Benchmarks snap 5-day downfall and end in green

1. Benchmarks snap 5-day downfall and end in green
Market Snapshot | 31-01-2014 04:21 PM
Snapping 5-day battering, Indian indices started the first session of February expiry on a positive note. Sentiment were
upbeat for banking sector as RBI has set a road map for implementation of a framework to revitalize distressed loans.
This will help economy to deal with poor asset quality in the banking system. However, gains overall remained capped
as global markets traded on a mixed note, weighing down on the sentiments of the local bourses. Choppy benchmarks
settled marginally up with Nifty at 6089.5. On BSE sectorial front, Realty was the top gainer.
Among global peers, US indices climbed as the economy grew at an annual pace of 3.2% in the fourth quarter. Strong
corporate earnings of tech companies also triggered the positive sentiments in the market. However, most of the Asian
and European indices traded in negative territory ignoring the good corporate earnings.
Back home, giving some relief to the common man’s pocket, UPA Government raised the LPG quota to 12 cylinders
from 9 cylinders per household in a year. Government will bear an additional cost of Rs 5000 crore per year for this
subsidy. However, the direct benefit transfer of LPG subsidy in cash to consumers has been suspended by
Government amidst rising complaints. (Read More)
On stock specific front, SKS Microfinance surged 4% on BSE on completing the fifth microfinance securitization
amounting Rs 55.56 crore during the current financial year. (Read More)
Key Quarterly Results
Punjab National Bank (PNB) spiked 6% on BSE despite registering a steep fall of 42.14% in Q3FY14 Net at Rs 755.4
crore as compared to Rs 1305.6 crore for the same quarter in the previous year. Bank’s Net NPA grew to 2.8% as
compared to 2.56% in Q3FY13. (Featured Result)
Union Bank of India soared 4% on BSE after the company’s Net grew 15.4% in Q3FY14 at Rs 348.94 crore as
compared to Rs 302.4 crore in the same quarter of the previous year. (Result)
Oriental Bank of Commerce jumped 3.85% on BSE despite posting 31.28% fall in Q3FY14 Net at Rs 224.30 crore as
compared to Rs 326.4 crore for the same quarter in the previous year. Bank’s Net NPA rose to 2.91% the quarter as
compared to 2.14% in Q3FY13. (Result)
Syndicate Bank registered 25.3% fall in Q3FY14 Net at Rs 379.76 crore as against Rs 508.5 crore in the
corresponding quarter of the previous year. Bank’s Net NPA climbed to 1.66% as compared to 0.85% in Q3FY13. The
stock rallied 6.4% on BSE amidst rally in banking stocks on RBI move. (Result)
Shriram City Union Finance gained 1.2% on BSE as the company’s Q3 Net rose 14.72% to Rs 129 crore as compared
to Rs 112.52 crore for the same quarter in the previous year. (Read More)
Motherson Sumi Systems soared 13% on BSE after the company reported 5.8% rise in Q3FY14 Net at Rs 123.67
crore as compared to Rs 116.88 crore for the same quarter in the previous year. On consolidated basis, the group’s
Net jumped over two fold at Rs 249.6 crore for the quarter as compared to Rs 103 crore Q3FY13. (Result)
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1574 and 1102 respectively,
while 159 scrips remained unmoved.
The S&P BSE Sensex ended at 20513.85, up 15.60 points or 0.08%. The 30 share index touched a high and a low of
20572.32 and 20448.43 respectively. 18 stocks advanced against 12 declining ones on the benchmark index.
The CNX Nifty gained 15.80 points or 0.26% to settle at 6089.50. The index touched high and low of 6097.85 and
6067.35 respectively. 35 stocks advanced against 15 declining ones on the index.
S&P BSE Sensex
CNX Nifty
The S&P BSE Mid-cap index moved up to 6308.05 and gained 1.56% while S&P BSE Small-cap index jumped up by
1.32% to 6263.35.
The broader S&P BSE 500 index increased to 7499.02 (up 0.71%) and CNX 500 index rose to 4709.15 (up 0.73%).
The volatility as denoted by INDIA VIX lost 2.49% at 16.82 from its previous close of 17.25 on Thursday.

2. Sectors in action
On the BSE Sectorial front, Real Estate (up 1.63%), Metals (up 1.27%) and Oil & Gas (up 1.18%) were the top
gainers.
Automobile (down 0.43%) was the top loser.
The Angels and the Devils
Tata Steel Ltd (up 2.77%), Tata Power Company Ltd (up 2.71%), GAIL (India) Ltd (up 2.62%), Mahindra and Mahindra
Ltd (up 2.43%) and Bharti Airtel Ltd (up 2.19%) were the top gainers on the Sensex.
Tata Motors Ltd (down 3.14%), Housing Development Finance Corporation Ltd (down 2.50%), Hero MotoCorp Ltd
(down 1.47%), NTPC Ltd (down 1.33%) and Bajaj Auto Ltd (down 0.92%) were the top losers on the Sensex.
Benchmark Drivers
Housing Development Finance Corporation Ltd (-35.57 points), Tata Motors Ltd (-23.42 points), ICICI Bank (18.41
points), Tata Consultancy Services Ltd (12.47 points) and Mahindra and Mahindra Ltd (11.33 points) were the major
Sensex drivers today.
On the other end Housing Development Finance Corporation Ltd (-8.89 points), Tata Motors Ltd (-6.29 points), ICICI
Bank (4.40 points), Tata Consultancy Services Ltd (4.00 points) and Reliance Industries Ltd (3.17 points) were the
major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6085 for next session. The next support is at 6072 and on upside it has a resistance at
6102 levels.
CNX Nifty
Eff. Date
03-Feb-2014
31-Jan-2014
30-Jan-2014
S3
6041
5984
6036
S2
6054
6006
6073
S1
6072
6040
6097
PIVOT
6085
6061
6134
R1
6102
6095
6157
R2
6115
6117
6194
R3
6133
6151
6218
Actual Close
6089.50
6073.70
S&P BSE Sensex has a pivot at 20512 with first level of support and resistance at 20451 and 20575 respectively.
S&P BSE Sensex
Eff. Date
03-Feb-2014
31-Jan-2014
30-Jan-2014
S3
20327
20201
20349
Follow us on
S2
20388
20272
20481
S1
20451
20385
20564
PIVOT
20512
20457
20697
R1
20575
20570
20779
R2
20635
20641
20912
R3
20699
20754
20994
Actual Close
20513.85
20498.25
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