- The Sensex closed up 109 points at 26108.53 and the Nifty gained 31.5 points to settle at 7779.7, recovering from earlier losses in the session on fresh buying activities. - Key sectoral gainers included banks, capital goods and consumer durables, while IT was the sole loser with TCS declining 11% in its Q2 net profit. - Major index contributors were TCS, HDFC Bank, ICICI Bank and L&T, while top losers included TCS, Sesa Sterlite and Hindalco.

1. Sensex advances 109 points on fresh buying activities
Market Snapshot | 17-10-2014 04:21 PM
Following a weak start, Indian indices recovered to trade in green zone in early deals. After trading volatile for some
time, markets spurted on fresh buying activities to recuperate some losses of previous sessions. Both barometer
gauges added 0.4% ahead of the Diwali week.
The S&P BSE Sensex ended at 26108.53, up 109.19 points or 0.42%. The 30 share index touched a high and a low
of 26248.54 and 25910.77 respectively. 21 stocks advanced against 9 declining ones on the benchmark index.
The CNX Nifty gained 31.50 points or 0.41% to settle at 7779.70. The index touched high and low of 7819.20 and
7723.85 respectively. 38 stocks advanced against 11 declining ones on the index.
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1413 and 1565
respectively, while 131 scrips remained unmoved.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 9272.49 and gained 0.31% while S&P BSE Small-cap index hammered
down by 0.28% to 10313.97.
The broader S&P BSE 500 index increased to 9919.11 (up 0.42%) and CNX 500 index rose to 6255.15 (up 0.48%).
The volatility as denoted by INDIA VIX lost 0.18% at 16.40 from its previous close of 16.43 on Thursday.
Among global peers. US markets ended up on Bullard statement that the Federal Reserve should consider
extending its bond-buying program beyond October to see how the US economic outlook evolves. European markets
also traded in green zone whereas Asian markets were exhibiting mixed trades.
Sectors in action
On the BSE Sectorial front, Banks (up 2.46%), Capital Goods (up 1.86%) and Consumer Durables (up 1.81%) were
the top gainers.
Information Technology (down 4.00%) was the sole loser.
India's IT bellwether, Tata Consultancy Services recorded 11% decline in Q2 Net at Rs 4991.68 crore as compared to
Rs 5607.75 crore in the same quarter of the previous year. Tata Consultancy Services and CMC got nods from their
respective Boards for amalgamation of both the companies. TCS and CMC tanked 8.7% and 14.4% respectively on
BSE.
Hero MotoCorp jumped 3% on BSE after recording 58.56% spurt in Q2 Net at Rs 763.37 crore as compared to Rs
481.41 crore for the same quarter in the previous year.
Crompton Greaves posted a fall of 6.55% in Q2 Net at Rs 125.96 crore as compared to Rs 134.80 crore for the same
quarter in the previous year. On consolidated basis, the company’s net climbed 19.14% at Rs 69.6 crore against Rs
58.41 crore in the September quarter of previous fiscal. The stock ended 1.2% up on BSE.
The Angels and the Devils
Bharat Heavy Electricals Ltd (up 3.40%), Hero MotoCorp Ltd (up 3.05%), HDFC Bank (up 3.04%), Mahindra and
Mahindra Ltd (up 2.88%) and ICICI Bank (up 2.86%) were the top gainers on the Sensex.
Tata Consultancy Services Ltd (down 8.73%), Sesa Sterlite Ltd (down 2.76%), Hindalco Industries Ltd (down 2.24%),
Tata Motors Ltd (down 1.66%) and Wipro Ltd (down 1.08%) were the top losers on the Sensex.
Benchmark Drivers
Tata Consultancy Services Ltd (-158.09 points), HDFC Bank (58.08 points), ICICI Bank (55.76 points), Larsen And
Toubro Ltd (28.85 points) and Housing Development Finance Corporation Ltd (27.68 points) were the major Sensex
drivers today.
On the other end Tata Consultancy Services Ltd (-40.38 points), ICICI Bank (14.98 points), HDFC Bank (14.79 points),

2. On the other end Tata Consultancy Services Ltd (-40.38 points), ICICI Bank (14.98 points), HDFC Bank (14.79 points),
HCL Technologies Ltd (-12.21 points) and Larsen And Toubro Ltd (7.07 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7774 for next session. The next support is at 7729 and on upside it has a resistance at
7825 levels.
CCNNXX NNiiffttyy
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
20-Oct-2014 7634 7679 7729 7774 7825 7870 7920 -
17-Oct-2014 7523 7626 7687 7791 7852 7955 8016 7779.70
16-Oct-2014 7714 7770 7817 7872 7920 7975 8022 7748.20
S&P BSE Sensex has a pivot at 26089 with first level of support and resistance at 25930 and 26268 respectively.
SS&&PP BBSSEE SSeennsseexx
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
20-Oct-2014 25592 25752 25930 26089 26268 26427 26606 -
17-Oct-2014 25273 25604 25802 26132 26330 26660 26858 26108.53
16-Oct-2014 25852 26032 26191 26371 26529 26709 26868 25999.34
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