D-Street resumes southward ride, lost another 1.27%

1. D-Street resumes southward ride, lost another 1.27%
Market Snapshot | 10-10-2014 04:20 PM
Resuming the declining spree, Indian indices slumped at start dragged by pessimism on global front. Bears continued
to rule D-Street as IMF’s warning that eurozone could slip into recession added to the woes. Both barometer gauges
tanked 1.27% to settle near intraday lows.
The S&P BSE Sensex ended at 26297.38, down 339.90 points or 1.28%. The 30 share index touched a high and a
low of 26555.92 and 26261.61 respectively. 7 stocks advanced against 23 declining ones on the benchmark index.
The CNX Nifty lost 100.60 points or 1.26% to settle at 7859.95. The index touched high and low of 7924.05 and
7848.45 respectively. 10 stocks advanced against 40 declining ones on the index.
T he market breadth on the BSE closed in negative. Advancing and declining stocks were 1091 and 1968
respectively, while 132 scrips remained unmoved.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 9444.41 and lost 1.38% while S&P BSE Small-cap index hammered
down by 1.12% to 10611.00.
The broader S&P BSE 500 index decreased to 10039.93 (down 1.31%) and CNX 500 index declined to 6330.35 (down
1.34%).
The volatility as denoted by INDIA VIX gained 8.89% at 14.33 from its previous close of 13.16 on Thursday.
On global front, US, Asian and European markets slipped after US Fed officials indicated that the Federal Reserve
will probably start raising interest rates around the middle of next year.
Among stock specific movements, country’s IT major, Infosys rallied 6.7% to flag fresh yearly high at Rs 3908.6 on
BSE after recording 44.67% jump in Q2FY15 Net at Rs 3365 crore as compared to Rs 2326 crore for the same quarter
in the previous year. On the consolidated basis, the company’s Net surged 28.62% to Rs 3096 crore for the quarter as
compared to Rs 2407 crore in Q2FY14. The company has retained annual revenue guidance for FY15 at 79% in dollar
terms and 6.7-8.7% in rupee terms.
TD Power Systems zoomed 12.43% to hit new 52 week high at Rs 400.05 on BSE after HDFC Mutual Fund (MF)
bought 250000 equity shares of the company at Rs 325 per share on October 9 on NSE through open market
transaction.
Uco Bank plunged 2.9% on BSE after foreign institutional investors (FIIs) shed their shareholding in the company by
21 basis points to 4.68% in Q2FY15 from 4.89% in Q1FY15.
Sectors in action
On the BSE Sectorial front, Information Technology (up 2.29%) was the sole gainer.
Metals (down 4.11%), Automobile (down 2.78%) and FMCG (down 2.56%) were the top losers.
The Angels and the Devils
Infosys Ltd (up 6.68%), Bharat Heavy Electricals Ltd (up 0.91%), Hero MotoCorp Ltd (up 0.83%), Reliance Industries
Ltd (up 0.59%) and Sun Pharmaceutical Industries Ltd (up 0.54%) were the top gainers on the Sensex.
Tata Motors Ltd (down 5.31%), Hindalco Industries Ltd (down 4.79%), Sesa Sterlite Ltd (down 4.60%), Tata Steel Ltd
(down 4.03%) and Mahindra and Mahindra Ltd (down 3.59%) were the top losers on the Sensex.
Benchmark Drivers
Infosys Ltd (136.62 points), ITC Ltd (-77.49 points), Housing Development Finance Corporation Ltd (-58.45 points),
Tata Motors Ltd (-56.46 points) and HDFC Bank (-47.09 points) were the major Sensex drivers today.
On the other end Infosys Ltd (34.23 points), ITC Ltd (-20.02 points), Housing Development Finance Corporation Ltd (-
15.67 points), Tata Motors Ltd (-14.39 points) and HDFC Bank (-11.37 points) were the major Nifty movers today.

2. Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7877 for next session. The next support is at 7831 and on upside it has a resistance at
7907 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
13-Oct-2014 7755 7802 7831 7877 7907 7953 7982 -
10-Oct-2014 7821 7854 7907 7940 7993 8026 8079 7859.95
09-Oct-2014 7762 7789 7816 7843 7870 7897 7924 7960.55
S&P BSE Sensex has a pivot at 26372 with first level of support and resistance at 26187 and 26482 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
13-Oct-2014 25893 26077 26187 26372 26482 26666 26776 -
10-Oct-2014 26164 26279 26458 26573 26753 26868 27047 26297.38
09-Oct-2014 25964 26057 26152 26245 26340 26433 26528 26637.28
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