Markets shoot 0.8% up; global cues & inflation data weigh

1. Markets shoot 0.8% up; global cues & inflation data weigh
Market Snapshot | 14-02-2014 04:21 PM
Indian equity indices soared on firm domestic and global cues. Sensex shot up 173 points on robust WPI numbers,
amid encouraging trades globally. The rally was not secular as market breadth was negative on BSE. Auto giants,
Tata Motor (TML) & Bajaj Auto (BAL) traded in diametrically opposite sides. TML topped the Sensex gainers whereas
BAL led the Sensex losers. IT Index topped the charts among BSE sectorials.
On Macro-economic front, following CPI easing, headline inflation too slowed remarkably to 8 months low level in
January. Wholesale Price Index (WPI), termed as India’s main inflation gauge, eased to 5.05% in January as compared
to 6.16% in December and 7.31% during the corresponding month of the previous fiscal. Like CPI, the main reason of
decline in WPI digits was the fall in food prices. Rising Core inflation is still a concern that may prevent RBI to effect a
rate cut needed to boost IIP. (Read More)
Moving further, UPA II got a rejoicing response of 2G telecom spectrum auction. Government fetched a huge sum of
Rs 61162 crore from 2G Spectrum auction that went 10 days and 68 rounds of fierce bidding. The Government had an
estimate of about Rs 41000 crore. (What’s Hot)
On stock-specific front, Reliance Industries shined 1.75% on BSE after company’s telecom arm Reliance Jio Infocomm
(RJIL) acquired rights to use spectrum in 14 key circles across India in the 1800 MHz band. (Read More)
Key Quarterly Results
Country’s biggest public sector bank, State Bank of India slipped 1.65% on BSE after posting 34.2% dip in Q3FY14
Net at Rs 2234.3 crore as compared to Rs 3396 crore in corresponding quarter of the previous year. On the
consolidated basis, the group’s Net plunged 39% to Rs 2838.62 crore as compared to Rs 4648.44 crore for Q3FY13.
(Result)
PSU major, Oil & Natural Gas Corporation (ONGC) shined 0.60% on BSE on recording 28.10% rise in Q3 Net at Rs
7126 crore, as compared to Rs 5562.72 crore for the same quarter in the previous year. (Featured Result)
Multi Commodity Exchange of India (MCX) spiked 2.6% on BSE despite registering a steep fall of 71.23% in Q3 Net
at Rs 21.83 crore as compared to Rs 75.87 crore for the same quarter in the previous year. (Result)
Automobile major, Mahindra & Mahindra recorded 11.7% rise in Q3 Net at Rs 934 crore as compared to Rs 836.29
crore for the same quarter in the previous year. The stock ended marginally down on BSE. (Read More)
Housing Development and Infrastructure Ltd (HDIL) dropped 2.65% on BSE on posting a steep decline of 83.55% in
Q3FY14 Net at Rs 20.66 crore for the quarter as compared to Rs 125.62 crore for the same quarter in the previous
year. On the consolidated basis, the group’s Net tanked 95.25% to Rs 5.10 crore for the quarter as compared to Rs
107.35 crore for Q3FY13. (Read More)
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1270 and 1396
respectively, while 162 scrips remained unmoved.
The S&P BSE Sensex ended at 20366.82, up 173.47 points or 0.86%. The 30 share index touched a high and a low
of 20391.95 and 20149.01 respectively. 21 stocks advanced against 9 declining ones on the benchmark index.
The CNX Nifty gained 47.25 points or 0.79% to settle at 6048.35. The index touched high and low of 6056.40 and
5984.60 respectively. 37 stocks advanced against 13 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved up to 6311.88 and gained 0.11% while S&P BSE Small-cap index hammered
down by 0.04% to 6279.69.
The broader S&P BSE 500 index increased to 7450.40 (up 0.57%) and CNX 500 index rose to 4677.80 (up 0.60%).
The volatility as denoted by INDIA VIX lost 6.40% at 16.66 from its previous close of 17.80 on Thursday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 1.39%), Oil & Gas (up 1.21%) and Consumer Durables (up

2. On the BSE Sectorial front, Information Technology (up 1.39%), Oil & Gas (up 1.21%) and Consumer Durables (up
0.94%) were the top gainers.
Healthcare (down 0.12%) was the top loser.
The Angels and the Devils
Tata Motors Ltd (up 3.25%), GAIL (India) Ltd (up 2.56%), Reliance Industries Ltd (up 1.74%), HDFC Bank (up 1.72%)
and Infosys Ltd (up 1.65%) were the top gainers on the Sensex.
Bajaj Auto Ltd (down 3.42%), Bharat Heavy Electricals Ltd (down 2.21%), Cipla Ltd (down 2.01%), Hero MotoCorp Ltd
(down 1.79%) and State Bank of India (down 1.64%) were the top losers on the Sensex.
Benchmark Drivers
Infosys Ltd (33.49 points), Reliance Industries Ltd (28.96 points), Tata Motors Ltd (25.17 points), HDFC Bank (24.22
points) and Tata Consultancy Services Ltd (22.15 points) were the major Sensex drivers today.
On the other end Infosys Ltd (8.28 points), Reliance Industries Ltd (7.55 points), Tata Motors Ltd (6.63 points), Tata
Consultancy Services Ltd (5.82 points) and HDFC Bank (5.17 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6030 for next session. The next support is at 6003 and on upside it has a resistance at
6075 levels.
CNX Nifty
Eff. Date
17-Feb-2014
14-Feb-2014
13-Feb-2014
S3
5931
5860
6043
S2
5958
5926
6060
S1
6003
5963
6072
PIVOT
6030
6029
6089
R1
6075
6067
6101
R2
6102
6132
6119
R3
6147
6170
6130
Actual Close
6048.35
6001.10
S&P BSE Sensex has a pivot at 20303 with first level of support and resistance at 20213 and 20456 respectively.
S&P BSE Sensex
Eff. Date
17-Feb-2014
14-Feb-2014
13-Feb-2014
S3
19970
19732
20322
Follow us on
S2
20060
19948
20375
S1
20213
20071
20412
PIVOT
20303
20287
20464
R1
20456
20410
20501
R2
20546
20626
20553
R3
20699
20749
20590
Actual Close
20366.82
20193.35
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