Markets pare gains to end in red; Nifty @8087

1. Markets pare gains to end in red; Nifty @8087
Market Snapshot | 05-09-2014 04:20 PM
Indian indices made a gap up start tracking the reports of heavy rainfall that narrowed the overall monsoon deficit.
However, in late morning deals, bulls failed to hold their grip on D-Street amidst negative global cues. Selling pressure
continued that led Sensex to drop nearly 0.22% at the close.
Among global peers, all US, European and Asian markets fell shrugging off the optimistic macro-economic
announcements amidst profit booking activities at higher levels.
Jyoti Ltd zoomed 20% on BSE on bagging largest hydro power order from Sardar Sarovar Narmada Nigam (SSNNL)
worth Rs 422.98 crore.
Natco Pharma spurted 5% on BSE after its USA based marketing partner Breckenridge Pharmaceutical, Inc. (BPI) filed
an Abbreviated New Drug Application (ANDA) for Everolimus 0.25mg, 0.5mg, and 0.75mg Tablets.
Info Edge India rallied over 4% on BSE on launching QIP (Qualified Institutions Placement) issue at the floor price of
Rs.766.89 per share.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1853 and 1295 respectively,
while 100 scrips remained unmoved.
The S&P BSE Sensex ended at 27026.70, down 59.23 points or 0.22%. The 30 share index touched a high and a
low of 27178.80 and 26920.56 respectively. 13 stocks advanced against 17 declining ones on the benchmark index.
The CNX Nifty lost 9.10 points or 0.11% to settle at 8086.85. The index touched high and low of 8122.70 and 8049.85
respectively. 25 stocks advanced against 25 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 9668.76 and gained 0.56% while S&P BSE Small-cap index jumped up by
1.25% to 10627.07.
The broader S&P BSE 500 index increased to 10321.39 (up 0.01%) and CNX 500 index rose to 6502.30 (up 0.01%).
The volatility as denoted by INDIA VIX lost 1.07% at 12.94 from its previous close of 13.08 on Thursday.
Sectors in action
On the BSE Sectorial front, Real Estate (up 1.15%), Capital Goods (up 0.86%) and Metals (up 0.69%) were the top
gainers.
Automobile (down 0.65%), FMCG (down 0.32%) and Banks (down 0.30%) were the top losers.
The Angels and the Devils
Bajaj Auto Ltd (up 1.46%), Larsen And Toubro Ltd (up 1.27%), Oil and Natural Gas Corporation Ltd (up 1.12%), State
Bank of India (up 1.10%) and Cipla Ltd (up 1.00%) were the top gainers on the Sensex.
Hero MotoCorp Ltd (down 2.16%), Housing Development Finance Corporation Ltd (down 2.10%), Coal India Ltd (down
1.80%), Bharat Heavy Electricals Ltd (down 1.50%) and ICICI Bank (down 1.46%) were the top losers on the Sensex.
Benchmark Drivers
Housing Development Finance Corporation Ltd (-38.86 points), ICICI Bank (-30.44 points), Larsen And Toubro Ltd
(19.44 points), Tata Motors Ltd (-13.30 points) and Infosys Ltd (12.49 points) were the major Sensex drivers today.
On the other end Housing Development Finance Corporation Ltd (-10.86 points), ICICI Bank (-8.25 points), Larsen And
Toubro Ltd (5.48 points), Tata Motors Ltd (-3.61 points) and Infosys Ltd (3.11 points) were the major Nifty movers
today.

2. Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 8086 for next session. The next support is at 8050 and on upside it has a resistance at
8123 levels.
CCNNXX NNiiffttyy
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
08-Sep-2014 7977 8014 8050 8086 8123 8159 8196 -
05-Sep-2014 8012 8037 8066 8091 8120 8144 8174 8086.85
04-Sep-2014 8041 8067 8091 8116 8140 8166 8190 8095.95
S&P BSE Sensex has a pivot at 27042 with first level of support and resistance at 26905 and 27163 respectively.
SS&&PP BBSSEE SSeennsseexx
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
08-Sep-2014 26647 26784 26905 27042 27163 27300 27422 -
05-Sep-2014 26786 26879 26982 27076 27179 27273 27376 27026.70
04-Sep-2014 26904 26985 27063 27144 27222 27303 27380 27085.93
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