Sensex reclaims 26K on the back of foreign inflows

1. Sensex reclaims 26K on the back of foreign inflows
Market Snapshot | 22-07-2014 04:20 PM
Following a marginally higher start, bulls rode on the better than expected corporate earnings and jacked up the stock
prices. Supportive Asian cues and continued foreign capital inflows bolstered benchmarks to zoom over 1% ignoring
geopolitical concerns. Sensex settled at 26026 and Nifty at 7768. On BSE sectorial front, Teck topped the charts
whereas Capital Goods was the top loser.
Among global peers, US markets lowered amid escalating war in Gaza and possible tougher sanctions against
Russia. On the flip side, Asian and European markets were trading in green zone.
Back home, on currency front, Rupee stretched the bull run against Dollar on the back of joyous local equities. In
futures trades, INR hit an intra-day high of 60.24/USD and an intra-day low of 60.41/USD. In spot trades, INR hit an
intra-day high of 60.18/USD and an intra-day low of 60.28/USD. As per RBI reference rates, INR stood at 60.24/USD.
On stock specific front, country’s telecom regulator TRAI (Telecom Regulatory Authority of India) nodded for sharing
spectrum among telecom service providers across all six frequency bands, namely 800, 900, 1800, 2100, 2300 and
2500 MHz. The move eyes to enhance the efficiency of coveted airwaves and boost the quality of service offered to
customers. Shares of telecom companies Bharti Airtel, Idea Cellular and Reliance Communications soared up to 4.8%
on BSE.
Indoco Remedies rolled 18% up to mark fresh 52 week high at Rs 197.45 on BSE after USFDA approved company’s
sterile manufacturing facility (Plant II) and solid dosage manufacturing facility (Plant III) located in Verna, Goa.
Real estate majors, DB Realty and Godrej Properties spurted 5% and 4.14% on BSE on joining hands to form a joint
venture for a Mumbai-based project.
Key Quarterly Results
Telecom bellwether, Idea Cellular spiked 4.8% on BSE after its Q1FY15 Net zoomed 58.9% at Rs 642.54 crore as
compared to Rs 404.38 crore for the same quarter of previous fiscal. On consolidated basis, group’s Net climbed
57.37% at Rs 728.20 crore for the quarter as compared to Rs 462.71 crore for Q1FY14.
Asian Paints gained 1.5% and made fresh 52 week high at Rs 610.6 on BSE after its Q1FY15 consolidated Net surged
23% at Rs 338.70 crore as compared to Rs 275.20 crore for the same quarter in the previous year. On standalone
basis, company’s Net rose 8.78% at Rs 308.84 crore for the quarter as compared to Rs 283.92 crore ended June 30,
2013.
Exide Industries climbed 4.6% to hit new 52 week high at Rs 170 on BSE after recording 16.68% growth in Q1 Net at
Rs 185.30 crore as compared to Rs 158.80 crore for the quarter ended June 30, 2013.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1561 and 1555 respectively,
while 130 scrips remained unmoved.
The S&P BSE Sensex ended at 26025.80, up 310.63 points or 1.21%. The 30 share index touched a high and a low
of 26050.38 and 25780.39 respectively. 25 stocks advanced against 5 declining ones on the benchmark index.
The CNX Nifty gained 83.65 points or 1.09% to settle at 7767.85. The index touched high and low of 7773.85 and
7704.80 respectively. 34 stocks advanced against 16 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 9311.09 and gained 0.11% while S&P BSE Small-cap index hammered
down by 0.01% to 10268.76.
The broader S&P BSE 500 index increased to 9916.87 (up 0.82%) and CNX 500 index rose to 6251.35 (up 0.82%).
The volatility as denoted by INDIA VIX lost 1.74% at 14.64 from its previous close of 14.90 on Monday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 1.78%), Oil & Gas (up 1.74%) and Consumer Durables (up
1.16%) were the top gainers.

2. Capital Goods (down 0.69%) and Power (down 0.33%) were the top losers.
The Angels and the Devils
Bharti Airtel Ltd (up 4.81%), Reliance Industries Ltd (up 3.35%), Housing Development Finance Corporation Ltd (up
2.93%), Tata Consultancy Services Ltd (up 2.71%) and Hindalco Industries Ltd (up 2.62%) were the top gainers on the
Sensex.
Maruti Suzuki India Ltd (down 1.00%), Larsen And Toubro Ltd (down 0.92%), Mahindra and Mahindra Ltd (down
0.51%), Bharat Heavy Electricals Ltd (down 0.32%) and Axis Bank (down 0.27%) were the top losers on the Sensex.
Benchmark Drivers
Reliance Industries Ltd (68.39 points), Housing Development Finance Corporation Ltd (50.76 points), Tata
Consultancy Services Ltd (45.11 points), HDFC Bank (26.25 points) and Bharti Airtel Ltd (26.07 points) were the major
Sensex drivers today.
On the other end Reliance Industries Ltd (17.17 points), Housing Development Finance Corporation Ltd (13.27 points),
Tata Consultancy Services Ltd (11.70 points), HDFC Bank (6.93 points) and Bharti Airtel Ltd (6.88 points) were the
major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7749 for next session. The next support is at 7724 and on upside it has a resistance at
7793 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
23-Jul-2014 7655 7680 7724 7749 7793 7818 7862 -
22-Jul-2014 7617 7645 7665 7693 7713 7742 7761 7767.85
21-Jul-2014 7522 7559 7611 7648 7701 7738 7790 7684.20
S&P BSE Sensex has a pivot at 25952 with first level of support and resistance at 25854 and 26124 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
23-Jul-2014 25584 25682 25854 25952 26124 26222 26394 -
22-Jul-2014 25438 25558 25622 25741 25805 25925 25988 26025.80
21-Jul-2014 25212 25327 25484 25599 25756 25871 26028 25715.17
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