Indian markets ended lower amid concerns that rising oil prices would widen the current account deficit. The Oil and Gas sector slumped 3%. Global markets were mostly higher after the US Federal Reserve signaled interest rates would remain low. The rupee strengthened against the dollar following the Fed's comments. Gold prices rose briefly after the Fed lowered its growth forecast for the US economy. Railway stocks rose on plans to allow more foreign investment in the sector.

1. Markets end in red; Oil and Gas slumps 3%
Market Snapshot | 19-06-2014 04:20 PM
Tracking the optimism in global peers, Indian indices started marginally higher with Nifty at 7580. However, markets
soon reversed gears to slip into negative territory amidst the concerns over increasing oil prices that will ultimately
widen the current account deficit. Both barometer gauges continued the murky trades to settle marginally down with a
cut of 0.20%. On BSE sectorial front, Oil and Gas was the top laggard.
Among global peers, US markets spiked tracing the Fed comments of no hurry to raise rates. Central bank trimmed
bond purchases by another $10 billion as it sees the US economy to strengthen in long run. However, the Fed has cut
its growth forecast for this year. Most of the Asian and European indices also traded in positive terrain.
Back home, on currency front, Rupee traded strong against Dollar after U.S. Federal Reserve signaled that interest
rates will stay low for the time being. In futures trades, INR hit an intra-day high of 59.91/USD and an intra-day low of
60.25/USD. In spot trades, INR hit an intra-day high of 59.85/USD and an intra-day low of 60.16/USD. As per RBI
reference rates, INR stood at 60/USD.
On commodities front, the yellow metal witnessed a short recovery after Yellen slashed its forecast for US economic
growth this year. In futures trades of August expiry, Gold marked intra-day high at Rs 26955 per 10 grams and an intra-
day low at Rs 26800 per 10 grams.
On stock specific front, railway stocks accelerated up to 5% today as Government has started the exercise to relax
foreign investment norms in the sector by permitting 100% Feign Direct Investment (FDI) in high-speed train systems
and dedicated freight lines.
Public sector stocks were also in focus today as Finance Ministry is making a road map to divest stake in companies-
Sail (3.9% down), Coal India (2% down), MMTC (2.43% up), NMDC (1.11% up), NHPC (0.38% down), N Lignite and
Nalco (3% down). The Government holds around above 80% in these companies.
Sequent Scientific rallied 5% on BSE after the board nodded to raise funds up to Rs 400 crore via the issue of equity-
linked instruments like GDRs/ ADRs/ FCCBs/ QIP etc.
T he market breadth on the BSE closed in negative. Advancing and declining stocks were 1480 and 1637
respectively, while 106 scrips remained unmoved.
The S&P BSE Sensex ended at 25201.80, down 44.45 points or 0.18%. The 30 share index touched a high and a
low of 25425.85 and 25069.66 respectively. 13 stocks advanced against 17 declining ones on the benchmark index.
The CNX Nifty lost 17.50 points or 0.23% to settle at 7540.70. The index touched high and low of 7606.45 and
7502.55 respectively. 22 stocks advanced against 28 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 8997.35 and lost 0.42% while S&P BSE Small-cap index hammered
down by 0.31% to 9842.98.
The broader S&P BSE 500 index decreased to 9622.39 (down 0.35%) and CNX 500 index declined to 6064.75 (down
0.33%).
The volatility as denoted by INDIA VIX gained 0.86% at 18.74 from its previous close of 18.58 on Wednesday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 1.89%), Consumer Durables (up 0.94%) and Healthcare (up
0.59%) were the top gainers.
Oil & Gas (down 3.11%), Banks (down 0.91%) and Metals (down 0.84%) were the top losers.
The Angels and the Devils
Tata Consultancy Services Ltd (up 2.23%), Infosys Ltd (up 2.09%), Mahindra and Mahindra Ltd (up 1.41%), Wipro Ltd
(up 1.25%) and Sun Pharmaceutical Industries Ltd (up 1.09%) were the top gainers on the Sensex.

2. Oil and Natural Gas Corporation Ltd (down 5.13%), Maruti Suzuki India Ltd (down 2.48%), Reliance Industries Ltd
(down 2.38%), Coal India Ltd (down 1.94%) and GAIL (India) Ltd (down 1.88%) were the top losers on the Sensex.
Benchmark Drivers
Reliance Industries Ltd (-52.37 points), Oil and Natural Gas Corporation Ltd (-45.16 points), Infosys Ltd (38.42 points),
Tata Consultancy Services Ltd (33.84 points) and ITC Ltd (20.99 points) were the major Sensex drivers today.
On the other end Reliance Industries Ltd (-13.14 points), Oil and Natural Gas Corporation Ltd (-11.27 points), Infosys
Ltd (10.46 points), Tata Consultancy Services Ltd (8.64 points) and ITC Ltd (5.51 points) were the major Nifty movers
today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7550 for next session. The next support is at 7493 and on upside it has a resistance at
7597 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
20-Jun-2014 7389 7446 7493 7550 7597 7654 7701 -
19-Jun-2014 7347 7431 7495 7579 7642 7726 7790 7540.70
18-Jun-2014 7420 7464 7548 7593 7676 7721 7805 7558.20
S&P BSE Sensex has a pivot at 25232 with first level of support and resistance at 25039 and 25395 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
20-Jun-2014 24683 24876 25039 25232 25395 25589 25751 -
19-Jun-2014 24542 24828 25037 25323 25532 25818 26027 25201.80
18-Jun-2014 24794 24949 25235 25391 25677 25832 26118 25246.25
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