Markets end in red ahead of F&O expiry; Nifty @7569

1. Markets end in red ahead of F&O expiry; Nifty @7569
Market Snapshot | 25-06-2014 04:20 PM
After yesterday’s jubilation on Jhunjhunwala’s optimism, Indian indices plunged in red post a cautious start. Investor
sentiments were triggered by pessimistic trades in global peers amidst dogged turbulence in Iraq. Benchmarks
stretched the southward journey to settle near the intraday lows on penultimate day of June F&O expiry. Among BSE
sectorials, Oil & Gas was the top laggard.
On global front, US markets slipped on growing turmoil in Iraq shrugging off the optimism on macro-economic front.
Asian and European indices also traded in negative territory on weak handover from Wall-Street.
Back home, on currency front, Rupee weakened against Dollar tracing the weakness in domestic and global
markets. In futures trades, INR hit an intra-day high of 60.20/USD and an intra-day low of 60.44/USD. In spot trades,
INR hit an intra-day high of 60.14/USD and an intra-day low of 60.38/USD. As per RBI reference rates, INR stood at
60.27/USD.
On commodities front, the yellow metal strengthened amidst weakness in US equities. In futures trades of August
expiry, Gold marked intra-day high at Rs 27700 per 10 grams and an intra-day low at Rs 27590 per 10 grams.
On stock-specific front, Phoenix Mills rallied 6.4% and marked fresh 52 week high at Rs 331.75 on BSE despite
Nordea 1 Sicav Emerging Consumer Fund offloaded 15 lakh shares via open market route on an average price of Rs
303.30 valuing the transaction to Rs 45.49 crore.
Engineers India soared 6.9% on BSE after Ministry of Heavy Industries and Public Enterprises, Department of Public
Enterprises (DPE) granted Navratna status to the company.
Parsvnath Developers spiked 5% on BSE as the company is planning to raise more than Rs 1000 crore over the next
18 months by the sale or joint development of its land assets in southern and western India.
Godrej Properties surged 2.6% on BSE on entering into an agreement with Shubh Properties Cooperatief U.A, and
others for transferring 74.9% of the equity share capital held by the company in WCBPL for its project at Sector 79,
Gurgaon.
Strides Arcolab climbed 3% on BSE after receiving United States Food & Drug Administration (USFDA) approval for its
skin drug Imiquimod Crème.
Shree Renuka Sugars plunged 2.7% on BSE on denying news of increasing stake or buying out majority shareholding
in Renuka do Brasil S/A.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1762 and 1403 respectively,
while 129 scrips remained unmoved.
The S&P BSE Sensex ended at 25313.74, down 55.16 points or 0.22%. The 30 share index touched a high and a
low of 25427.80 and 25274.39 respectively. 16 stocks advanced against 14 declining ones on the benchmark index.
The CNX Nifty lost 10.95 points or 0.14% to settle at 7569.25. The index touched high and low of 7589.25 and
7557.05 respectively. 25 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 9208.66 and gained 0.52% while S&P BSE Small-cap index jumped up by
0.35% to 10012.79.
The broader S&P BSE 500 index increased to 9702.95 (up 0.01%) and CNX 500 index rose to 6115.15 (up 0.02%).
The volatility as denoted by INDIA VIX lost 4.59% at 18.31 from its previous close of 19.19 on Tuesday.
Sectors in action
On the BSE Sectorial front, Consumer Durables (up 0.87%), Real Estate (up 0.87%) and Healthcare (up 0.84%) were
the top gainers.
Oil & Gas (down 0.79%), Capital Goods (down 0.70%) and Banks (down 0.43%) were the top losers.

2. The Angels and the Devils
Bajaj Auto Ltd (up 2.63%), Maruti Suzuki India Ltd (up 2.56%), GAIL (India) Ltd (up 1.69%), Coal India Ltd (up 1.56%)
and State Bank of India (up 1.21%) were the top gainers on the Sensex.
Oil and Natural Gas Corporation Ltd (down 1.42%), ITC Ltd (down 1.36%), Bharti Airtel Ltd (down 1.35%), ICICI Bank
(down 1.30%) and Larsen And Toubro Ltd (down 1.19%) were the top losers on the Sensex.
Benchmark Drivers
ITC Ltd (-28.09 points), ICICI Bank (-25.12 points), Larsen And Toubro Ltd (-19.16 points), Reliance Industries Ltd (-
18.25 points) and State Bank of India (12.57 points) were the major Sensex drivers today.
On the other end ITC Ltd (-7.43 points), ICICI Bank (-6.51 points), Larsen And Toubro Ltd (-5.11 points), Reliance
Industries Ltd (-4.72 points) and Oil and Natural Gas Corporation Ltd (-3.13 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7572 for next session. The next support is at 7554 and on upside it has a resistance at
7587 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
26-Jun-2014 7522 7540 7554 7572 7587 7604 7619 -
25-Jun-2014 7454 7485 7532 7563 7611 7641 7689 7569.25
24-Jun-2014 7352 7397 7445 7490 7538 7583 7631 7580.20
S&P BSE Sensex has a pivot at 25339 with first level of support and resistance at 25249 and 25403 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
26-Jun-2014 25096 25185 25249 25339 25403 25492 25556 -
25-Jun-2014 24886 25001 25185 25300 25484 25599 25783 25313.74
24-Jun-2014 24555 24717 24874 25036 25193 25355 25512 25368.90
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