- Indian stock indices opened lower due to a forecast of below-average monsoon rains but recovered to end flat, with the Nifty above 7650. - Global markets rose as US stocks hit new highs and Chinese inflation data was shrugged off. - The rupee weakened against the dollar amid losses for local equities, while gold prices edged higher. - On the BSE, consumer durables, IT and healthcare stocks gained while real estate and oil & gas declined.

1. Benchmarks thwart the 'red' scare; Nifty ends above 7650
Market Snapshot | 10-06-2014 04:19 PM
Snapping a 3-day rally, Indian indices plunged immediately after starting the session in green zone. Sentiments
remained dampened on lesser than desirable monsoon forecast by Indian Meteorological Department (IMD). However,
the barometer gauges recouped from the colossal losses to end flat with Nifty above 7650 mark. On BSE sectorial
front, Realty was the top laggard.
Among global peers, US markets cheered the good jobs data by both S&P 500 and Dow Jones Industrial Average
marking fresh record highs. Additionally, Asian and European indices too traded in positive terrain shrugging off the
rise in May inflation data from China.
Back home, on currency front, Rupee slipped against Dollar amidst negative trades in local equities. In futures
trades, INR hit an intra-day high of 59.21/USD and an intra-day low of 59.50/USD. In spot trades, INR hit an intra-day
high of 59.22/USD and an intra-day low of 59.33/USD. As per RBI reference rates, INR stood at 59.06/USD.
On commodities front, the yellow metal edged higher as euro softened due to the European Central Bank's recent
policy move. In futures trades of August expiry, Gold marked intra-day high at Rs 26069 per 10 grams and an intra-day
low at Rs 25972 per 10 grams.
On stock-specific front, Geometric surged 3.4% on BSE on signing an application maintenance contract with Volvo
Cars, Sweden that covers major applications from Computer Aided Design (CAD) and Product Lifecycle Management
(PLM) landscape.
IT major, Mindtree climbed 2.75% on BSE after the company announced to have a higher expectation in terms of
Dollar revenue growth in FY15 as compared to the previous fiscal.
Amtek India zoomed 20% and hit fresh 52 week high at Rs 100.35 on BSE after Cresta Fund sold part of its holding in
the company via open market transactions.
Sharon Bio rallied 3.76%o n BSE ahead of the board meeting today to consider issue of warrants or shares to
promoter group on preferential basis.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1921 and 1330 respectively,
while 105 scrips remained unmoved.
The S&P BSE Sensex ended at 25583.69, up 3.48 points or 0.01%. The 30 share index touched a high and a low of
25711.11 and 25347.33 respectively. 14 stocks advanced against 16 declining ones on the benchmark index.
The CNX Nifty gained 1.80 points or 0.02% to settle at 7656.40. The index touched high and low of 7683.20 and
7579.30 respectively. 20 stocks advanced against 30 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 9211.85 and lost 0.27% while S&P BSE Small-cap index jumped up by
0.26% to 10017.44.
The broader S&P BSE 500 index decreased to 9820.68 (down 0.08%) and CNX 500 index declined to 6192.30 (down
0.07%).
The volatility as denoted by INDIA VIX lost 2.57% at 16.66 from its previous close of 17.10 on Monday.
Sectors in action
On the BSE Sectorial front, Consumer Durables (up 3.55%), Information Technology (up 2.32%) and Healthcare (up
1.97%) were the top gainers.
Real Estate (down 2.96%), Oil & Gas (down 0.96%) and Capital Goods (down 0.90%) were the top losers.
The Angels and the Devils
Cipla Ltd (up 2.76%), Infosys Ltd (up 2.73%), Wipro Ltd (up 2.73%), Tata Consultancy Services Ltd (up 1.98%) and
Coal India Ltd (up 1.78%) were the top gainers on the Sensex.

2. Bharat Heavy Electricals Ltd (down 2.87%), Oil and Natural Gas Corporation Ltd (down 2.74%), Tata Steel Ltd (down
2.60%), Hero MotoCorp Ltd (down 2.32%) and Sesa Sterlite Ltd (down 2.29%) were the top losers on the Sensex.
Benchmark Drivers
Infosys Ltd (46.15 points), Tata Consultancy Services Ltd (28.53 points), Oil and Natural Gas Corporation Ltd (-24.61
points), State Bank of India (-15.04 points) and Larsen And Toubro Ltd (-14.81 points) were the major Sensex drivers
today.
On the other end Infosys Ltd (12.99 points), Tata Consultancy Services Ltd (7.82 points), Oil and Natural Gas
Corporation Ltd (-6.47 points), State Bank of India (-4.24 points) and Housing Development Finance Corporation Ltd
(4.23 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7640 for next session. The next support is at 7596 and on upside it has a resistance at
7700 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-Jun-2014 7492 7536 7596 7640 7700 7744 7804 -
10-Jun-2014 7505 7543 7599 7636 7692 7730 7786 7656.40
09-Jun-2014 7428 7463 7523 7558 7618 7653 7713 7654.60
S&P BSE Sensex has a pivot at 25547 with first level of support and resistance at 25384 and 25747 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-Jun-2014 25020 25184 25384 25547 25747 25911 26111 -
10-Jun-2014 25355 25426 25503 25574 25651 25722 25799 25583.69
09-Jun-2014 24922 25026 25211 25315 25500 25604 25790 25580.21
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