Finalaya daily wrap_25feb2014

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Information about Finalaya daily wrap_25feb2014

Published on February 25, 2014

Author: finalaya


Choppy markets end in green; Nifty @6200 Market Snapshot | 25-02-2014 04:21 PM Indian indices extended continued previous session’s momentum by spiking at open with Nifty surpassing 6200 milestone on optimistic global cues.Later, benchmarks pared early gains to hit intra-day low levels, but soon recouped to trade back in green zone. Choppy markets ended in positive territory with Nifty settling at 6200. On BSE sectorial front, Consumer Durables was the top gainer. Among global peers, US indices climbed higher with S&P 500 setting a new record intraday high on hopes that Fed Chair Person Janet Yellen may not continue tapering citing weak economic data. Most of the Asian and European markets too traded in green zone with Nikkei touching 4 -week closing high. Back home, on currency front, domestic currency strengthened against Dollar amidst weakness in USD against other currencies. In futures trades, INR hit an intra-day high of 61.95/USD and an intra-day low of 62.03/USD. In spot trades, INR hit an intra-day high of 61.8/USD and an intra-day low of 62.04/USD. As per RBI reference rate, INR stood at 61.97/USD. Gujarat Gas Company rallied 6% on BSE after company’s board approved the proposed consolidation by way of amalgamation of the Company with GSPC Distribution Networks (GDNL), GSPC Gas (GSPC Gas), Gujarat Gas Financial Services (GFSL) and Gujarat Gas Trading Company (GTCL). (Read More) Kinetic Engineering soared 5% on BSE after the company sold its entire shareholding in Mahindra Two Wheelers (MTWL) to Samena Capital. (Read More) Titan climbed 3.4% on BSE on reportedly receiving approval from Reserve Bank of India (RBI) to hedge more gold in the international market. (Read More) Federal Bank jumped 2.3% on BSE on getting nod from Cabinet Committee of Economic Affairs (CCEA) for foreign equity participation upto 74% of the paid up capital of the Bank, with sub-limit of 49% by FII's and 24% for NRI's. (Read More) Punj Lloyd dipped 1.7% on BSE after receiving a Termination Notice for Fourth Transmission Pipeline contract (FTP Contract) awarded by PTT Public Company, Thailand. (Read More) T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1371 and 1380 respectively, while 179 scrips remained unmoved. The S&P BSE Sensex ended at 20852.47, up 41.03 points or 0.20%. The 30 share index touched a high and a low of 20912.54 and 20777.73 respectively. 14 stocks advanced against 15 declining ones on the benchmark index. The CNX Nifty gained 13.95 points or 0.23% to settle at 6200.05. The index touched high and low of 6216.85 and 6176.60 respectively. 26 stocks advanced against 23 declining ones on the index. S&P BSE Sensex CNX Nifty The S&P BSE Mid-cap index moved up to 6462.32 and gained 0.32% while S&P BSE Small-cap index jumped up by 0.09% to 6421.70. The broader S&P BSE 500 index increased to 7629.06 (up 0.24%) and CNX 500 index rose to 4793.90 (up 0.22%). The volatility as denoted by INDIA VIX lost 2.84% at 1395.00 from its previous close of 1435.75 on Monday. Sectors in action On the BSE Sectorial front, Consumer Durables (up 2.96%), Information Technology (up 0.90%) and Automobile (up 0.59%) were the top gainers. Metals (down 1.75%), Power (down 0.42%) and Oil & Gas (down 0.09%) were the top losers. The Angels and the Devils Wipro Ltd (up 2.95%), Bajaj Auto Ltd (up 2.14%), Bharat Heavy Electricals Ltd (up 1.92%), Cipla Ltd (up 1.90%) and Bharti Airtel Ltd (up 1.57%) were the top gainers on the Sensex.

Coal India Ltd (down 2.26%), Sesa Sterlite Ltd (down 2.26%), Tata Steel Ltd (down 2.25%), Tata Power Company Ltd (down 2.06%) and GAIL (India) Ltd (down 1.50%) were the top losers on the Sensex. Benchmark Drivers Infosys Ltd (18.09 points), ITC Ltd (13.21 points), Wipro Ltd (12.19 points), ICICI Bank (-7.37 points) and Bharti Airtel Ltd (7.22 points) were the major Sensex drivers today. On the other end Infosys Ltd (4.67 points), Wipro Ltd (3.32 points), ITC Ltd (3.06 points), Tata Consultancy Services Ltd (1.87 points) and Bharti Airtel Ltd (1.74 points) were the major Nifty movers today. Pivot, Supports and Resistance Levels CNX Nifty is now pivoted at 6198 for next session. The next support is at 6179 and on upside it has a resistance at 6219 levels. CNX Nifty Eff. Date 26-Feb-2014 25-Feb-2014 24-Feb-2014 S3 6139 6086 6071 S2 6158 6109 6089 S1 6179 6147 6122 PIVOT 6198 6170 6141 R1 6219 6208 6174 R2 6238 6231 6193 R3 6259 6269 6226 Actual Close 6200.05 6186.10 S&P BSE Sensex has a pivot at 20848 with first level of support and resistance at 20783 and 20917 respectively. S&P BSE Sensex Eff. Date 26-Feb-2014 25-Feb-2014 24-Feb-2014 S3 20648 20498 20500 Follow us on S2 20713 20568 20550 S1 20783 20690 20625 PIVOT 20848 20759 20675 R1 20917 20881 20751 R2 20982 20950 20800 R3 21052 21072 20876 Actual Close 20852.47 20811.44 This content is generated at and is governed by the Terms of Use.

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