The markets ended 0.5% higher led by gains in the information technology, power and automobile sectors. Positive global cues and strong July FDI numbers boosted investor sentiment. The Sensex closed at 26631.29, up 138.78 points while the Nifty gained 42.60 points to settle at 7975.50. Major contributors to the indices' gains were Infosys, TCS, Reliance Industries and Tata Motors.

1. Markets end 0.5% higher on positive global cues
Market Snapshot | 17-09-2014 04:20 PM
To resume the winning streak after 2-day southward journey, Indian markets made a jubilant start with Sensex above
26500. Optimism on global front coupled with ecstatic July FDI numbers held benchmarks in positive terrain. Both
barometer gauges added over half-a-percent to end near intra-day highs.
The S&P BSE Sensex ended at 26631.29, up 138.78 points or 0.52%. The 30 share index touched a high and a low
of 26682.64 and 26511.71 respectively. 20 stocks advanced against 10 declining ones on the benchmark index.
The CNX Nifty gained 42.60 points or 0.54% to settle at 7975.50. The index touched high and low of 7990.65 and
7936.95 respectively. 35 stocks advanced against 15 declining ones on the index.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1617 and 1553 respectively,
while 120 scrips remained unmoved.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 9683.92 and gained 0.25% while S&P BSE Small-cap index jumped up by
0.31% to 10829.84.
The broader S&P BSE 500 index increased to 10222.02 (up 0.43%) and CNX 500 index rose to 6442.50 (up 0.49%).
The volatility as denoted by INDIA VIX lost 2.48% at 12.95 from its previous close of 13.28 on Tuesday.
Among global peers, US markets climbed pushing Dow Jones Industrial Average to an intraday record high amidst
optimism about the Fed interest rate move. Tracing positive handover from Wall-Street, Asian and European markets
were too trading higher.
On macro-economic front, Government’s big efforts to catch foreign investor’s eyes are finally reflected in form of
the massive numbers for July. According to a report of Department of Industrial Policy and Promotion, FDI flows in India
more than doubled to $3.5 billion in July, as compared to $1.65 billion in the same month last year. During April-July
period the foreign inflows grew by 52% to $10.73 billion as compared to $7.05 billion in the corresponding period last
year.
Sectors in action
On the BSE Sectorial front, Information Technology (up 1.52%), Power (up 1.35%) and Automobile (up 1.02%) were
the top gainers.
Consumer Durables (down 1.06%) and Banks (down 0.04%) were the top losers.
Among stock-specific developments, sugar stocks slumped up to 5.5% on speculations that Government may take
a decision to sell surplus sugar for the fifth consecutive year despite of heavy rainfall in key growing areas.
Ramky Infrastructure zoomed 7.3% on BSE as Ajay Piramal group has reportedly emerged as the front runner to
purchase company’s three highway projects.
Cairn India jumped 1.4% on BSE after announcing three new oil discoveries in Rajasthan block in Block RJ-ON-90/1,
taking the total number of discoveries in the block to 36.
The Angels and the Devils
Dr. Reddys Laboratories Ltd (up 2.52%), Infosys Ltd (up 2.29%), Tata Power Company Ltd (up 2.21%), Bharat Heavy
Electricals Ltd (up 2.18%) and Tata Steel Ltd (up 1.78%) were the top gainers on the Sensex.
Cipla Ltd (down 1.60%), Coal India Ltd (down 1.26%), Sun Pharmaceutical Industries Ltd (down 0.70%), HDFC Bank
(down 0.44%) and Hindustan Unilever Ltd (down 0.40%) were the top losers on the Sensex.
Benchmark Drivers
Infosys Ltd (47.07 points), Tata Consultancy Services Ltd (22.67 points), Reliance Industries Ltd (15.44 points), Tata
Motors Ltd (14.83 points) and Dr. Reddys Laboratories Ltd (11.13 points) were the major Sensex drivers today.

2. On the other end Infosys Ltd (12.71 points), Tata Consultancy Services Ltd (6.88 points), Reliance Industries Ltd (4.77
points), Tata Motors Ltd (3.71 points) and Dr. Reddys Laboratories Ltd (2.67 points) were the major Nifty movers
today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7968 for next session. The next support is at 7945 and on upside it has a resistance at
7998 levels.
CCNNXX NNiiffttyy
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
18-Sep-2014 7891 7914 7945 7968 7998 8021 8052 -
17-Sep-2014 7771 7848 7890 7968 8010 8087 8130 7975.50
16-Sep-2014 7975 8002 8022 8050 8070 8097 8117 7932.90
S&P BSE Sensex has a pivot at 26609 with first level of support and resistance at 26534 and 26705 respectively.
SS&&PP BBSSEE SSeennsseexx
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
18-Sep-2014 26364 26438 26534 26609 26705 26779 26876 -
17-Sep-2014 25953 26209 26351 26606 26748 27003 27145 26631.29
16-Sep-2014 26532 26661 26739 26869 26946 27076 27153 26492.51
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