Markets edge 0.3% up tracking upbeat May FDI digits

1. Markets edge 0.3% up tracking upbeat May FDI digits
Market Snapshot | 18-07-2014 04:20 PM
Indian indices made a pessimistic start tracing the renewed geopolitical concerns between Russia and Ukraine.
Sentiments turned sanguine in noon trades on the back of jump in May FDI numbers to 8 month highs. Benchmarks
continued to trade in green zone to settle 0.31% up with Nifty at 7664. On BSE sectorial front, IT rose to the occasion
driven by robust TCS Q1 numbers.
Among global peers, US, European and Asian markets traded in red after a Malaysian Airlines jet crashed near the
Ukraine-Russia border.
Back home, on currency front, Rupee traded weak against Dollar and had hit one month low in early deals. In futures
trades, INR hit an intra-day high of 60.34/USD and an intra-day low of 60.61/USD. In spot trades, INR hit an intra-day
high of 60.24/USD and an intra-day low of 60.46/USD. As per RBI reference rates, INR stood at 60.33/USD.
On commodities front, the yellow metal weakend as dollar slumped tracking Russia-Ukraine crisis. In futures trades
of August expiry, Gold marked an intra-day high at Rs 28179 per 10 grams and an intra-day low at Rs 27956 per 10
grams.
On macro-economic front, in a positive sign, Foreign direct investment (FDI) digits for the month of May climbed to
8-month high at $3.6 billion as compared to $1.63 billion in the same month of previous year. During the April-May
FY15, FDI jumped by 34% to $5.30 billion from $3.95 billion recorded in the corresponding period of the previous
fiscal.
On stock-specific front, Government of India is planning to offload its stake in over a dozen public sector undertaking
in the current fiscal year. Government is expecting to fetch Rs 43325 crore through selling stake in big and medium run
PSUs. Consequently, most of the PSU stocks closed in negative zone.
Wipro crept 1.8% up on entering into a strategic alliance with Alberta-based ATCO to provide total outsourcing
solutions to ATCO in Canada and Australia.
Seamec gained 1.7% on BSE on being awarded a Letter of Intent (LOI) by Oil and Natural Gas Corporation (1.22%
down) worth $15.26 million.
Key Quarterly Results
Tata Consultancy Services (TCS) soared 2.6% on BSE after its Q1FY15 Net spiked 47.23% at Rs 5096.87 crore as
compared to Rs 3461.89 crore for the same quarter of previous fiscal. On consolidated basis, group’s Net climbed 45%
at Rs 5567.68 crore for the quarter as compared to Rs 3839.50 crore for Q1FY14.
MindTree ended marginally up on BSE despite 4.36% fall in Q1FY15 Net at Rs 129.4 crore as compared to Rs 135.30
crore for corresponding quarter in previous year.
Bajaj Holdings & Investment gained 1.3% on BSE as its Q1FY15 consolidated Net jumped 33.02% at Rs 147.61 crore
as compared to Rs 110.96 crore for corresponding quarter of the previous fiscal. On standalone basis, company’s Net
grew 33.02% at Rs 147.61 crore for the quarter as compared to Rs 110.96 crore for Q1FY14.
T he market breadth on the BSE closed in negative. Advancing and declining stocks were 1522 and 1562
respectively, while 117 scrips remained unmoved.
The S&P BSE Sensex ended at 25641.56, up 80.40 points or 0.31%. The 30 share index touched a high and a low of
25713.40 and 25441.24 respectively. 13 stocks advanced against 17 declining ones on the benchmark index.
The CNX Nifty gained 23.45 points or 0.31% to settle at 7663.90. The index touched high and low of 7685.00 and
7595.50 respectively. 20 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 9252.80 and lost 0.42% while S&P BSE Small-cap index hammered
down by 0.12% to 10180.84.
The broader S&P BSE 500 index increased to 9809.49 (up 0.04%) and CNX 500 index rose to 6184.55 (up 0.08%).

2. The volatility as denoted by INDIA VIX gained 0.87% at 15.10 from its previous close of 14.97 on Thursday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 1.43%), Banks (up 0.77%) and Capital Goods (up 0.42%)
were the top gainers.
Power (down 1.34%), Consumer Durables (down 0.88%) and Real Estate (down 0.88%) were the top losers.
The Angels and the Devils
Hero MotoCorp Ltd (up 2.62%), Tata Consultancy Services Ltd (up 2.58%), Axis Bank (up 2.10%), ICICI Bank (up
1.97%) and Wipro Ltd (up 1.83%) were the top gainers on the Sensex.
Tata Power Company Ltd (down 2.58%), Hindalco Industries Ltd (down 2.23%), Bharat Heavy Electricals Ltd (down
2.10%), Maruti Suzuki India Ltd (down 1.70%) and GAIL (India) Ltd (down 1.69%) were the top losers on the Sensex.
Benchmark Drivers
Tata Consultancy Services Ltd (41.59 points), ICICI Bank (37.89 points), Larsen And Toubro Ltd (16.93 points), Axis
Bank (15.60 points) and State Bank of India (-13.99 points) were the major Sensex drivers today.
On the other end Tata Consultancy Services Ltd (10.10 points), ICICI Bank (10.01 points), Housing Development
Finance Corporation Ltd (4.60 points), Larsen And Toubro Ltd (4.25 points) and State Bank of India (-3.87 points) were
the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7648 for next session. The next support is at 7611 and on upside it has a resistance at
7701 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
21-Jul-2014 7522 7559 7611 7648 7701 7738 7790 -
18-Jul-2014 7574 7593 7617 7636 7660 7679 7703 7663.90
17-Jul-2014 7450 7491 7558 7599 7666 7707 7773 7640.45
S&P BSE Sensex has a pivot at 25599 with first level of support and resistance at 25484 and 25756 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
21-Jul-2014 25212 25327 25484 25599 25756 25871 26028 -
18-Jul-2014 25381 25438 25499 25556 25618 25675 25737 25641.56
17-Jul-2014 24974 25110 25330 25466 25686 25822 26042 25561.16
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