Nifty ends above 6300 on firm global cues

1. Nifty ends above 6300 on firm global cues
Market Snapshot | 27-12-2013 04:20 PM
On the first day of January 2014 F&O expiry, Indian Indices started marginally up straddling optimistic trades in global
markets. Markets edged higher amidst fresh buying and positive sentiments of the investors. Barometer gauges settled
near day’s high with Nifty above 6300 milestone. On BSE sectorial front, IT index topped the charts.
Among global peers, US markets jumped after government data showed a decline in weekly jobless claims. Asian and
European indices too edged higher on positive cues from global peers.
Back home, Dena Bank rallied 2.7% on BSE on receiving capital infusion of Rs 700 crore from the Government of India
(GOI). The bank allotted equity shares on preferential basis to GOI raising latter's holding to 66.57% from 55.24%.
(Read More)
Indraprastha Gas Ltd ended marginally in green on hiking prices of Compressed Natural Gas (CNG) and Piped Natural
Gas (PNG) in Delhi, Noida, Greater Noida and Ghaziabad by almost 10% effective from December 26, 2013. (Read
More)
Multi Commodity Exchange (MCX) tanked 4.37% on BSE after FMC ordered Financial Technologies to offload 2%
stake in the company within a period of 1 month. (Read More)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1434 and 1208 respectively,
while 160 scrips remained unmoved.
The S&P BSE Sensex ended at 21193.58, up 118.99 points or 0.56%. The 30 share index touched a high and a low
of 21235.14 and 21113.25 respectively. 18 stocks advanced against 12 declining ones on the benchmark index.
The CNX Nifty gained 34.90 points or 0.56% to settle at 6313.80. The index touched high and low of 6324.90 and
6289.40 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 6663.76 and gained 0.26% while S&P BSE Small-cap index jumped up by
0.13% to 6516.08.
The broader S&P BSE 500 index increased to 7826.15 (up 0.50%) and CNX 500 index rose to 4914.70 (up 0.55%).
The volatility as denoted by INDIA VIX lost 1.48% at 14.66 from its previous close of 14.88 on Thursday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 1.71%), Healthcare (up 0.68%) and FMCG (up 0.58%) were
the top gainers.
Oil & Gas (down 0.42%) and Automobile (down 0.09%) were the top losers.
The Angels and the Devils
Tata Consultancy Services Ltd (up 2.83%), Cipla Ltd (up 1.44%), Wipro Ltd (up 1.42%), Infosys Ltd (up 1.33%) and
Housing Development Finance Corporation Ltd (up 1.21%) were the top gainers on the Sensex.
Reliance Industries Ltd (down 1.01%), Maruti Suzuki India Ltd (down 0.90%), Bharat Heavy Electricals Ltd (down
0.83%), Bajaj Auto Ltd (down 0.77%) and Hero MotoCorp Ltd (down 0.51%) were the top losers on the Sensex.
Benchmark Drivers
Tata Consultancy Services Ltd (40.53 points), Infosys Ltd (26.44 points), Reliance Industries Ltd (-18.55 points),
Housing Development Finance Corporation Ltd (16.23 points) and ITC Ltd (13.83 points) were the major Sensex
drivers today.
On the other end Tata Consultancy Services Ltd (10.28 points), Infosys Ltd (5.75 points), Reliance Industries Ltd (4.48 points), Housing Development Finance Corporation Ltd (3.91 points) and ICICI Bank (3.55 points) were the major
Nifty movers today.

2. Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6309 for next session. The next support is at 6294 and on upside it has a resistance at
6329 levels.
CNX Nifty
Eff. Date
30-Dec-2013
27-Dec-2013
26-Dec-2013
S3
6258
6215
6214
S2
6274
6237
6238
S1
6294
6258
6253
PIVOT
6309
6280
6277
R1
6329
6301
6293
R2
6345
6324
6317
R3
6365
6345
6332
Actual Close
6313.80
6278.90
S&P BSE Sensex has a pivot at 21181 with first level of support and resistance at 21126 and 21248 respectively.
S&P BSE Sensex
Eff. Date
30-Dec-2013
27-Dec-2013
26-Dec-2013
S3
21004
20890
20830
Follow us on
S2
21059
20952
20920
S1
21126
21013
20977
PIVOT
21181
21075
21067
R1
21248
21136
21123
R2
21303
21197
21213
R3
21370
21259
21269
Actual Close
21193.58
21074.59
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