- Indian stock indices ended higher due to firm global cues as US markets rose on positive jobs and earnings data, and Asian/European markets followed. - FIIs were net buyers in the previous session, halting a 5-day selling streak. Key sectors like metals and healthcare gained over 1%. - The rupee strengthened on hopes that a telecom spectrum auction would attract overseas capital. Bids totaling Rs. 53,000 crore were received in the auction so far.

1. Firm global cues lifts Indian indices to end higher
Market Snapshot | 07-02-2014 04:22 PM
Indian indices opened gap up buoyed on joyous trades in global markets. Sentiments remained upbeat as FIIs were
the net buyers in the previous session taking a breather from 5-day selling streak. In noon trades, benchmarks once
dipped to hit day’s low levels but soon recovered to end in positive terrain. Nifty closed above 6060 levels. Among BSE
sectorials, Metal index shined 2.66% and topped the charts.
On global front, US markets traded jubilantly on the back of a big fall in weekly jobless claims and upbeat corporate
earnings. Asian and European too edged higher tracking firm lead from Wall Street with Nikkei soaring over 2% as yen
dropped against dollar.
On currency front, Indian Rupee strengthened against Dollar on the hopes that spectrum auction will fetch overseas
capital in the country. In futures trade INR hit an intra-day high at Rs 62.43/USD and an intra-day low at Rs
62.64/USD. In spot trades, INR touched an intra-day high of Rs 62.28/USD and an intra-day low of Rs 62.42/USD. As
per RBI reference rates, INR stood at 62.31 against USD.
On macro-economic front, on the fourth day of the spectrum auction for 900 MHz band and 1800 MHz band the
Government received bids aggregating Rs 53000 crore. Eight telecom companies participated in the auction including
Reliance Jio Infocomm, Bharti Airtel up (0.08%) and Vodafone. (Read More)
The Cabinet Committee on Economic Affairs (CCEA) nodded for the proposal of increasing the fair and remunerative
price (FRP) for sugarcane by Rs 10 per quintal to Rs 220 per quintal for 2014-15 marketing year. FRP is the minimum
price that the mills pay to farmers for the raw material. (Read More)
Key Quarterly Results
Ambuja Cements shot 5% on BSE after recording 49% jump in Q3FY14 Net at Rs 316.5 crore as against Rs 212 crore
for the same quarter in the previous year. (Featured Result)
Aurobindo Pharma surged 2.75% and hit fresh 52 week high at Rs 536 on BSE on reporting over two fold jump in
Q3FY14 Net at Rs 418.16 crore as compared to Rs 144.28 crore for the same quarter in the previous year. On the
consolidated basis, the group’s Net jumped over four fold jump at Rs 417.5 crore for the quarter as compared to Rs
91.81 crore in Q3FY13. (Read More)
Cadila Healthcare spiked 5.85% on BSE after the company’s Q3FY14 Net jumped nearly four fold at Rs 194.93 crore
as compared to Rs 48.65 crore for the same quarter in the previous year. On the consolidated basis, the group’s Net
climbed 81.54% rise at Rs 185.97 crore for the quarter as compared to Rs 102.44 crore in Q3FY13. (Read More)
Strides Arcolab plunged 2.7% on BSE despite posting a remarkable increase of 4668.3% in DQ Net at Rs. 3525.24
crore as compared to Rs. 73.93 crore in the same quarter of the previous year. (Result)
Tata Power Company reported 16% spike in Q3 Net at Rs 251.13 crore as compared to Rs 216.38 crore in the same
quarter in the previous year. (Result)
Reliance Power gained 1.7% on BSE after company’s consolidated Net rose marginally by 0.60% at Rs 267.22 crore
as compared to Rs 265.68 crore for the same quarter in the previous year. However, on standalone basis, the
company’s Net tumbled 91.8% to Rs 30.27 crore for the quarter as compared to Rs 369.23 crore for Q3FY13. (Read
More)
Andhra Bank slipped 1% on BSE as the bank’s Net tanked 82.27% in Q3FY14 at Rs 45.57 crore as compared to Rs
257 crore for the same quarter in the previous year. Moreover, Bank’s Net NPA rose to at 3.65% as compared to
2.29% in Q3FY13. (Result)
CESC Ltd dropped 1.9% on BSE despite registering a growth of 6% in Q3FY14 Net at Rs 107 crore as against Rs 101
crore in the same quarter of the previous year. (Result)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1387 and 1190 respectively,
while 178 scrips remained unmoved.
The S&P BSE Sensex ended at 20376.56, up 65.82 points or 0.32%. The 30 share index touched a high and a low of
20450.51 and 20282.30 respectively. 20 stocks advanced against 10 declining ones on the benchmark index.
The CNX Nifty gained 26.90 points or 0.45% to settle at 6063.20. The index touched high and low of 6079.95 and
6030.90 respectively. 36 stocks advanced against 14 declining ones on the index.

2. S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved up to 6336.84 and gained 0.59% while S&P BSE Small-cap index jumped up by
0.31% to 6328.76.
The broader S&P BSE 500 index increased to 7487.31 (up 0.43%) and CNX 500 index rose to 4701.70 (up 0.43%).
The volatility as denoted by INDIA VIX lost 2.06% at 18.55 from its previous close of 18.94 on Thursday.
Sectors in action
On the BSE Sectorial front, Metals (up 2.66%), Healthcare (up 1.69%) and Real Estate (up 1.04%) were the top
gainers.
Information Technology (down 0.62%), FMCG (down 0.49%) and Consumer Durables (down 0.08%) were the top
losers.
The Angels and the Devils
Tata Steel Ltd (up 6.39%), Sesa Sterlite Ltd (up 3.66%), Sun Pharmaceutical Industries Ltd (up 2.80%), Axis Bank (up
2.08%) and Bajaj Auto Ltd (up 2.03%) were the top gainers on the Sensex.
Hindustan Unilever Ltd (down 1.52%), Tata Consultancy Services Ltd (down 1.44%), Wipro Ltd (down 1.30%), Bharat
Heavy Electricals Ltd (down 0.73%) and ITC Ltd (down 0.37%) were the top losers on the Sensex.
Benchmark Drivers
Tata Consultancy Services Ltd (-21.40 points), Tata Steel Ltd (18.22 points), Sun Pharmaceutical Industries Ltd (15.76
points), Hindustan Unilever Ltd (-11.16 points) and Sesa Sterlite Ltd (10.37 points) were the major Sensex drivers
today.
On the other end Tata Consultancy Services Ltd (-5.26 points), Tata Steel Ltd (4.57 points), Sun Pharmaceutical
Industries Ltd (4.02 points), Hindustan Unilever Ltd (-2.79 points) and Sesa Sterlite Ltd (2.53 points) were the major
Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6058 for next session. The next support is at 6036 and on upside it has a resistance at
6085 levels.
CNX Nifty
Eff. Date
10-Feb-2014
07-Feb-2014
06-Feb-2014
S3
5987
5902
5914
S2
6009
5934
5938
S1
6036
5985
5980
PIVOT
6058
6017
6004
R1
6085
6068
6046
R2
6107
6100
6070
R3
6134
6151
6112
Actual Close
6063.20
6036.30
S&P BSE Sensex has a pivot at 20370 with first level of support and resistance at 20289 and 20457 respectively.
S&P BSE Sensex
Eff. Date
10-Feb-2014
07-Feb-2014
06-Feb-2014
S3
20121
19863
19915
S2
20202
19971
19996
S1
20289
20141
20128
PIVOT
20370
20250
20209
R1
20457
20419
20342
R2
20538
20528
20422
R3
20625
20698
20555
Actual Close
20376.56
20310.74

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