Indian markets ended slightly higher despite disappointing industrial production and inflation data. Key sectors like FMCG gained while real estate declined sharply. Several major companies reported quarterly earnings, with results varying - Coal India's profits fell substantially year-over-year while Sun Pharma swung to a large profit. The markets recovered some ground after trading lower initially on weak macroeconomic indicators.

1. Markets end in green despite nasty IIP and CPI data
Market Snapshot | 13-08-2014 04:20 PM
Indian indices made a cautious start amidst disheartening digits of IIP and CPI. Markets managed to hold their neck in
green terrain on the back of buying in blue chip stocks and positive Asian cues. However, bulls lost their way after IMD
downgraded the rain forecast. After trading in red for some time, Benchmarks recovered the lost ground to close 0.15%
up. Among BSE sectorials, FMCG was the top gainer whereas Realty slumped 5.22% to top laggards.
On the global front, US markets edged lower on geopolitical worries. On the flip side, Asian and European markets
traded in green zone tracking good macro-economic digits.
Among macro-economic developments, dashing the hopes of monetary easing by RBI, retail inflation rose more
than expectations in July. Consumer Price Index (CPI), the gauge to measure retail inflation in India accelerated by
7.96% in July 2014 as compared to 29 months low of 7.31% in June and 9.64% in the July 2013. Street had
expectations of 7.40%. June numbers were revised upwards to 7.46% from the earlier estimate of 7.31%.
Adding to the nasty CPI digits, production activity slumped in the month of June on the back of lower output of
consumer goods. India’s index of Industrial Production (IIP) decelerated to 3.4% in June from 5% in May. However the
numbers remained in the positive territory for third straight month.
Key Quarterly Results
Coal India slipped 3.2% on BSE on recording a steep fall of 66.14% in Q1FY15 Net at Rs 1202.02 crore as compared
to Rs 3550.60 crore for the same quarter in the previous year. However, on consolidated basis, company’s Net rose
8.10% to Rs 4033.28 crore for the quarter as compared to Rs 3731.04 crore in Q1FY14.
Pharmaceutical bellwether, Sun Pharmaceutical Industries rolled 2% up to hit fresh 52 week high at Rs 803.7 on BSE
on recording a turnaround in June quarter by registering a consolidated Net profit of Rs 1390.51 crore as compared to
a Net loss of Rs 1276.10 crore for the same quarter in the previous year.
Bharat Heavy Electricals tanked 6.6% on BSE as Q1 Net plunged 58.42% to Rs 193.50 crore as compared to Rs
465.43 crore for Q1 in previous year.
Essar Oil flagged new 52 week high at Rs 123 on BSE after recording a Net profit of Rs 684 crore in June quarter as
compared to a Net loss of Rs 863 crore for same period a year ago.
Bhushan Steel locked at lower circuit of 5% and marked new 52 week low at Rs 168.9 on BSE after posting a Net loss
of Rs 141.63 crore in June quarter as compared to a Net profit of Rs 76.26 crore for the quarter ended June a year
ago.
Jaiprakash Associates crashed 9.15% on BSE after posting a Net loss of Rs 80.61 crore in June quarter as compared
to a Net profit of Rs 334.51 crore for the same quarter of previous fiscal.
The market breadth on the BSE closed in negative. Advancing and declining stocks were 965 and 2102 respectively,
while 110 scrips remained unmoved.
The S&P BSE Sensex ended at 25918.95, up 38.18 points or 0.15%. The 30 share index touched a high and a low of
25972.62 and 25791.79 respectively. 14 stocks advanced against 16 declining ones on the benchmark index.
The CNX Nifty gained 12.50 points or 0.16% to settle at 7739.55. The index touched high and low of 7757.10 and
7695.70 respectively. 21 stocks advanced against 29 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 8900.75 and lost 1.71% while S&P BSE Small-cap index hammered
down by 2.37% to 9711.31.
The broader S&P BSE 500 index decreased to 9775.12 (down 0.40%) and CNX 500 index declined to 6167.20 (down
0.31%).
The volatility as denoted by INDIA VIX gained 2.15% at 13.76 from its previous close of 13.47 on Tuesday.

2. Sectors in action
On the BSE Sectorial front, FMCG (up 2.22%), Information Technology (up 0.76%) and Healthcare (up 0.75%) were
the top gainers.
Real Estate (down 5.22%), Capital Goods (down 2.65%) and Consumer Durables (down 2.18%) were the top losers.
The Angels and the Devils
ITC Ltd (up 2.72%), Hindustan Unilever Ltd (up 2.49%), Housing Development Finance Corporation Ltd (up 2.26%),
Sun Pharmaceutical Industries Ltd (up 2.09%) and Wipro Ltd (up 0.98%) were the top gainers on the Sensex.
Bharat Heavy Electricals Ltd (down 6.57%), Coal India Ltd (down 3.18%), Hindalco Industries Ltd (down 3.04%), Tata
Power Company Ltd (down 2.64%) and State Bank of India (down 2.50%) were the top losers on the Sensex.
Benchmark Drivers
ITC Ltd (60.52 points), Housing Development Finance Corporation Ltd (43.14 points), Larsen And Toubro Ltd (-33.32
points), State Bank of India (-23.45 points) and Hindustan Unilever Ltd (21.70 points) were the major Sensex drivers
today.
On the other end ITC Ltd (16.55 points), Housing Development Finance Corporation Ltd (11.96 points), Larsen And
Toubro Ltd (-8.60 points), State Bank of India (-5.87 points) and Hindustan Unilever Ltd (5.58 points) were the major
Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7731 for next session. The next support is at 7704 and on upside it has a resistance at
7766 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
14-Aug-2014 7643 7669 7704 7731 7766 7792 7827 -
13-Aug-2014 7595 7625 7676 7706 7757 7787 7838 7739.55
12-Aug-2014 7568 7583 7605 7620 7641 7657 7678 7727.05
S&P BSE Sensex has a pivot at 25894 with first level of support and resistance at 25816 and 25997 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
14-Aug-2014 25635 25714 25816 25894 25997 26075 26178 -
13-Aug-2014 25457 25551 25716 25811 25975 26070 26234 25918.95
12-Aug-2014 25337 25387 25453 25503 25569 25620 25686 25880.77
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