Indian markets opened marginally up and gained over the course of the day, closing at new record highs. The Sensex gained 138 points to close at 25,962, while the Nifty gained 37 points to close at 7,751. Key factors influencing the markets included positive cues from the US jobs report boosting US markets, while Asian markets were mixed and European markets traded lower. Oil and gas and real estate stocks performed well, while metals and consumer durable stocks declined. Reliance and HDFC Bank were the top gainers on the Sensex.

1. Markets settle at new record high ahead of Budget
Market Snapshot | 04-07-2014 04:20 PM
After yesterday’s glitches, Indian indices started marginally up and continued to trade above water. Pessimistic Asian
cues and renewed concerns over rising crude prices dragged markets to plunge in negative terrain. However,
sentiments turned sanguine in noon deals and out of nowhere benchmarks climbed around half a percent to settle at
new high with Sensex adding 138 points. On BSE sectorial front, Oil & Gas was the top gainer.
Among global peers, US markets spurted with Dow finally touching 17000, fueled by upbeat jobs report. On the other
hand, Asian markets traded mixed and European indices were trading in deep red.
Back home, on currency front, Rupee traded mixed against Dollar today in absence of catalyst. In futures trades, INR
hit an intra-day high of 59.9/USD and an intra-day low of 60.08/USD. In spot trades, INR hit an intra-day high of
59.64/USD and an intra-day low of 59.82/USD. As per RBI reference rates, INR stood at 59.79/USD.
On commodities front, the yellow metal recouped some of the early losses to trade in green. In futures trades of
August expiry, Gold marked intra-day high at Rs 27595 per 10 grams and an intra-day low at Rs 27451 per 10 grams.
On stock-specific front, Fertilisers And Chemicals Travancore Ltd rallied 5.35% on BSE as Government is reportedly
planning to provide Rs 990 crore revival package to the company.
Amtek Auto tanked 3.4% on BSE as the foreign fund Citigroup offloaded 2.07 million shares or 0.95% stake of the
company worth Rs 53 crore via open market at a price of Rs 255.93.
Aban Offshore climbed 2.35% to mark fresh 52 week high at 830.55 on BSE on raising Rs 750 crore via 25% dilution
of equity. The company issued 10,783,608 equity shares to Qualified Institutional Buyers (QIBs) at an issue price of Rs
695.50 per equity share.
The Great Eastern Shipping Company (GE Shipping) gained 2% on signing a contract to sell ‘Jag Vidhi’, a very large
gas carrier.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1767 and 1426 respectively,
while 148 scrips remained unmoved.
The S&P BSE Sensex ended at 25962.06, up 138.31 points or 0.54%. The 30 share index touched a high and a low
of 25981.51 and 25659.33 respectively. 19 stocks advanced against 11 declining ones on the benchmark index.
The CNX Nifty gained 36.80 points or 0.48% to settle at 7751.60. The index touched high and low of 7758.00 and
7661.30 respectively. 28 stocks advanced against 22 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 9545.75 and gained 0.58% while S&P BSE Small-cap index jumped up by
0.85% to 10508.03.
The broader S&P BSE 500 index increased to 9987.99 (up 0.46%) and CNX 500 index rose to 6297.60 (up 0.49%).
The volatility as denoted by INDIA VIX gained 1.97% at 18.16 from its previous close of 17.81 on Thursday.
Sectors in action
On the BSE Sectorial front, Oil & Gas (up 1.67%), Real Estate (up 1.10%) and Power (up 0.89%) were the top
gainers.
Metals (down 0.87%), Consumer Durables (down 0.36%) and Capital Goods (down 0.27%) were the top losers.
The Angels and the Devils
Reliance Industries Ltd (up 2.47%), HDFC Bank (up 2.29%), Dr. Reddys Laboratories Ltd (up 1.56%), GAIL (India) Ltd
(up 1.17%) and Infosys Ltd (up 0.88%) were the top gainers on the Sensex.
Sesa Sterlite Ltd (down 1.74%), Wipro Ltd (down 1.46%), Larsen And Toubro Ltd (down 0.58%), Coal India Ltd (down
0.57%) and Mahindra and Mahindra Ltd (down 0.55%) were the top losers on the Sensex.

2. Benchmark Drivers
Reliance Industries Ltd (51.24 points), HDFC Bank (42.63 points), Infosys Ltd (16.08 points), ICICI Bank (14.40 points)
and ITC Ltd (13.24 points) were the major Sensex drivers today.
On the other end Reliance Industries Ltd (13.57 points), HDFC Bank (11.43 points), Infosys Ltd (5.16 points), ITC Ltd
(3.42 points) and ICICI Bank (3.05 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7724 for next session. The next support is at 7689 and on upside it has a resistance at
7786 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
07-Jul-2014 7593 7627 7689 7724 7786 7820 7883 -
04-Jul-2014 7648 7678 7696 7725 7744 7773 7792 7751.60
03-Jul-2014 7636 7657 7691 7712 7746 7767 7801 7714.80
S&P BSE Sensex has a pivot at 25868 with first level of support and resistance at 25754 and 26076 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
07-Jul-2014 25432 25545 25754 25868 26076 26190 26398 -
04-Jul-2014 25540 25667 25745 25872 25951 26078 26156 25962.06
03-Jul-2014 25508 25584 25713 25789 25917 25993 26121 25823.75
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