Indian stock indices experienced a decline, with the Sensex dropping 243 points amid negative global cues and a weakening rupee. Key sectors such as metal and banking faced losses, while Infosys gained on buyback news. The market breadth closed slightly positive, with 1578 advancing and 1542 declining stocks on the BSE.

1. Sensex slumps 243 points on negative global cues
Market Snapshot | 06-08-2014 04:20 PM
Snapping a 2-day rally, Indian indices made a negative start amidst the carnage in global peers. Benchmarks
continued the southward journey amidst depreciation in Rupee against Dollar. Both barometer gauges tumbled 0.95%
to settle near day’s low levels. Infosys topped the gainers on buy back buzz. On BSE sectorial front, Metal topped the
laggards.
On global front, US markets tanked to the lowest level since May after the reports of Russia building up its military
presence on Ukraine’s border. Asian and European markets too followed the cues from Wall Street.
Back home, on currency front, Rupee slumped to over four months low level against Dollar amidst the demand for
the American currency from oil importers.
On stock-specific front, IL&FS Engineering and Construction Company rallied 6.12% on BSE on bagging orders
from the Lodha Group for civil construction works worth Rs 105 crore.
Automobile major, Hero MotoCorp ended marginally up after reporting a slim rise of 2.58% in June quarter Net at Rs
562.76 crore as compared to Rs 548.58 crore for the quarter ended June 30, 2013.
IDBI Bank crashed 6.85% on BSE after posting a steep fall of 65.85% in June quarter Net at Rs 104.8 crore as
compared to Rs 306.9 crore in the same period a year ago.
Apollo Tyres tanked 7.15% on BSE on recording a lower than expected growth of 37.4% in Q1 Net at Rs 228 crore as
compared to Rs 165.9 crore in the same period a year ago.
Jubilant Life Sciences plunged 4.15% on BSE despite reporting a Net Profit of Rs 203.72 crore in Q1FY15 as
compared to a Net Loss of Rs 105.88 crore for same quarter of previous fiscal. On consolidated basis, company’s Net
stood at Rs 4.28 crore for the quarter as compared to a Net Loss of Rs 52.62 crore for Q1FY14.
Piramal Enterprises spiked 4.43% on BSE after its June Quarter Net zoomed 2864.15% to Rs 2867.8 crore as
compared to a Net loss of Rs 103.75 crore in the same period a year ago.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1578 and 1542 respectively,
while 140 scrips remained unmoved.
The S&P BSE Sensex ended at 25665.27, down 242.74 points or 0.94%. The 30 share index touched a high and a
low of 25901.68 and 25621.85 respectively. 7 stocks advanced against 23 declining ones on the benchmark index.
The CNX Nifty lost 74.50 points or 0.96% to settle at 7672.05. The index touched high and low of 7740.95 and
7658.95 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 9201.24 and lost 0.77% while S&P BSE Small-cap index hammered
down by 0.15% to 10096.28.
The broader S&P BSE 500 index decreased to 9798.36 (down 0.81%) and CNX 500 index declined to 6173.70 (down
0.85%).
The volatility as denoted by INDIA VIX gained 2.51% at 14.30 from its previous close of 13.95 on Tuesday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 0.67%) was the top gainer.
Metals (down 1.90%), Banks (down 1.82%) and Real Estate (down 1.25%) were the top losers.
The Angels and the Devils
Infosys Ltd (up 2.01%), Bharat Heavy Electricals Ltd (up 0.66%), Mahindra and Mahindra Ltd (up 0.55%), Hero
MotoCorp Ltd (up 0.48%) and Reliance Industries Ltd (up 0.42%) were the top gainers on the Sensex.

2. ITC Ltd (down 2.63%), ICICI Bank (down 2.60%), Axis Bank (down 2.42%), Sesa Sterlite Ltd (down 2.26%) and Tata
Steel Ltd (down 2.06%) were the top losers on the Sensex.
Benchmark Drivers
ITC Ltd (-59.88 points), ICICI Bank (-51.38 points), Infosys Ltd (39.54 points), HDFC Bank (-23.04 points) and Tata
Motors Ltd (-19.02 points) were the major Sensex drivers today.
On the other end ITC Ltd (-16.07 points), ICICI Bank (-13.23 points), Infosys Ltd (8.90 points), HDFC Bank (-5.70
points) and Tata Motors Ltd (-4.77 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7691 for next session. The next support is at 7640 and on upside it has a resistance at
7722 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-Aug-2014 7558 7609 7640 7691 7722 7773 7804 -
06-Aug-2014 7558 7598 7672 7712 7787 7827 7901 7672.05
05-Aug-2014 7566 7594 7639 7667 7712 7740 7784 7746.55
S&P BSE Sensex has a pivot at 25730 with first level of support and resistance at 25558 and 25837 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-Aug-2014 25278 25450 25558 25730 25837 26009 26117 -
06-Aug-2014 25305 25434 25671 25800 26037 26166 26403 25665.27
05-Aug-2014 25362 25447 25585 25670 25808 25893 26031 25908.01
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