After yesterday’s jubilation, Indian indices made marginally higher start and marked another record highs at 22853.03 and 6831.75, taking support from firm global cues. However, cautiousness with regards to general elections dragged benchmarks later. Choppy markets pared early gains and settled flat. On BSE sectorial front, Metal index lost shine whereas Capital Goods continued to edge higher.

1. Sensex ends flat after hitting another life time high
Market Snapshot | 22-04-2014 04:22 PM
After yesterday’s jubilation, Indian indices made marginally higher start and marked another record highs at 22853.03
and 6831.75, taking support from firm global cues. However, cautiousness with regards to general elections dragged
benchmarks later. Choppy markets pared early gains and settled flat. On BSE sectorial front, Metal index lost shine
whereas Capital Goods continued to edge higher.
Among global peers, US markets jumped with S&P 500 marking its longest winning streak in past six months on the
back of robust macro data indicating that economic strength improved the most in March in four months. Tracking
positive lead from Wall-Street, Asian and European indices also traded in positive terrain.
Back home, on currency front, Rupee continued the southward trades against Dollar and hit one month low today
amidst the increasing Dollar demands. In futures trades, INR hit an intra-day high of 60.66/USD and an intra-day low of
60.91/USD. In spot trades, INR hit an intra-day high of 60.6/USD and an intra-day low of 60.86/USD. As per RBI
reference rates, INR stood at 60.71/USD.
On stock-specific front, IL&FS Engineering and Construction Company jumped 10% and marked fresh 52 week high
at Rs 50.9 on BSE after its subsidiary - Maytas Infra Saudi Arabia Company (MISA) received a Letter of Award (LoA)
from Saudi Binladin Group for Road Drainage Works in Kingdom of Saudi Arabia (KSA). The total value of the contract
is approximately Rs 268 crore.
Gujarat Gas Company tanked 8.6% on BSE after the Board approved amalgamation between the company and its four
subsidiaries Gujarat Gas Financial Services (GFSL), Gujarat Gas Trading Company (GTCL), GSPC Gas Company
(GSPC Gas) and GSPC Distribution Networks (GDNL).
Key Quarterly Results
Banking major, HDFC Bank climbed 1.36% on BSE as the company’s Q4FY14 Net jumped 23.11% at Rs 2326.5 crore
as compared to Rs 1889.8 crore in Q4 of previous fiscal.
MRF slumped 7.14% on BSE as the company registered a fall of 18.87% in Q4FY14 Net at Rs 170.87 crore as
compared to Rs 210.61 crore for the same quarter in the previous year.
Hindustan Zinc ended marginally down on BSE on posting 13.14% fall in Q4FY14 Net at Rs 1881.20 crore as
compared to Rs 2165.81 crore for the same quarter in the previous year. However, in FY14, company’s Net grew
marginally by 0.07% at Rs 6904.62 crore as compared to Rs 6899.48 crore for FY13.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1588 and 1361 respectively,
while 149 scrips remained unmoved.
The S&P BSE Sensex ended at 22758.37, down 6.46 points or 0.03%. The 30 share index touched a high and a low
of 22853.03 and 22727.63 respectively. 12 stocks advanced against 18 declining ones on the benchmark index.
The CNX Nifty lost 2.30 points or 0.03% to settle at 6815.35. The index touched high and low of 6838.00 and 6806.25
respectively. 18 stocks advanced against 31 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 7386.17 and lost 0.15% while S&P BSE Small-cap index jumped up by
0.01% to 7629.10.
The broader S&P BSE 500 index decreased to 8485.31 (down 0.03%) and CNX 500 index declined to 5346.60 (down
0.01%).
The volatility as denoted by INDIA VIX lost 3.00% at 33.36 from its previous close of 34.39 on Monday.
Sectors in action
On the BSE Sectorial front, Capital Goods (up 1.19%), Oil & Gas (up 1.15%) and Consumer Durables (up 0.27%)
were the top gainers.
Metals (down 0.79%), Information Technology (down 0.55%) and FMCG (down 0.46%) were the top losers.

2. The Angels and the Devils
Larsen And Toubro Ltd (up 1.65%), GAIL (India) Ltd (up 1.41%), HDFC Bank (up 1.36%), Hindalco Industries Ltd (up
0.94%) and Oil and Natural Gas Corporation Ltd (up 0.94%) were the top gainers on the Sensex.
Sesa Sterlite Ltd (down 4.01%), Wipro Ltd (down 2.80%), State Bank of India (down 1.03%), Infosys Ltd (down 0.99%)
and Maruti Suzuki India Ltd (down 0.90%) were the top losers on the Sensex.
Benchmark Drivers
HDFC Bank (21.52 points), Larsen And Toubro Ltd (20.96 points), Reliance Industries Ltd (18.19 points), Infosys Ltd (-
17.60 points) and ITC Ltd (-14.73 points) were the major Sensex drivers today.
On the other end HDFC Bank (6.39 points), Larsen And Toubro Ltd (6.01 points), Infosys Ltd (-4.73 points), ITC Ltd (-
4.43 points) and Reliance Industries Ltd (4.35 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6820 for next session. The next support is at 6802 and on upside it has a resistance at
6833 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
23-Apr-2014 6770 6788 6802 6820 6833 6852 6865 -
22-Apr-2014 6756 6771 6795 6810 6833 6849 6872 6815.35
21-Apr-2014 6616 6650 6715 6749 6814 6848 6912 6817.65
S&P BSE Sensex has a pivot at 22780 with first level of support and resistance at 22706 and 22832 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
23-Apr-2014 22581 22654 22706 22780 22832 22905 22957 -
22-Apr-2014 22510 22574 22669 22732 22828 22891 22987 22758.37
21-Apr-2014 22075 22193 22411 22530 22748 22866 23084 22764.83
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