil Minister M
Veerappa Moily announced the hike in subsidized cooking cylinders quota to 12 from 9 per household. Congress Vice
President, Rahul Gandhi demanded for the hike in subsidized cylinders quota to Prime Minister Manmohan Singh in
AICC session. This will increase the fuel subsidy burden by Rs 3300 crore-5800 crore to the government. For further
considerations, Oil Ministry will soon move the proposal to Cabinet Committee on Economic Affairs (CCEA). (Read
More)
On stock specific front, Reliance Media Works rallied 19% on BSE on plans of delisting. The board meeting for the
same is scheduled today. (Read More)
Key Quarterly Results
Reliance Industries ended 1.7% down on BSE on reporting slim rise of 0.16% in Q3FY14 at Rs 5511 crore as
compared to Rs 5502 crore for the same quarter in the previous year. (Read More)
IT major, Wipro soared 3.77% and hit fresh yearly high at Rs 577.75 on BSE after reporting 38.09% jump in Q3FY14
Net at Rs 2047.9 crore as against Rs 1392.20 crore in the corresponding quarter previous year. On consolidated
basis, the group’s Net rose to Rs 2014.7 crore for the quarter as compared to Rs 1716.40 crore in Q3FY13. (Featured
Result)
Ultratech Cement registered 38.46% steep fall in Q3 Net at Rs 369.76 crore as compared to Rs 600.81 crore for the
same quarter in the previous year. The stock ended flat on BSE. (Read More)
Force Motors tanked 6.35% on BSE as the company posted a Net loss of Rs 8.37 crore in Q3FY14 as compared to
Net profit of Rs 8.13 crore for the same quarter in the previous year. (Read More)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1465 and 1266 respectively,
while 161 scrips remained unmoved.
The S&P BSE Sensex ended at 21205.05, up 141.43 points or 0.67%. The 30 share index touched a high and a low
of 21221.37 and 21001.13 respectively. 16 stocks advanced against 14 declining ones on the benchmark index.
The CNX Nifty gained 42.30 points or 0.68% to settle at 6303.95. The index touched high and low of 6307.45 and
6243.35 respectively. 32 stocks advanced against 18 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved up to 6552.89 and gained 1.02% while S&P BSE Small-cap index jumped up by
0.79% to 6527.77.
The broader S&P BSE 500 index increased to 7770.00 (up 0.75%) and CNX 500 index rose to 4878.25 (up 0.76%).
The volatility as denoted by INDIA VIX lost 0.39% at 15.35 from its previous close of 15.41 on Friday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 2.83%), FMCG (up 1.08%) and Banks (up 0.75%) were the
top gainers.

2. Oil & Gas (down 0.96%) was the top loser.
The Angels and the Devils
Tata Consultancy Services Ltd (up 5.53%), Wipro Ltd (up 3.77%), Sesa Sterlite Ltd (up 2.49%), ITC Ltd (up 1.65%)
and Tata Motors Ltd (up 1.34%) were the top gainers on the Sensex.
Reliance Industries Ltd (down 1.70%), Coal India Ltd (down 1.12%), Tata Power Company Ltd (down 1.02%), Sun
Pharmaceutical Industries Ltd (down 0.81%) and Bharti Airtel Ltd (down 0.79%) were the top losers on the Sensex.
Benchmark Drivers
Tata Consultancy Services Ltd (83.57 points), ITC Ltd (34.47 points), Reliance Industries Ltd (-31.03 points), Wipro
Ltd (14.91 points) and Infosys Ltd (12.37 points) were the major Sensex drivers today.
On the other end Tata Consultancy Services Ltd (21.33 points), ITC Ltd (8.62 points), Reliance Industries Ltd (-7.73
points), HCL Technologies Ltd (4.13 points) and Wipro Ltd (3.64 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6285 for next session. The next support is at 6262 and on upside it has a resistance at
6326 levels.
CNX Nifty
Eff. Date
21-Jan-2014
20-Jan-2014
17-Jan-2014
S3
6198
6149
6250
S2
6221
6198
6275
S1
6262
6230
6297
PIVOT
6285
6278
6322
R1
6326
6310
6344
R2
6349
6359
6368
R3
6391
6391
6390
Actual Close
6303.95
6261.65
S&P BSE Sensex has a pivot at 21143 with first level of support and resistance at 21064 and 21284 respectively.
S&P BSE Sensex
Eff. Date
21-Jan-2014
20-Jan-2014
17-Jan-2014
S3
20843
20708
21004
Follow us on
S2
20922
20862
21102
S1
21064
20963
21183
PIVOT
21143
21116
21281
R1
21284
21217
21363
R2
21363
21371
21461
R3
21504
21472
21543
Actual Close
21205.05
21063.62
This content is generated at www.finalaya.com and is governed by the Terms of Use.