The Indian stock market indices rose sharply in late trading, with the Sensex gaining 330 points and closing at 7631.70. Buying in oil & gas and public sector stocks drove the gains. Earlier in the day, the markets had traded flatly. Among sectors, oil & gas saw the largest rise. Globally, US markets closed marginally up while Asian markets traded mixed and Europe was positive. The rupee strengthened against the dollar in line with the stock market. Gold prices fell as equities rose. Specific stocks like Choksi Laboratories and Reliance Communications rose on corporate news.

1. Sensex accelerates 330 points on late hour buying; Nifty@7632
Market Snapshot | 17-06-2014 04:35 PM
After yesterday’s pessimism, Indian indices continued the lackluster trades today by starting on a flat note. Both
barometer gauges were seen hovering around the previous close for most of the day. However, in late noon session
out of nowhere, markets took a high jump of over a percent on the back of buying in Oil & Gas and PSU stocks.
Sensex spurted 330 points and Nifty settled at 7631.70. On BSE sectorial front, Oil & Gas was the star performer.
Among global peers, US markets settled marginally in green amidst the continued violence activities in Iraq.
Additionally, Asian markets too exhibited mixed trades whereas European markets were trading in positive zone.
Back home, on currency front, Rupee recouped from the early losses against Dollar tracking the sudden jump in
local equities. In futures trades, INR hit an intra-day high of 60.09/USD and an intra-day low of 60.63/USD. In spot
trades, INR hit an intra-day high of 60.02/USD and an intra-day low of 60.51/USD. As per /RBI reference rates, INR
stood at 60.36/UD.
On commodities front, the yellow metal surged in early trades on Iraq concerns but pared gains to trade in red
territory amidst gains in local equity market. In futures trades of August expiry, Gold marked intra-day high at Rs 26795
per 10 grams and an intra-day low at Rs 26592 per 10 grams.
On stock-specific front, Choksi Laboratories rallied 5% on BSE after its board nodded to incorporate a wholly owned
foreign subsidiary of the company in United State of America (USA).
Reliance Communications climbed 2.5% on BSE on the reports of planning to tie-up with Reliance Jio for a pan-India
intra-circle agreement straddling the 800-MHz and 2100-MHz bands.
State Bank of Travancore soared 3% on BSE as the company will have a Board meeting on June 20 to consider and
review the issue size of the proposed Rights Issue of the equity shares of the Bank.
Ricoh India was locked at 20% lower circuit on BSE on failure of delisting plan as promoter Ricoh Asia Pacific Pte
rejected price of Rs 225 per share for delisting of the company.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 2139 and 1003 respectively,
while 124 scrips remained unmoved.
The S&P BSE Sensex ended at 25521.19, up 330.71 points or 1.31%. The 30 share index touched a high and a low
of 25545.88 and 25104.50 respectively. 24 stocks advanced against 6 declining ones on the benchmark index.
The CNX Nifty gained 98.15 points or 1.30% to settle at 7631.70. The index touched high and low of 7637.60 and
7509.25 respectively. 40 stocks advanced against 9 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 9101.47 and gained 1.50% while S&P BSE Small-cap index jumped up by
2.03% to 9901.56.
The broader S&P BSE 500 index increased to 9744.31 (up 1.39%) and CNX 500 index rose to 6139.35 (up 1.36%).
The volatility as denoted by INDIA VIX lost 1.56% at 17.70 from its previous close of 17.98 on Monday.
Sectors in action
On the BSE Sectorial front, Oil & Gas (up 2.86%), Banks (up 2.28%) and Capital Goods (up 1.93%) were the top
gainers.
FMCG (down 0.17%) was the sole loser.
The Angels and the Devils
Oil and Natural Gas Corporation Ltd (up 4.07%), Axis Bank (up 3.79%), State Bank of India (up 2.91%), Coal India Ltd
(up 2.89%) and Bharat Heavy Electricals Ltd (up 2.84%) were the top gainers on the Sensex.
Mahindra and Mahindra Ltd (down 1.66%), Hero MotoCorp Ltd (down 0.83%), Dr. Reddys Laboratories Ltd (down

2. Mahindra and Mahindra Ltd (down 1.66%), Hero MotoCorp Ltd (down 0.83%), Dr. Reddys Laboratories Ltd (down
0.58%), Hindustan Unilever Ltd (down 0.53%) and Bajaj Auto Ltd (down 0.47%) were the top losers on the Sensex.
Benchmark Drivers
Reliance Industries Ltd (52.37 points), ICICI Bank (44.81 points), Oil and Natural Gas Corporation Ltd (34.54 points),
Larsen And Toubro Ltd (32.71 points) and State Bank of India (29.29 points) were the major Sensex drivers today.
On the other end Reliance Industries Ltd (13.12 points), ICICI Bank (12.32 points), Oil and Natural Gas Corporation Ltd
(9.34 points), Larsen And Toubro Ltd (8.52 points) and State Bank of India (7.32 points) were the major Nifty movers
today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7593 for next session. The next support is at 7548 and on upside it has a resistance at
7676 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
18-Jun-2014 7420 7464 7548 7593 7676 7721 7805 -
17-Jun-2014 7437 7462 7498 7523 7559 7584 7620 7631.70
16-Jun-2014 7332 7429 7485 7582 7639 7735 7792 7533.55
S&P BSE Sensex has a pivot at 25391 with first level of support and resistance at 25235 and 25677 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
18-Jun-2014 24794 24949 25235 25391 25677 25832 26118 -
17-Jun-2014 24876 24970 25080 25174 25285 25379 25489 25521.19
16-Jun-2014 24520 24846 25037 25363 25554 25879 26070 25190.48
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