The Indian stock market snapped its three-day losing streak, with the Sensex gaining 1.5% and closing near its daily high. The rally was driven by comments from the US Federal Reserve that suggested a dovish stance on raising interest rates, as well as gains in US and other global markets. Key sectors like capital goods, real estate and banks outperformed, while no sector declined. Several companies saw large share price increases, such as Bharat Heavy Electricals which rose 8.37% after winning a major contract.

1. D-Street zooms 1.5% to snap 3-day losing streak
Market Snapshot | 09-10-2014 04:20 PM
Breaking the 3-day southward journey, D-Street kick started the day with a gap up open. US Fed’s dovish comments
for hiking interest rates persuaded benchmarks to spurt over 1%. Both barometer gauges flied higher without looking
back to settle near intra-day high levels with gains of one and a half percent.
The S&P BSE Sensex ended at 26637.28, up 390.49 points or 1.49%. The 30 share index touched a high and a low
of 26688.70 and 26394.21 respectively. 25 stocks advanced against 5 declining ones on the benchmark index.
The CNX Nifty gained 117.85 points or 1.50% to settle at 7960.55. The index touched high and low of 7972.35 and
7886.50 respectively. 41 stocks advanced against 9 declining ones on the index.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 2114 and 975 respectively,
while 108 scrips remained unmoved.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 9576.38 and gained 1.83% while S&P BSE Small-cap index jumped up by
1.59% to 10731.69.
The broader S&P BSE 500 index increased to 10172.99 (up 1.52%) and CNX 500 index rose to 6416.40 (up 1.58%).
The volatility as denoted by INDIA VIX lost 6.73% at 13.16 from its previous close of 14.11 on Wednesday.
On global turf, US markets scored biggest one day gains of the year as investors cheered the Fed minutes hinting
dovish stance of central bank on raising interest rates. Asian and European markets too joined Wall Street to climb
higher.
Sectors in action
On the BSE Sectorial front, Capital Goods (up 3.01%), Real Estate (up 2.61%) and Banks (up 2.51%) were the top
gainers.
There was no loser on BSE sectorial front.
Among stock-specific developments, state owned capital goods major, Bharat Heavy Electricals (BHEL) rallied
8.37% on BSE on bagging a prestigious contract worth Rs 7800 crore for setting up a 1320 MW supercritical thermal
power project on engineering, procurement & construction basis from Tamil Nadu Generation and Distribution
Corporation.
Polaris Financial technology crashed 13.36% on BSE after demerging its product business in an independent entity
named Intellect Design Arena (Intellect).
Va Tech Wabag spurted 4.65% on BSE as foreign institutional investors (FIIs) raised stake in the company to 28.55%
in Q2FY15 from 25.98% in Q1FY15.
Rallis India jumped 3% to make new 52 week high at Rs 254.10 on BSE as foreign institutional investors (FIIs) hiked
their stake to 15.76% in September quarter from 14.96% on QoQ basis.
Ahluwalia Contracts (India) climbed 4.26% on BSE after securing new orders aggregating to approximately Rs 178
crore for Construction of Housing Project including Finishing & Electrical works.
The Angels and the Devils
Bharat Heavy Electricals Ltd (up 8.37%), Hindalco Industries Ltd (up 6.01%), State Bank of India (up 2.84%), Housing
Development Finance Corporation Ltd (up 2.68%) and ICICI Bank (up 2.64%) were the top gainers on the Sensex.
Wipro Ltd (down 0.83%), NTPC Ltd (down 0.49%), Mahindra and Mahindra Ltd (down 0.38%), ITC Ltd (down 0.19%)
and Infosys Ltd (down 0.13%) were the top losers on the Sensex.

2. Benchmark Drivers
ICICI Bank (50.85 points), Housing Development Finance Corporation Ltd (46.53 points), HDFC Bank (43.42 points),
Larsen And Toubro Ltd (35.81 points) and Reliance Industries Ltd (35.78 points) were the major Sensex drivers today.
On the other end ICICI Bank (13.36 points), Housing Development Finance Corporation Ltd (12.10 points), HDFC
Bank (11.20 points), Larsen And Toubro Ltd (9.60 points) and Reliance Industries Ltd (9.26 points) were the major
Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7940 for next session. The next support is at 7907 and on upside it has a resistance at
7993 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
10-Oct-2014 7821 7854 7907 7940 7993 8026 8079 -
09-Oct-2014 7762 7789 7816 7843 7870 7897 7924 7960.55
08-Oct-2014 7715 7779 7816 7879 7916 7980 8016 7842.70
S&P BSE Sensex has a pivot at 26573 with first level of support and resistance at 26458 and 26753 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
10-Oct-2014 26164 26279 26458 26573 26753 26868 27047 -
09-Oct-2014 25964 26057 26152 26245 26340 26433 26528 26637.28
08-Oct-2014 25838 26044 26158 26364 26478 26684 26798 26246.79
Follow us on This content is generated at www.finalaya.com and is governed by the Terms of Use.