- The Sensex ended up 97 points after the interim budget was announced in Parliament. Gains were capped due to the budget announcements. - Key highlights of the interim budget included the fiscal deficit target being contained at 4.6% of GDP for FY2014 and a target of 4.1% for FY2015. Excise duties were cut on certain automobile categories. - Sector gains were led by banks, power and automobiles. Key stocks contributing most to the Sensex gains included ICICI Bank, Mahindra and Mahindra, and Tata Power.

1. Sensex ends 97 points up post interim budget
Market Snapshot | 17-02-2014 04:21 PM
Indian indices made a gap up start tracking the supportive global cues. Markets traded firm but the gains remained
capped amidst interim budget announcements in the Parliament. Bulls retained their hold on D-Street and added some
gains in late trades to end near day’s high levels. Rally in Banks, Power and Auto stocks persuaded Sensex to rise 97
points. Nifty closed above 6070.
On global front
US indices edged higher with Nasdaq Composite marking the highest level since July 2000. Asian and European
markets too traded jubilantly after a report showed that China’s new credit increased to a record in January.
Back home, on currency front, domestic currency strengthened against Dollar on the day of interim budget. In futures
trade, INR touched an intra-day high of Rs 61.85/USD and an intra-day low of Rs 62.13/USD. In spot trades, INR made
an intra-day high of Rs 61.85/USD and an intra-day low of Rs 62.09/USD. As per RBI reference rate, INR stood at
61.94/USD. (Read More)
Interim Budget
Finance Minister P. Chidambaram today announced interim budget 2014 of UPA II.
Key highlights
Fiscal deficit for the current financial year would be contained at 4.6% of GDP as against the budget estimate
(BE) 4.9%. The current account deficit (CAD) for FY14 stood at $45 billion.
GDP Growth for FY14 is pegged at 4.9%. GDP growth fell to 4.4% from 7.9% in nine quarters.
The Fiscal Deficit for FY15 is pegged at 4.1% and Revenue Deficit is pegged at 3%.
Rs 555322 crore estimated as plan expenditure; non-plan expenditure pegged at 1207892 crore
Govt pegged investment rate at 34.8%; saving rate at 30.1%
There was no change in tax slabs.
Exports are estimated to grow to 6.4% to $326 billion.
Excise duty cut on SUVs from 30% to 20%, on medium cars from 24% to 20%, on Small cars, motor cycles,
scooters and commercial vehicles from 12% to 8%.
Excise cut of 2% in Capital Goods and Non-Consumer Durables to 10% from 12%.
Govt set FY15 fertilizer subsidy at Rs.67900 Cr.
Rs 246397 crore allocated for subsidy of food, fertilizer and fuel.
The allocation for defence has been enhanced by 10 percent from to Rs 224000 crore.
Key Quarterly Results
Automobile major, Mahindra & Mahindra Ltd jumped 2.8% on BSE on recording 11.7% rise in Q3 Net at Rs 934.06
crore for the quarter, as compared to Rs 836.19 crore for the same quarter in the previous year. (Featured Result)
Nestle India ended marginally down on BSE after posting a slim rise of 1% in Q3FY14 Net at Rs 281.66 crore as
compared to Rs 278.92 crore for the same quarter in the previous year. On the consolidated basis, the group’s net
grew 4.6 at Rs 1117.13 crore for the quarter as compared to Rs 1067.93 crore for Q3FY13. (Read More)
Britannia Industries ended 0.4% down on BSE on registering a jump of 69.12% in Q3FY14 Net at Rs 96.33 crore as
compared to Rs 56.96 crore for the same quarter in the previous year. On the consolidated basis, the group’s Net rose
62.11% to Rs 100.56 crore as compared to Rs 62.03 crore for Q3FY13. (Read More)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1280 and 1415
respectively, while 166 scrips remained unmoved.
The S&P BSE Sensex ended at 20464.06, up 97.24 points or 0.48%. The 30 share index touched a high and a low of
20492.43 and 20338.95 respectively. 20 stocks advanced against 10 declining ones on the benchmark index.
The CNX Nifty gained 24.95 points or 0.41% to settle at 6073.30. The index touched high and low of 6080.65 and
6038.30 respectively. 30 stocks advanced against 19 declining ones on the index.

2. S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved down to 6300.67 and lost 0.18% while S&P BSE Small-cap index jumped up by
0.01% to 6280.60.
The broader S&P BSE 500 index increased to 7470.83 (up 0.27%) and CNX 500 index rose to 4690.45 (up 0.27%).
The volatility as denoted by INDIA VIX lost 4.98% at 15.83 from its previous close of 16.66 on Friday.
Sectors in action
On the BSE Sectorial front, Banks (up 1.21%), Power (up 0.96%) and Automobile (up 0.76%) were the top gainers.
Real Estate (down 0.82%), Consumer Durables (down 0.73%) and Metals (down 0.71%) were the top losers.
The Angels and the Devils
Tata Power Company Ltd (up 4.81%), Mahindra and Mahindra Ltd (up 2.83%), Dr. Reddys Laboratories Ltd (up
2.31%), ICICI Bank (up 2.13%) and Hero MotoCorp Ltd (up 1.99%) were the top gainers on the Sensex.
Coal India Ltd (down 1.59%), Hindalco Industries Ltd (down 1.35%), Reliance Industries Ltd (down 1.22%), Wipro Ltd
(down 0.56%) and Bharat Heavy Electricals Ltd (down 0.54%) were the top losers on the Sensex.
Benchmark Drivers
ICICI Bank (28.19 points), Reliance Industries Ltd (-20.72 points), HDFC Bank (19.56 points), Housing Development
Finance Corporation Ltd (15.21 points) and Mahindra and Mahindra Ltd (13.69 points) were the major Sensex drivers
today.
On the other end ICICI Bank (6.93 points), Reliance Industries Ltd (-5.02 points), HDFC Bank (4.78 points), Housing
Development Finance Corporation Ltd (3.69 points) and Mahindra and Mahindra Ltd (3.17 points) were the major Nifty
movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6064 for next session. The next support is at 6048 and on upside it has a resistance at
6090 levels.
CNX Nifty
Eff. Date
18-Feb-2014
17-Feb-2014
14-Feb-2014
S3
6005
5931
5860
S2
6022
5958
5926
S1
6048
6003
5963
PIVOT
6064
6030
6029
R1
6090
6075
6067
R2
6106
6102
6132
R3
6132
6147
6170
Actual Close
6073.30
6048.35
S&P BSE Sensex has a pivot at 20432 with first level of support and resistance at 20371 and 20525 respectively.
S&P BSE Sensex
Eff. Date
18-Feb-2014
17-Feb-2014
14-Feb-2014
S3
20218
19970
19732
Follow us on
S2
20278
20060
19948
S1
20371
20213
20071
PIVOT
20432
20303
20287
R1
20525
20456
20410
R2
20585
20546
20626
R3
20678
20699
20749
Actual Close
20464.06
20366.82
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