On the July F&O expiry day, Indian markets made a weak start backed by negative global cues. Benchmarks crawled around the previous close for most of the day. However, in noon trades, markets slipped into negative terrain and settled at the intra-day low levels. Sensex lost 192 points to end below 26K milestone and Nifty slumped 0.9% to close at 7721. On BSE sectorial front, Power topped the laggards.

1. Sensex slips 192 points on F&O expiry day
Market Snapshot | 31-07-2014 04:20 PM
On the July F&O expiry day, Indian markets made a weak start backed by negative global cues. Benchmarks crawled
around the previous close for most of the day. However, in noon trades, markets slipped into negative terrain and
settled at the intra-day low levels. Sensex lost 192 points to end below 26K milestone and Nifty slumped 0.9% to close
at 7721. On BSE sectorial front, Power topped the laggards.
Among global peers, US markets ended mixed after Fed hinted to start raising interest rates sooner than anticipated.
Asian and European markets were trading in red zone.
Back home, on stock specific movements, Talwalkar’s Better Value Fitness zoomed 6.8% to mark fresh 52 week
high at Rs 241.7 on BSE after some reports suggested that British health and fitness group David Lloyd may buy
around 20% stake in the company for a sum of Rs 100 crore.
Key Quarterly Results
Automobile bellwether, Maruti Suzuki India ended 1.11% down despite recording a decent rise of 20.7% in June
quarter of FY15 Net profit at Rs 762.28 crore as compared to Rs 631.60 crore for the quarter ended June FY14.
ICICI Bank’s June quarter Net jumped 16.75% in FY15 at Rs 2655.30 crore as compared to Rs 2274.21 crore for the
same quarter in previous year. On consolidated basis, group’s Net rose 3.08% to Rs 2832.01 crore for the quarter as
compared to Rs 2747.39 crore for Q1FY14.
IT major, HCL Technologies plunged 2.6% on BSE despite a steep growth of 61.54% in June quarter at Rs 4001.3
crore as compared to Rs 1983.2 crore in the corresponding period of previous fiscal.
Syndicate Bank’s June quarter Net grew 7.33% in FY15 at Rs 485.42 crore as compared to Rs 452.28 crore for the
quarter ended June FY14. Gross NPAfor the quarter stood at 2.97% as compared to 2.38% in the same quarter of the
previous year. The stock ended 0.35% up on BSE.
IRB Infrastructure Developers mounted 7.8% on BSE after its Q1FY15 consolidated Net rose 11.77% to Rs 150.40
crore as compared to Rs 134.56 crore for the same quarter in the previous year.
T he market breadth on the BSE closed in negative. Advancing and declining stocks were 1510 and 1562
respectively, while 133 scrips remained unmoved.
The S&P BSE Sensex ended at 25894.97, down 192.45 points or 0.74%. The 30 share index touched a high and a
low of 26118.88 and 25853.69 respectively. 6 stocks advanced against 24 declining ones on the benchmark index.
The CNX Nifty lost 70.10 points or 0.90% to settle at 7721.30. The index touched high and low of 7791.85 and
7711.15 respectively. 8 stocks advanced against 42 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 9188.19 and gained 0.18% while S&P BSE Small-cap index jumped up by
0.25% to 9989.42.
The broader S&P BSE 500 index decreased to 9831.51 (down 0.54%) and CNX 500 index declined to 6194.45 (down
0.61%).
The volatility as denoted by INDIA VIX lost 0.50% at 13.82 from its previous close of 13.89 on Wednesday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 0.24%), Healthcare (up 0.17%) and Metals (up 0.05%) were the top
gainers.
Power (down 1.35%), Banks (down 1.18%) and Consumer Durables (down 0.98%) were the top losers.
The Angels and the Devils
Cipla Ltd (up 1.92%), Tata Steel Ltd (up 1.56%), Coal India Ltd (up 0.49%), GAIL (India) Ltd (up 0.17%) and Reliance

2. Cipla Ltd (up 1.92%), Tata Steel Ltd (up 1.56%), Coal India Ltd (up 0.49%), GAIL (India) Ltd (up 0.17%) and Reliance
Industries Ltd (up 0.05%) were the top gainers on the Sensex.
NTPC Ltd (down 3.01%), Axis Bank (down 2.52%), Mahindra and Mahindra Ltd (down 1.73%), Tata Power Company
Ltd (down 1.66%) and Housing Development Finance Corporation Ltd (down 1.60%) were the top losers on the
Sensex.
Benchmark Drivers
Housing Development Finance Corporation Ltd (-29.70 points), ICICI Bank (-22.00 points), Larsen And Toubro Ltd (-
19.49 points), Axis Bank (-19.26 points) and ITC Ltd (-16.01 points) were the major Sensex drivers today.
On the other end Housing Development Finance Corporation Ltd (-8.27 points), ICICI Bank (-5.77 points), ITC Ltd (-
5.17 points), Larsen And Toubro Ltd (-5.13 points) and Axis Bank (-4.46 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7741 for next session. The next support is at 7691 and on upside it has a resistance at
7772 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
01-Aug-2014 7610 7661 7691 7741 7772 7822 7852 -
31-Jul-2014 7642 7675 7733 7766 7824 7857 7915 7721.30
30-Jul-2014 7637 7680 7714 7757 7792 7834 7869 7791.40
S&P BSE Sensex has a pivot at 25956 with first level of support and resistance at 25793 and 26058 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
01-Aug-2014 25528 25691 25793 25956 26058 26221 26323 -
31-Jul-2014 25657 25754 25920 26017 26184 26280 26447 25894.97
30-Jul-2014 25585 25743 25867 26024 26149 26306 26430 26087.42
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