The Indian stock market experienced positive movement, with the CNX Nifty climbing to 8027.60, spurred by optimistic global cues and a report predicting 5.6% economic growth for India. Notable sector gains included healthcare and power, while some major companies reported mixed quarterly results, with significant profit increases from firms like State Bank of Mysore and Bharti Infratel. The market breadth remained favorable, reflecting a higher number of advancing stocks compared to decliners.

1. Nifty jumps to 8028 ahead of 2-day FOMC Meet
Market Snapshot | 28-10-2014 04:20 PM
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.
The S&P BSE Sensex ended at 26880.82, up 127.92 points or 0.48%. The 30 share index touched a high and a low
of 26907.14 and 26764.15 respectively. 17 stocks advanced against 13 declining ones on the benchmark index.
The CNX Nifty gained 35.90 points or 0.45% to settle at 8027.60. The index touched high and low of 8037.80 and
7995.05 respectively. 32 stocks advanced against 18 declining ones on the index.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1591 and 1426 respectively,
while 124 scrips remained unmoved.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 9600.40 and gained 0.09% while S&P BSE Small-cap index jumped up by
0.76% to 10724.06.
The broader S&P BSE 500 index increased to 10251.40 (up 0.36%) and CNX 500 index rose to 6465.15 (up 0.41%).
The volatility as denoted by INDIA VIX lost 1.48% at 13.32 from its previous close of 13.52 on Monday.
Among global peers, US markets closed mostly up ahead of GDP data, anticipating economic expansions by an
average of two months. Asian markets were trading mixed whereas European markets were trading in green zone.
On macro-economic front, according to the report prepared by advisory firm Grant Thornton, private equity
investments during July-September quarter of FY15 spurted 47% to $3.12 billion over the corresponding period last
year. There were 157 total deals in the reported quarter as against only 115 such transactions worth $2.12 billion in
the same period last year.
Sectors in action
On the BSE Sectorial front, Healthcare (up 1.42%), Power (up 0.96%) and Consumer Durables (up 0.75%) were the
top gainers.
Oil & Gas (down 0.23%), FMCG (down 0.12%) and Metals (down 0.03%) were the top losers.
Key Quarterly Results
Lupin slipped 2.6% on BSE after reporting a steep fall of 43.20% in Q2FY15 Net at Rs 459.62 crore as compared to
Rs 809.12 crore for the same quarter in the previous year. However, on consolidated basis, company’s Net spiked
55.11% at Rs 630.04 crore against Rs 406.18 crore in Q2FY14.
Ranbaxy Laboratories zoomed 6% after recording a narrowed Net loss of Rs 368.26 crore in Q2FY15 as compared to
a Net loss of Rs 842.23 crore for the same quarter in the previous year. On consolidated basis, company posted a Net
profit of Rs 477.76 crore for the quarter as against a Net loss of Rs 454.17 crore in Q2FY14.
State Bank of Mysore rallied 10% on BSE after registering a steep growth of 238.8% in September quarter Net at Rs
101.9 crore as compared to Rs 30.08 crore in the same quarter of previous fiscal.
Bharti Infratel ‘s Q2FY15 Net surged 255.5% to Rs 527.2 crore as compared to Rs 148.3 crore for the same quarter in
the previous year. On consolidated basis, company’s Net jumped 67.70% at Rs 465.2 crore as against Rs 277.4 crore
in Q2FY14. The stock ended marginally down on BSE.
Indiabulls Housing Finance Q2 Net climbed 60.22% to Rs 565.77 crore as compared to Rs 353.11 crore for the same
quarter in the previous year. On consolidated basis, company’s Net Profit for the quarter registered 21.43% growth at
Rs 448.24 crore against Rs 369.12 crore in Q2FY14. The stock ended 0.5% down on BSE.

2. The Angels and the Devils
Sun Pharmaceutical Industries Ltd (up 4.31%), Cipla Ltd (up 2.92%), Tata Power Company Ltd (up 2.48%), State
Bank of India (up 2.38%) and GAIL (India) Ltd (up 1.96%) were the top gainers on the Sensex.
Hero MotoCorp Ltd (down 1.68%), Bharti Airtel Ltd (down 1.15%), Hindustan Unilever Ltd (down 0.83%), Dr. Reddys
Laboratories Ltd (down 0.82%) and Reliance Industries Ltd (down 0.81%) were the top losers on the Sensex.
Benchmark Drivers
ICICI Bank (38.33 points), Sun Pharmaceutical Industries Ltd (33.06 points), State Bank of India (23.88 points),
Housing Development Finance Corporation Ltd (18.08 points) and Reliance Industries Ltd (-15.65 points) were the
major Sensex drivers today.
On the other end ICICI Bank (9.46 points), Sun Pharmaceutical Industries Ltd (8.04 points), State Bank of India (5.74
points), Housing Development Finance Corporation Ltd (5.58 points) and Reliance Industries Ltd (-3.77 points) were
the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 8020 for next session. The next support is at 8002 and on upside it has a resistance at
8045 levels.
CCNNXX NNiiffttyy
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
29-Oct-2014 7960 7977 8002 8020 8045 8063 8088 -
28-Oct-2014 7885 7935 7963 8014 8042 8093 8121 8027.60
27-Oct-2014 7982 7995 8005 8018 8028 8041 8051 7991.70
S&P BSE Sensex has a pivot at 26851 with first level of support and resistance at 26794 and 26937 respectively.
SS&&PP BBSSEE SSeennsseexx
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
29-Oct-2014 26651 26708 26794 26851 26937 26994 27080 -
28-Oct-2014 26387 26557 26655 26825 26923 27093 27191 26880.82
27-Oct-2014 26706 26767 26809 26869 26911 26972 27014 26752.90
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