Benchmarks end marginally down; Power top losing sector

1. Benchmarks end marginally down; Power top losing sector
Market Snapshot | 03-01-2014 04:20 PM
Extending yesterday’s southward journey, Indian indices made a gap down start amidst weak global cues. Pessimistic
sentiments persisted as investors took note of Prime Minister Manmohan Singh's concern over the failure in controlling
inflation. Markets trimmed some losses to end marginally down. Among BSE sectorials, Power topped the laggards
followed by Capital Goods.
On global front, US markets traded negative on the first trading day of 2014 on the back of data indicating a slowdown
in manufacturing expansion in China. This is the first time markets started the year on a negative note since 2008.
Asian and European benchmarks traded weak tracking weak cues from US peers.
Back home, after making a steep hike of Rs 220 per cylinder for non-subsidized LPG cylinder, Government is now
considering to increase subsidized LPG cylinder quota to 12 per household from present quota of 9 cylinders. (Read
More)
Hindustan Construction Company rallied 4.35% on BSE on bagging prestigious contract worth Rs 442.52 crore from
IRCON International to construct one tunnel and two bridges between Aprinchala and Sumber stations. (Read More)
Tata Teleservices soared 10% on BSE as Vodafone is reportedly in talks with the Tata Group to purchase its stake in
the company to create India’s largest telecom by subscribers. (Read More)
UCO Bank climbed 2.4% on BSE in otherwise negative market as the Bank is planning to sell its 100 non-performing
assets (NPAs) worth Rs 1900 crore. (Read More)
Nestle India ended in green as the parent company is planning to invest up to $1 billion to hike stake in its Indian arm.
Currently the parent company holds 62% stake in Nestle India and has window to hike stake by up to 13%. (Read
More)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1311 and 1221 respectively,
while 182 scrips remained unmoved.
The S&P BSE Sensex ended at 20851.33, down 37.00 points or 0.18%. The 30 share index touched a high and a
low of 20885.18 and 20731.33 respectively. 11 stocks advanced against 19 declining ones on the benchmark index.
The CNX Nifty lost 10.00 points or 0.16% to settle at 6211.15. The index touched high and low of 6221.70 and
6171.25 respectively. 19 stocks advanced against 31 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved up to 6659.18 and gained 0.63% while S&P BSE Small-cap index jumped up by
0.60% to 6553.00.
The broader S&P BSE 500 index increased to 7732.57 (up 0.09%) and CNX 500 index rose to 4850.65 (up 0.04%).
The volatility as denoted by INDIA VIX lost 4.11% at 15.87 from its previous close of 16.55 on Thursday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 2.19%), Real Estate (up 0.86%) and Healthcare (up 0.70%)
were the top gainers.
Power (down 1.74%), Capital Goods (down 1.71%) and Oil & Gas (down 1.27%) were the top losers.
The Angels and the Devils
Tata Consultancy Services Ltd (up 2.76%), Infosys Ltd (up 2.61%), Maruti Suzuki India Ltd (up 1.65%), Sun
Pharmaceutical Industries Ltd (up 1.05%) and HDFC Bank (up 0.99%) were the top gainers on the Sensex.
Mahindra and Mahindra Ltd (down 3.85%), Tata Power Company Ltd (down 3.83%), Tata Motors Ltd (down 2.49%),
Larsen And Toubro Ltd (down 2.33%) and NTPC Ltd (down 2.22%) were the top losers on the Sensex.

2. Benchmark Drivers
Infosys Ltd (51.35 points), Tata Consultancy Services Ltd (40.66 points), Larsen And Toubro Ltd (-23.33 points),
Reliance Industries Ltd (-21.33 points) and Mahindra and Mahindra Ltd (-19.29 points) were the major Sensex drivers
today.
On the other end Infosys Ltd (11.98 points), Tata Consultancy Services Ltd (9.40 points), Larsen And Toubro Ltd (5.80 points), Reliance Industries Ltd (-5.54 points) and Tata Motors Ltd (-4.98 points) were the major Nifty movers
today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6201 for next session. The next support is at 6181 and on upside it has a resistance at
6231 levels.
CNX Nifty
Eff. Date
06-Jan-2014
03-Jan-2014
02-Jan-2014
S3
6131
6022
6262
S2
6151
6117
6280
S1
6181
6169
6291
PIVOT
6201
6264
6309
R1
6231
6316
6320
R2
6252
6411
6338
R3
6282
6463
6349
Actual Close
6211.15
6221.15
S&P BSE Sensex has a pivot at 20823 with first level of support and resistance at 20760 and 20914 respectively.
S&P BSE Sensex
Eff. Date
06-Jan-2014
03-Jan-2014
02-Jan-2014
S3
20606
20228
20991
Follow us on
S2
20669
20537
21062
S1
20760
20713
21101
PIVOT
20823
21022
21173
R1
20914
21198
21212
R2
20976
21507
21283
R3
21068
21682
21322
Actual Close
20851.33
20888.33
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