1. Rate sensitives lead Sensex to close 46 points higher
Market Snapshot | 21-01-2014 04:20 PM
Indian equity indices traded in green with modest gains through most of the session on buoyant cues from Asian
markets. All Asian indices except Taiwan closed in green as Chinese Central Bank has injected liquidity support to
meet the cash demand in the wake of Chinese New Year. Sensex edged 46 points higher whereas Nifty gained 10
points to close above 6300 levels. Rate sensitive counters topped the charts on sectorial front on hopes that RBI will
maintain the status quo on interest rates.
On stock specific front, Life Insurance Corporation (LIC) has offloaded it 2% stake in Bharat Forge at Rs 323.17 per
share aggregating Rs 150.53 crore. Shares of Bharat Forge gained 0.32% on BSE at Rs 346.10 per share. (Read
more)
Sasken Communication Technologies has declared a special dividend of Rs 22.50 per share in addition to a special
dividend of Rs 2.50 rupees per share declared in October 2013. The stock rallied 6% on BSE.
Hindustan Zinc hit a new 52 week high of Rs 141.2 before closing at 135.2 (up 2%) as the CCEA has given its nod for
the residual stake sell of the company's shares. (Read more)
The retail counters Provogue India (3.91% up), Future Retail (2.67% up) and Shoppers Stop (0.67%) closed in green
as Commerce Minister Anand Sharma hinted for an appropriate course on Delhi's AAP govt decision of no FDI in multi
brand retail.
Key Quarterly Result
Asian Paints Dec Quarter Net dipped 1.46% at Rs 307.47 crore on Net Sales of Rs 2843.01 crore. The stock lost
2.16% on BSE over its previous close. (Featured Result)
Credit Analysis and Research Ltd (CARE) lost 0.73% on BSE at Rs 718 per share on posting a marginal 0.7% rise in
its Dec Quarter Net Profit. The Net Profit stood at Rs 28.02 crore as against Rs 27.82 crore in corresponding quarter a
year earlier. (Result)
Kotak Mahindra Bank shares lost 3% on BSE on posting 6% dip in its Q3 net at Rs 340 crore. The bank registered a
marginal 4.7% rise in its Net Sales at Rs 2192.3 crore. (Result)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1432 and 1276 respectively,
while 185 scrips remained unmoved.
The S&P BSE Sensex ended at 21251.12, up 46.07 points or 0.22%. The 30 share index touched a high and a low of
21302.52 and 21189.20 respectively. 15 stocks advanced against 15 declining ones on the benchmark index.
The CNX Nifty gained 9.85 points or 0.16% to settle at 6313.80. The index touched high and low of 6330.30 and
6297.90 respectively. 26 stocks advanced against 24 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved up to 6582.56 and gained 0.45% while S&P BSE Small-cap index jumped up by
0.39% to 6553.01.
The broader S&P BSE 500 index increased to 7784.28 (up 0.18%) and CNX 500 index rose to 4886.70 (up 0.17%).
The volatility as denoted by INDIA VIX gained 1.30% at 15.55 from its previous close of 15.35 on Monday.
Sectors in action
On the BSE Sectorial front, Banks (up 1.55%), Automobile (up 1.03%) and Metals (up 0.77%) were the top gainers.
Information Technology (down 0.68%), Power (down 0.59%) and Oil & Gas (down 0.53%) were the top losers.
The Angels and the Devils
ICICI Bank (up 3.32%), Tata Motors Ltd (up 2.68%), Tata Steel Ltd (up 2.39%), Axis Bank (up 2.37%) and Sesa
Sterlite Ltd (up 1.56%) were the top gainers on the Sensex.

2. Tata Consultancy Services Ltd (down 2.46%), Coal India Ltd (down 2.45%), Bharat Heavy Electricals Ltd (down
1.90%), GAIL (India) Ltd (down 1.59%) and Sun Pharmaceutical Industries Ltd (down 1.43%) were the top losers on
the Sensex.
Benchmark Drivers
ICICI Bank (46.47 points), Tata Consultancy Services Ltd (-39.26 points), Tata Motors Ltd (20.74 points), HDFC Bank
(15.33 points) and Reliance Industries Ltd (-11.24 points) were the major Sensex drivers today.
On the other end ICICI Bank (11.40 points), Tata Consultancy Services Ltd (-9.87 points), Tata Motors Ltd (5.11
points), Reliance Industries Ltd (-3.45 points) and HDFC Bank (3.36 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6314 for next session. The next support is at 6298 and on upside it has a resistance at
6330 levels.
CNX Nifty
Eff. Date
22-Jan-2014
21-Jan-2014
20-Jan-2014
S3
6265
6198
6149
S2
6282
6221
6198
S1
6298
6262
6230
PIVOT
6314
6285
6278
R1
6330
6326
6310
R2
6346
6349
6359
R3
6362
6391
6391
Actual Close
6313.80
6303.95
S&P BSE Sensex has a pivot at 21248 with first level of support and resistance at 21193 and 21306 respectively.
S&P BSE Sensex
Eff. Date
22-Jan-2014
21-Jan-2014
20-Jan-2014
S3
21079
20843
20708
Follow us on
S2
21134
20922
20862
S1
21193
21064
20963
PIVOT
21248
21143
21116
R1
21306
21284
21217
R2
21361
21363
21371
R3
21419
21504
21472
Actual Close
21251.12
21205.05
This content is generated at www.finalaya.com and is governed by the Terms of Use.