Indian markets opened cautiously but turned positive, with the Nifty closing at 7891, up 0.2%. Key factors influencing the market included positive foreign inflows, the Fed minutes suggesting an early US rate hike if jobs improve, and specific stock upgrades. The rupee weakened against the dollar. Top sector gainers were consumer durables, banks and automobiles, while real estate, metals and power declined. Specific stocks like Titan and Sterlite gained on positive news, while NTPC and Hindalco fell.

1. Markets resume 'green' streak; Nifty @7891
Market Snapshot | 21-08-2014 04:35 PM
Following a cautious start, Indian markets jumped to trade higher in the green zone. Markets continued to trade in
positive terrain on the reports of good foreign inflows. In noon trades, markets dipped once to mark intraday low but
soon bounced back to trade above water. Benchmarks ended 0.2% up with Nifty at 7891. On BSE sectorial front,
Consumer Durables was the top gainer.
Among global counterparts, most of the US markets managed a green close following the release of Federal
Reserve's monetary policy meeting minutes. On the other hand, Asian indices were trading mixed amidst disappointing
manufacturing digits from China.
Back home, on the currency front, Rupee weekend against Dollar as the Fed move may cause reduction in flow of
funds to emerging markets.
On commodities turf, Gold traded lower today as the Fed minutes suggested an early rate hike if the job markets will
show persistent improvement.
On stock specific front, country’s consumer durable major, Titan Company Ltd zoomed 6% to make new 52 week
high of Rs 370.4 on BSE after foreign brokerage firm Morgan Stanley upgraded the stock to ‘over-weight’ from ‘under-
weight’ with a raised target price of Rs 420 per share from Rs 330 per share.
Sterlite Technologies locked at upper circuit of 5% on BSE as the company expects to be benefited by the Digital India
plan that has been approved by the Government yesterday.
Claris Lifesciences climbed 3.56% on BSE on getting MHRAapproval for its newly commissioned plant which will help
the company in enhancing capacities to grow in the regulated markets.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1772 and 1401 respectively,
while 117 scrips remained unmoved.
The S&P BSE Sensex ended at 26360.11, up 45.82 points or 0.17%. The 30 share index touched a high and a low of
26464.80 and 26262.52 respectively. 15 stocks advanced against 15 declining ones on the benchmark index.
The CNX Nifty gained 15.80 points or 0.20% to settle at 7891.10. The index touched high and low of 7919.65 and
7855.95 respectively. 24 stocks advanced against 26 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 9320.55 and gained 0.48% while S&P BSE Small-cap index jumped up by
0.34% to 10298.50.
The broader S&P BSE 500 index increased to 10059.79 (up 0.26%) and CNX 500 index rose to 6339.35 (up 0.28%).
The volatility as denoted by INDIA VIX gained 0.51% at 13.73 from its previous close of 13.66 on Wednesday.
Sectors in action
On the BSE Sectorial front, Consumer Durables (up 3.78%), Banks (up 1.18%) and Automobile (up 0.79%) were the
top gainers.
Real Estate (down 1.91%), Metals (down 1.35%) and Power (down 0.99%) were the top losers.
The Angels and the Devils
Bajaj Auto Ltd (up 3.15%), State Bank of India (up 2.27%), HDFC Bank (up 1.35%), Mahindra and Mahindra Ltd (up
1.34%) and Sun Pharmaceutical Industries Ltd (up 1.28%) were the top gainers on the Sensex.
NTPC Ltd (down 1.86%), Sesa Sterlite Ltd (down 1.73%), Tata Steel Ltd (down 1.62%), Dr. Reddys Laboratories Ltd
(down 1.52%) and Hindalco Industries Ltd (down 1.36%) were the top losers on the Sensex.

2. Benchmark Drivers
HDFC Bank (24.59 points), State Bank of India (21.15 points), Larsen And Toubro Ltd (13.83 points), Housing
Development Finance Corporation Ltd (-12.58 points) and Bajaj Auto Ltd (11.52 points) were the major Sensex drivers
today.
On the other end HDFC Bank (6.68 points), State Bank of India (5.14 points), Larsen And Toubro Ltd (3.77 points),
Housing Development Finance Corporation Ltd (-3.45 points) and Sun Pharmaceutical Industries Ltd (3.14 points)
were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7889 for next session. The next support is at 7858 and on upside it has a resistance at
7922 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
22-Aug-2014 7794 7825 7858 7889 7922 7953 7986 -
21-Aug-2014 7793 7829 7852 7887 7911 7946 7969 7891.10
20-Aug-2014 7842 7862 7880 7899 7917 7936 7954 7875.30
S&P BSE Sensex has a pivot at 26362 with first level of support and resistance at 26260 and 26462 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
22-Aug-2014 26058 26160 26260 26362 26462 26565 26665 -
21-Aug-2014 26000 26139 26226 26365 26453 26592 26680 26360.11
20-Aug-2014 26219 26304 26362 26446 26505 26589 26648 26314.29
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