Benchmarks settle at record closing highs; Nifty reclaims 6800

1. Benchmarks settle at record closing highs; Nifty reclaims 6800
Market Snapshot | 21-04-2014 04:22 PM
Following another long week-end, Indian indices started marginally higher and remained range-bound in green through
most part of the session. The mixed trades in Asian counterparts didn’t bother local equities as the benchmarks broke
the range towards the end and closed at their respective all-time highs. Election euphoria continued to weigh higher on
sentiments persuading Nifty to reclaim 6800. Among BSE sectorials, Capital Goods rocked the show by surging nearly
3%.
On global front, US markets strengthened amidst encouraging jobs data and healthy corporate earnings. Most of the
Asian and European markets also traded in green zone.
Back home, on currency front, Rupee traded weak against Dollar amidst the dollar demand from importers. In futures
trades, INR hit an intra-day high of 60.37/USD and an intra-day low of 60.53/USD. In spot trades, INR hit an intra-day
high of 60.3/USD and an intra-day low of 60.45/USD. As per RBI reference rates, INR stood at 60.33/USD.
On stock-specific front, Natco Pharma rallied 7.5% on BSE on clearing legal hurdles for launching generic version of
Copaxone as US Supreme Court Chief Justice Roberts denied Teva’s application.
Shasun Pharma soared 20% to make new 52 week high at Rs 105.3 on BSE after company said to have plans of
raising funds by issuing equity shares/warrants to promoters of the company on preferential basis.
Key Quarterly Results
Country’s biggest private sector company, Reliance Industries reported a marginal rise of 0.75% in Q4FY14 Net at Rs
5631 crore as against Rs 5589 in the corresponding quarter of the previous year. For the year ended FY13-14,
company’s Net grew 4.67% at Rs 21984 crore as compared to Rs 21003 crore for the same period in the previous
year. The stock ended marginally in green on BSE.
Wipro tanked 6.65% on BSE on disappointing guidance for Q1FY15. The company expected a revenue of $1.715-
1.755 billion in the first quarter of current fiscal year. The company registered 58.73% spike in Q4FY14 Net at Rs
2353.10 crore as compared to Rs 1482.40 crore for the same quarter in the previous year. On consolidated basis, the
company’s Net grew 28.8% at Rs 2226.50 crore as compared to Rs 1728.7 crore for Q4FY13.
LIC Housing Finance ended 1.37% up on BSE after reporting 17% rise in Q4FY14 Net at Rs 370 crore as compared to
Rs 316.16 crore for the same quarter in the previous year.
Credit rating agency, CRISIL hit fresh 52 week high at Rs 1277.5 on BSE after posting a growth of 11.75% in Q1FY15
Net at Rs 51 crore as compared to Rs 45.60 crore for the same quarter in the previous year. On consolidated basis,
the company’s Net climbed 38.61% at Rs 68.71 crore for the quarter as compared to Rs 49.57 crore for Q1FY14.
Liberty Shoes spiked 14.43% and marked fresh yearly high at Rs 194 on BSE on posting over four fold jump in
Q4FY14 Net at Rs 4.27 crore as compared to Rs 0.97 crore for the same quarter in the previous year.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1796 and 1071 respectively,
while 175 scrips remained unmoved.
The S&P BSE Sensex ended at 22764.83, up 135.99 points or 0.60%. The 30 share index touched a high and a low
of 22795.58 and 22636.75 respectively. 18 stocks advanced against 12 declining ones on the benchmark index.
The CNX Nifty gained 38.25 points or 0.56% to settle at 6817.65. The index touched high and low of 6825.45 and
6786.90 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 7397.41 and gained 0.79% while S&P BSE Small-cap index jumped up by
1.38% to 7627.97.
The broader S&P BSE 500 index increased to 8488.17 (up 0.67%) and CNX 500 index rose to 5347.25 (up 0.69%).
The volatility as denoted by INDIA VIX gained 11.47% at 34.39 from its previous close of 30.85 on Thursday.

2. Sectors in action
On the BSE Sectorial front, Capital Goods (up 2.91%), Metals (up 2.23%) and Banks (up 1.34%) were the top gainers.
Information Technology (down 0.68%), FMCG (down 0.39%) and Real Estate (down 0.28%) were the top losers.
The Angels and the Devils
Sesa Sterlite Ltd (up 4.78%), Larsen And Toubro Ltd (up 4.04%), Mahindra and Mahindra Ltd (up 3.54%), Bharat
Heavy Electricals Ltd (up 3.07%) and Bharti Airtel Ltd (up 3.00%) were the top gainers on the Sensex.
Wipro Ltd (down 6.65%), Hindustan Unilever Ltd (down 1.69%), Sun Pharmaceutical Industries Ltd (down 0.44%),
Housing Development Finance Corporation Ltd (down 0.35%) and Tata Power Company Ltd (down 0.30%) were the
top losers on the Sensex.
Benchmark Drivers
Larsen And Toubro Ltd (49.26 points), Wipro Ltd (-27.62 points), ICICI Bank (25.96 points), State Bank of India (20.44
points) and Mahindra and Mahindra Ltd (18.75 points) were the major Sensex drivers today.
On the other end Larsen And Toubro Ltd (13.41 points), Wipro Ltd (-7.33 points), ICICI Bank (6.63 points), State Bank
of India (5.52 points) and Mahindra and Mahindra Ltd (5.02 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6810 for next session. The next support is at 6795 and on upside it has a resistance at
6833 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
22-Apr-2014 6756 6771 6795 6810 6833 6849 6872 -
21-Apr-2014 6616 6650 6715 6749 6814 6848 6912 6817.65
17-Apr-2014 6561 6613 6644 6696 6728 6780 6811 6779.40
S&P BSE Sensex has a pivot at 22732 with first level of support and resistance at 22669 and 22828 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
22-Apr-2014 22510 22574 22669 22732 22828 22891 22987 -
21-Apr-2014 22075 22193 22411 22530 22748 22866 23084 22764.83
17-Apr-2014 21886 22067 22172 22353 22458 22639 22744 22628.84
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