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.
Following a choppy trading through most of the day, Sensex closed marginally in green amidst Narendra Modi’s election as the leader of BJP Parliamentary Party by none other than party veteran, Lal Krishna Advani. Nifty ended 12 points up, thereby making yet another record closing high, just above 7275. This is fourth straight ‘green’ closing witnessed by key benchmarks.
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.
Following a choppy trading through most of the day, Sensex closed marginally in green amidst Narendra Modi’s election as the leader of BJP Parliamentary Party by none other than party veteran, Lal Krishna Advani. Nifty ended 12 points up, thereby making yet another record closing high, just above 7275. This is fourth straight ‘green’ closing witnessed by key benchmarks.
The CNX Nifty gained 30.95 points or 0.53% to settle at 5867.90. The index touched high and low of 5900.45 and 5858.45 respectively. 30 stocks advanced against 19 declining ones on the index.
Day gone by: Nifty rallies 0.89% past 58K. IT drags on weak Wipro guidance. Sensex rallies 150+ points on global cues. Wipro crashes 8%. CIL top gainer. Gold loan provider surges.Shares of Swaraj Engines skywards on dividend bonanza
Following yesterday’s massive gains, Indian indices started on a cautious note despite firm global cues. Markets remained weak amidst choppy trades on profit booking by investors. Strengthening Rupee to the level of 63.35/USD persuaded benchmarks to recuperate the losses and closed flat.
On the July F&O expiry day, Indian markets made a weak start backed by negative global cues. Benchmarks crawled around the previous close for most of the day. However, in noon trades, markets slipped into negative terrain and settled at the intra-day low levels. Sensex lost 192 points to end below 26K milestone and Nifty slumped 0.9% to close at 7721. On BSE sectorial front, Power topped the laggards.
Indian equity benchmarks zoomed over 1% on the back of supportive global cues. Sentiments turned bullish for index heavyweights persuading Nifty to breach its psychological barrier of 6000, a level last seen on January 31 on closing basis. FMCG and rate sensitive indices topped the charts on sectorial front.
The CNX Nifty gained 30.95 points or 0.53% to settle at 5867.90. The index touched high and low of 5900.45 and 5858.45 respectively. 30 stocks advanced against 19 declining ones on the index.
Day gone by: Nifty rallies 0.89% past 58K. IT drags on weak Wipro guidance. Sensex rallies 150+ points on global cues. Wipro crashes 8%. CIL top gainer. Gold loan provider surges.Shares of Swaraj Engines skywards on dividend bonanza
Following yesterday’s massive gains, Indian indices started on a cautious note despite firm global cues. Markets remained weak amidst choppy trades on profit booking by investors. Strengthening Rupee to the level of 63.35/USD persuaded benchmarks to recuperate the losses and closed flat.
On the July F&O expiry day, Indian markets made a weak start backed by negative global cues. Benchmarks crawled around the previous close for most of the day. However, in noon trades, markets slipped into negative terrain and settled at the intra-day low levels. Sensex lost 192 points to end below 26K milestone and Nifty slumped 0.9% to close at 7721. On BSE sectorial front, Power topped the laggards.
Indian equity benchmarks zoomed over 1% on the back of supportive global cues. Sentiments turned bullish for index heavyweights persuading Nifty to breach its psychological barrier of 6000, a level last seen on January 31 on closing basis. FMCG and rate sensitive indices topped the charts on sectorial front.
Sluggish global cues dragged Indian indices lower at start. Choppy markets continued the southward journey till afternoon. Subsequently benchmarks erased losses in noon trades to end flat. On sectorial front, Bankex was the top laggard whereas Healthcare index hits record high.
Day gone by: Markets end in red for third straight session as L&T Q4 losses disappoints street. Nifty ends below 6100. Oil& Gas stocks tank on proposed pricing policy. Global markets in green as US & Japan hinted for continuing stimulus
Tracing the firm global cues, bulls kick started the day northwards on D-Street. Sentiment remained upbeat as World Bank stated that Indian economy has come back on growth track and is likely to grow by 5.6% in FY15. Benchmarks climbed 0.45% to end day near intraday highs ahead of a crucial 2-day Fed meet about the wrapping up of the bond buying program and interest rate direction.
1. 'Modi rally' buoys Nifty to shoot past 6600 ahead of F&O expiry
Market Snapshot | 26-03-2014 04:22 PM
Bullish benchmarks resumed the pre-election rally with a gap up start. Jubilant global cues pushed Sensex and Nifty to
knock their respective life-time highs at 22172 and 6627.45 respectively for the third consecutive session. However, in
late noon deals, markets pared some gains and ended marginally in green with Nifty at 6601 as investors opted to
square off their positions on the penultimate day of F&O expiry. On BSE sectorial front, HealthCare index was the top
loser.
Among global peers, US markets traded in positive terrain buoyed by stronger-than-expected consumer confidence
data that reached its highest level in six years. Additionally, Asian & European markets were also trading on optimistic
note.
Back home, on currency front, Rupee continued the northward journey against Dollar on buoyancy in domestic
equity markets. In futures trades, INR hit an intra-day high of 60.11/USD and an intra-day low of 60.39/USD. In spot
trades, INR hit an intra-day high of 60.11/USD and an intra-day low of 60.32/USD. As per RBI reference rate, INR
stood at 60.17/USD.
Smart movers
SREI Infrastructure Finance soared 12.1% on BSE on receiving Certificate of Authorization from Reserve Bank of
India (RBI) to set-up own and operate payment system for White Label ATMs (WLAs). (Read More)
Oberoi Realty rallied 9.7% on BSE on being the highest bidder at the auction of Tata Steel’s 25 acres of land parcel
located on the Western Express Highway in Borivali (East). (Read More)
Sintex Industries gained 2.9% on BSE after company’s Board nodded to disinvest its entire equity stake in Zep
Infratech, the Wholly Owned subsidiary of the Company to Khadayata Decor. (Read More)
T he market breadth on the BSE closed in negative. Advancing and declining stocks were 1350 and 1660
respectively, while 150 scrips remained unmoved.
The S&P BSE Sensex ended at 22095.30, up 40.09 points or 0.18%. The 30 share index touched a high and a low of
22172.20 and 22020.58 respectively. 16 stocks advanced against 14 declining ones on the benchmark index.
The CNX Nifty gained 11.65 points or 0.18% to settle at 6601.40. The index touched high and low of 6627.45 and
6580.60 respectively. 28 stocks advanced against 22 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 6868.07 and gained 0.38% while S&P BSE Small-cap index hammered
down by 0.07% to 6848.39.
The broader S&P BSE 500 index increased to 8118.86 (up 0.22%) and CNX 500 index rose to 5114.70 (up 0.23%).
The volatility as denoted by INDIA VIX gained 5.02% at 17.77 from its previous close of 16.92 on Tuesday.
Sectors in action
On the BSE Sectorial front, Metals (up 2.70%), Capital Goods (up 1.35%) and Oil & Gas (up 1.14%) were the top
gainers.
Healthcare (down 1.82%), Consumer Durables (down 1.37%) and Information Technology (down 0.90%) were the top
losers.
The Angels and the Devils
Sesa Sterlite Ltd (up 4.23%), Hindalco Industries Ltd (up 3.77%), Tata Motors Ltd (up 2.70%), Coal India Ltd (up
2.35%) and Larsen And Toubro Ltd (up 2.15%) were the top gainers on the Sensex.
Dr. Reddys Laboratories Ltd (down 3.13%), Sun Pharmaceutical Industries Ltd (down 2.23%), Tata Consultancy
Services Ltd (down 2.21%), Mahindra and Mahindra Ltd (down 1.63%) and Cipla Ltd (down 1.07%) were the top
losers on the Sensex.
2. Benchmark Drivers
Tata Consultancy Services Ltd (-32.28 points), Larsen And Toubro Ltd (25.91 points), ITC Ltd (-24.81 points),
Reliance Industries Ltd (23.81 points) and Tata Motors Ltd (21.77 points) were the major Sensex drivers today.
On the other end Tata Consultancy Services Ltd (-9.06 points), Larsen And Toubro Ltd (6.61 points), Reliance
Industries Ltd (6.13 points), ITC Ltd (-6.04 points) and Tata Motors Ltd (5.57 points) were the major Nifty movers
today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6603 for next session. The next support is at 6579 and on upside it has a resistance at
6626 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
27-Mar-2014 6532 6556 6579 6603 6626 6650 6673 -
26-Mar-2014 6507 6526 6558 6577 6609 6627 6659 6601.40
25-Mar-2014 6451 6481 6532 6562 6613 6643 6694 6589.75
S&P BSE Sensex has a pivot at 22096 with first level of support and resistance at 22020 and 22171 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
27-Mar-2014 21868 21944 22020 22096 22171 22248 22323 -
26-Mar-2014 21792 21854 21955 22017 22118 22180 22281 22095.30
25-Mar-2014 21650 21739 21897 21986 22144 22233 22391 22055.21
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