Finalaya daily wrap_21feb2014

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Information about Finalaya daily wrap_21feb2014

Published on February 21, 2014

Author: finalaya

Source: slideshare.net

Sensex shoots 164 points buoyed by bullish global cues Market Snapshot | 21-02-2014 04:21 PM Straddling sanguine cues from global peers, Indian indices spiked at open with Nifty surpassing 6100 mark. Optimistic sentiments persisted backing markets to stretch their northward journey as Rupee strengthened against Dollar. Both frontline gauges surged to settle near day’s high with Sensex soaring 164 points and Nifty ending at 6155. On BSE sectorial front, Capital Goods topped the charts and Realty was the lone loser. Among global peers, US markets recouped the losses of previous session on the most talked Facebook deal and ignored the set of mixed economic data. Consequently, Asian and European indices also witnessed jubilant trades with Nikkei climbing to 3 week high. Back home, on currency front, domestic currency snapped the losing streak of previous two sessions and strengthened against Dollar. In futures trades, INR hit an intra-day high of 62.06/USD and an intra-day low of 62.22/USD. In spot trades, INR hit an intra-day high of 62.08/USD and an intra-day low of 62.18/USD. As per RBI reference rate, INR stood at 62.18/USD. (Read More) As per SEBI data, FII invested a net $35.14 million in equity segment on 20th February 2014. Markets still ended in negative indicating cautiousness among domestic investors. On stock specific front, UltraTech Cement rallied 5.6% on BSE as the company is reportedly in talks for acquiring Jaypee’s cement assets in Solan, Himachal Pradesh for a sum of about Rs 4000 crore. Earlier, in September 2013, UltraTech Cement had acquired Gujarat cement-making unit of the latter for Rs 3800 crore. (Read More) State Bank of India ended 1% up on BSE as amid reports that bank is planning to invest Rs 150 crore to set up a commercial tower in the Gujarat International Finance Tec-City (GIFT) at Gandhinagar. (Read More) The market breadth on the BSE closed in positive. Advancing and declining stocks were 1532 and 1221 respectively, while 163 scrips remained unmoved. The S&P BSE Sensex ended at 20700.75, up 164.11 points or 0.80%. The 30 share index touched a high and a low of 20725.04 and 20599.91 respectively. 21 stocks advanced against 9 declining ones on the benchmark index. The CNX Nifty gained 64.00 points or 1.05% to settle at 6155.45. The index touched high and low of 6159.65 and 6108.00 respectively. 39 stocks advanced against 11 declining ones on the index. S&P BSE Sensex CNX Nifty The S&P BSE Mid-cap index moved up to 6422.05 and gained 0.71% while S&P BSE Small-cap index jumped up by 0.49% to 6393.33. The broader S&P BSE 500 index increased to 7578.64 (up 0.87%) and CNX 500 index rose to 4762.75 (up 0.98%). The volatility as denoted by INDIA VIX lost 7.39% at 14.04 from its previous close of 15.16 on Thursday. Sectors in action On the BSE Sectorial front, Capital Goods (up 1.24%), FMCG (up 1.20%) and Banks (up 1.16%) were the top gainers. Real Estate (down 0.10%) was the top loser. The Angels and the Devils Axis Bank (up 2.85%), Larsen And Toubro Ltd (up 1.89%), ITC Ltd (up 1.83%), Tata Steel Ltd (up 1.80%) and ICICI Bank (up 1.62%) were the top gainers on the Sensex. Bharti Airtel Ltd (down 2.91%), Sun Pharmaceutical Industries Ltd (down 0.82%), Maruti Suzuki India Ltd (down 0.52%), Cipla Ltd (down 0.51%) and Hero MotoCorp Ltd (down 0.51%) were the top losers on the Sensex. Benchmark Drivers ITC Ltd (36.73 points), ICICI Bank (21.83 points), Infosys Ltd (21.52 points), Larsen And Toubro Ltd (18.85 points) and Bharti Airtel Ltd (-14.04 points) were the major Sensex drivers today.

On the other end ITC Ltd (9.26 points), ICICI Bank (5.84 points), Infosys Ltd (5.58 points), HCL Technologies Ltd (5.29 points) and Larsen And Toubro Ltd (4.95 points) were the major Nifty movers today. Pivot, Supports and Resistance Levels CNX Nifty is now pivoted at 6141 for next session. The next support is at 6122 and on upside it has a resistance at 6174 levels. CNX Nifty Eff. Date 24-Feb-2014 21-Feb-2014 20-Feb-2014 S3 6071 6033 6098 S2 6089 6060 6112 S1 6122 6076 6132 PIVOT 6141 6102 6146 R1 6174 6118 6167 R2 6193 6145 6181 R3 6226 6161 6201 Actual Close 6155.45 6091.45 S&P BSE Sensex has a pivot at 20675 with first level of support and resistance at 20625 and 20751 respectively. S&P BSE Sensex Eff. Date 24-Feb-2014 21-Feb-2014 20-Feb-2014 S3 20500 20344 20531 Follow us on S2 20550 20433 20580 S1 20625 20485 20652 PIVOT 20675 20574 20701 R1 20751 20626 20772 R2 20800 20714 20822 R3 20876 20766 20893 Actual Close 20700.75 20536.64 This content is generated at www.finalaya.com and is governed by the Terms of Use.

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