Markets snap 8-day winning streak; Nifty ends below 7800

1. Markets snap 8-day winning streak; Nifty ends below 7800
Market Snapshot | 25-07-2014 05:10 PM
After marking fresh record highs for two straight sessions, Indian indices made a soft start on profit booking activities.
Weak global cues and continued unrest in the Middle East and Ukraine dragged the markets lower. Benchmarks
magnified losses amidst mixed corporate earnings and missing buying catalyst to settle near intraday low levels.
Sensex shed 145 points to end at 26126.75 and Nifty slipped below 7800. On BSE sectorial front, Realty topped the
laggards.
Among global peers, US markets edged mostly lower except S&P 500 that marked record closing high for 27th time
this year. Asian and European markets too were trading mostly with a red mark.
Back home, on currency front, Rupee traded mixed against Dollars amidst the month end Dollar demands. In futures
trades, INR hit an intra-day high of 60.07/USD and an intra-day low of 60.19/USD. In spot trades, INR hit an intra-day
high of 60.07/USD and an intra-day low of 60.18/USD. As per RBI reference rates, INR stood at 60.14/USD.
On stock specific front, Ranbaxy Laboratories jumped 4.4% to make new 52 week high at Rs 586 on BSE on inking
licensing agreement with Cipher Pharmaceuticals Inc., to exclusively market, sell and distribute Cipher’s isotretinoin
capsules in Brazil.
Gammon India climbed 2.73% on BSE as Bajaj Allianz Life Insurance Company bought 15 lakh shares of the company
through open market route on an average price of Rs 27.30 valuing the transaction to Rs 40.95 crore.
Key Quarterly Results
Punjab National Bank (PNB) settled marginally down on BSE as the bank’s gross NPA rose to 5.48% in Q1FY15 as
compared to 4.84% for the same quarter of previous year. However, company’s Net Profit grew 10.17% at Rs 1405.12
crore for the quarter as compared to Rs 1275.32 crore Q1FY14.
Ambuja Cements slumped 3.34% on BSE despite recording a decent growth of 26% in Q1 Net at Rs 407.7 crore as
compared to Rs 324.2 crore in the corresponding quarter of previous year.
LIC Housing Finance slipped 5.42% on BSE on recording a slim rise of 3.8% in Q1 at Rs 322.30 crore as compared to
Rs 310.50 crore for the same quarter of previous fiscal.
Biocon tanked 7.07% on BSE as its Q1FY15 Net dipped 15% at Rs 74.63 crore as compared to Rs 87.73 crore for the
same quarter of previous fiscal. However, on consolidated basis, group’s Net rose 10.06% at Rs 102.91 crore for the
quarter as compared to Rs 93.50 crore for Q1FY14.
Bharti Infratel dipped 0.14% on BSE despite registering a steep jump of 173.50% in Q1FY15 Net at Rs 1206.70 crore
as compared to Rs 441.20 crore for same quarter in the previous year. On consolidated basis, group’s Net grew
29.41% at Rs 462.80 crore for the quarter as compared to Rs 357.60 crore for Q1FY14.
UCO Bank tumbled 6.5% on BSE after reporting a marginal rise of 2.01% in Q1FY15 net at Rs 521.40 crore as
compared to Rs 511.11 crore for same quarter of previous fiscal. Bank’s gross NPAslipped to 4.31% for the quarter as
compared to 5.58% in Q1FY14.
T he market breadth on the BSE closed in negative. Advancing and declining stocks were 1054 and 2001
respectively, while 117 scrips remained unmoved.
The S&P BSE Sensex ended at 26126.75, down 145.10 points or 0.55%. The 30 share index touched a high and a
low of 26300.17 and 26007.31 respectively. 7 stocks advanced against 22 declining ones on the benchmark index.
The CNX Nifty lost 40.15 points or 0.51% to settle at 7790.45. The index touched high and low of 7840.95 and
7748.60 respectively. 11 stocks advanced against 39 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 9178.21 and lost 1.24% while S&P BSE Small-cap index hammered
down by 1.88% to 10037.17.
The broader S&P BSE 500 index decreased to 9881.26 (down 0.79%) and CNX 500 index declined to 6230.45 (down
0.77%).

2. The volatility as denoted by INDIA VIX lost 3.40% at 14.22 from its previous close of 14.72 on Thursday.
Sectors in action
On the BSE Sectorial front, Healthcare (up 1.89%) and FMCG (up 0.73%) were the top gainers.
Real Estate (down 2.68%), Metals (down 2.33%) and Power (down 1.96%) were the top losers.
The Angels and the Devils
Sun Pharmaceutical Industries Ltd (up 4.44%), Hindustan Unilever Ltd (up 2.44%), Housing Development Finance
Corporation Ltd (up 2.40%), Hero MotoCorp Ltd (up 1.79%) and Dr. Reddys Laboratories Ltd (up 1.09%) were the top
gainers on the Sensex.
Tata Motors Ltd (down 5.70%), Wipro Ltd (down 4.66%), Bharat Heavy Electricals Ltd (down 4.06%), Hindalco
Industries Ltd (down 3.24%) and Tata Power Company Ltd (down 2.66%) were the top losers on the Sensex.
Benchmark Drivers
Tata Motors Ltd (-56.67 points), Housing Development Finance Corporation Ltd (42.63 points), Reliance Industries Ltd
(-39.05 points), ICICI Bank (-37.56 points) and Sun Pharmaceutical Industries Ltd (31.63 points) were the major
Sensex drivers today.
On the other end Reliance Industries Ltd (-11.81 points), ICICI Bank (-10.28 points), Housing Development Finance
Corporation Ltd (8.01 points), Tata Motors Ltd (-6.94 points) and Sun Pharmaceutical Industries Ltd (6.32 points) were
the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7793 for next session. The next support is at 7746 and on upside it has a resistance at
7838 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
28-Jul-2014 7653 7701 7746 7793 7838 7886 7930 -
25-Jul-2014 7726 7749 7790 7813 7854 7877 7918 7790.45
24-Jul-2014 7706 7730 7763 7786 7819 7842 7875 7830.60
S&P BSE Sensex has a pivot at 26132 with first level of support and resistance at 25964 and 26257 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
28-Jul-2014 25671 25839 25964 26132 26257 26425 26550 -
25-Jul-2014 25921 25999 26135 26214 26350 26429 26565 26126.75
24-Jul-2014 25847 25924 26036 26112 26224 26300 26412 26271.85
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