- Global markets declined due to escalating tensions in Ukraine, troubling Indian markets which fell 1% by the close. - Key factors were pessimism in Asian and European markets and a weakening rupee against the dollar. - Several companies reported quarterly results, with State Bank of India, Nestle India, and Neyveli Lignite posting growth while Mahindra & Mahindra and Corporation Bank saw declines.

1. Benchmarks tank 1% on global concerns
Market Snapshot | 08-08-2014 04:20 PM
The escalating tensions in Ukraine troubled Indian markets at open with Nifty below 7600 mark. Markets continued
trading in negative backed by pessimism on Asian and European counterparts. Both barometer gauges crashed 1% at
the close with Sensex at 25329 and Nifty at 7569. Among BSE sectorials, Realty topped the laggards.
On the global turf, US markets lost the cool with Dow Jones cracking to lowest level since April on increased worries
over Ukraine conflict. Asian and European markets too proceeded southwards as investors started sell off amidst
cautiousness.
Back home, the domestic currency weakened against Dollar dragged by the negative trades in local equities due to
persisting geopolitical concerns.
On the stock specific movements, Tata Steel is reportedly planning to raise Rs 2000-4000 crore via Qualified
Institutional Placement (QIP) and has appointed two banks to explore options for the same. The stock ended 3.22%
down amidst weakness in market.
Key Quarterly Results
Country’s biggest public sector bank, State Bank of India (SBI) ended marginally down on BSE after registering a slim
growth of 3.33% in Net of Q1FY15 at Rs 3349.08 crore as compared to Rs 3241.08 crore for the same quarter in the
previous year. On consolidated basis, bank’s Net grew 3.48% at Rs 4448.15 crore for the quarter as compared to Rs
4298.56 crore in Q1FY14.
Automobile major, Mahindra & Mahindra dipped 1.4% on BSE after recording a decline of 6% at Rs 881.78 crore in
June quarter as compared to Rs 937.91 crore for the same period of previous year.
FMCG bellwether, Nestle India recorded 6.07% rise in June quarter Net at Rs 287.86 crore as compared to Rs 271.38
crore for the same quarter ended in previous year. The stock ended marginally down on BSE.
Corporation Bank tumbled 5.55% on BSE after its Q1FY15 Net slipped 38.76% at Rs 231.46 crore as compared to Rs
377.98 crore for the same quarter of previous fiscal. Bank’s gross NPA for quarter rose to 3.96% as compared to
2.37% in Q1FY14.
Neyveli Lignite Corporation fell 2.2% on BSE amidst the pessimistic sentiments in market. Company’s Q1 Net surged
20% to Rs 334.05 crore as compared to Rs 278.43 crore for the Q1 of previous year.
The market breadth on the BSE closed in negative. Advancing and declining stocks were 919 and 2129 respectively,
while 115 scrips remained unmoved.
The S&P BSE Sensex ended at 25329.14, down 259.87 points or 1.02%. The 30 share index touched a high and a
low of 25406.87 and 25232.82 respectively. 6 stocks advanced against 24 declining ones on the benchmark index.
The CNX Nifty lost 80.70 points or 1.06% to settle at 7568.55. The index touched high and low of 7592.45 and
7540.10 respectively. 9 stocks advanced against 41 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 8962.18 and lost 2.06% while S&P BSE Small-cap index hammered
down by 2.14% to 9828.30.
The broader S&P BSE 500 index decreased to 9637.90 (down 1.35%) and CNX 500 index declined to 6072.65 (down
1.31%).
The volatility as denoted by INDIA VIX gained 3.39% at 14.62 from its previous close of 14.14 on Thursday.
Sectors in action
On the BSE Sectorial front, FMCG (up 0.09%) and Healthcare (up 0.05%) were the top gainers.
Real Estate (down 3.86%), Metals (down 3.15%) and Power (down 2.92%) were the top losers.

2. The Angels and the Devils
Bharti Airtel Ltd (up 2.09%), Dr. Reddys Laboratories Ltd (up 0.89%), ITC Ltd (up 0.72%), Cipla Ltd (up 0.32%) and
Tata Consultancy Services Ltd (up 0.23%) were the top gainers on the Sensex.
Sesa Sterlite Ltd (down 5.71%), Tata Power Company Ltd (down 3.79%), Bharat Heavy Electricals Ltd (down 3.74%),
Tata Steel Ltd (down 3.22%) and GAIL (India) Ltd (down 2.85%) were the top losers on the Sensex.
Benchmark Drivers
Larsen And Toubro Ltd (-37.45 points), HDFC Bank (-34.33 points), Sesa Sterlite Ltd (-24.93 points), Infosys Ltd (-
19.20 points) and Axis Bank (-18.78 points) were the major Sensex drivers today.
On the other end Larsen And Toubro Ltd (-9.47 points), HDFC Bank (-8.57 points), Sesa Sterlite Ltd (-6.52 points),
Tata Motors Ltd (-4.69 points) and Reliance Industries Ltd (-4.54 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7567 for next session. The next support is at 7542 and on upside it has a resistance at
7594 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
11-Aug-2014 7489 7515 7542 7567 7594 7619 7646 -
08-Aug-2014 7538 7584 7617 7663 7695 7741 7774 7568.55
07-Aug-2014 7558 7609 7640 7691 7722 7773 7804 7649.25
S&P BSE Sensex has a pivot at 25323 with first level of support and resistance at 25239 and 25413 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
11-Aug-2014 25065 25149 25239 25323 25413 25497 25587 -
08-Aug-2014 25232 25379 25484 25631 25736 25883 25988 25329.14
07-Aug-2014 25278 25450 25558 25730 25837 26009 26117 25589.01
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