WISHING YOU ALL A VERY HAPPY & WEALTHY 2014
The key domestic ended with slim gains on the last trading day of the year as Sensex rose by 27 points led by
gains in power and oil and gas stocks. While positive cues from Asian markets supported sentiment amid optimism
over the recovery in the US economy, thin trading volumes at the domestic bourses amid lack of participation by
foreign investors who were in a festive mood ahead of the New Year, weighed on sentiment.
Moreover, caution ahead of the Indian manufacturing PMI data to be released tomorrow, which may offer further
cues over the health of Indian economy, also weighed on sentiment.
BSE SENSEX closed at 21,170.68, up by 27.67 points and NSE Nifty ended at 6,304, up by 12.9 points. On the
Sectoral front, Power and Oil & Gas rose 0.60 per cent and 0.52 per cent, respectively.
The Market breadth, indicating the overall health of the market, was strong. Among IT stocks, Wipro scaled 52-
week high. Shares of power generation and power distribution companies edged higher.
Trent edged higher after the Foreign Investment Promotion Board approved UK-based Tesco Plc's proposal to
enter the Indian multi-brand retail segment in joint venture with Trent. Shares of other organized retailers also
rose.
Front line stocks like Apollo tyres, CESC, Divis Lab. Glaxo Smithkline, GMR Infra, JSW Steel, Tata Comm. and UPL
made another 52 week high today.
The Sensex has risen 378.75 points in December 2013. The Sensex has garnered 1,743.97 points or 8.98% in
calendar year 2013. From a 52-week low of 17,448.71 on 28 August 2013, the Sensex has risen 3,721.97 points
or 21.33%. From a record high of 21,483.74 hit on 9 December 2013, the Sensex is off 313.06 points or 1.46%.
FIIs bought shares worth a net Rs 130.30 crore in the last session. Shares of local search engine Just Dial scaled
record high. Tata Communications hit 52-week high.
The rupee was trading strong in late trades amid thin dollar demand. The rupee was trading at Rs 61.82 compared
with previous close of Rs 61.92 per dollar. Rupee ends 2013 at 61.80/81 to dollar, down 11 pct on year.
European shares were marginally up amid low volumes with some markets closed while others will have half-day
trading session.
Most sectoral indices on the BSE ended with marginal gains led by Power, Oil and Gas indices. Metal and FMCG
indices ended with marginal losses.
Global Markets Updates:
European shares inched higher early in a shortened session today before the New Year break, with
pan-European indexes set to post their biggest annual gains since 2009.
However, Dow and NASDAQ futures were trading mixed at this evening with a flattish move.
Markets closed in a positive terrain with all major sectors closing in Green, but BSE Power was the Best
performing Sector today.
RSI was at 58, MACD positive above signal line; India VIX was at 15~ which all Indicate that market
are hovering in a range we may expect a strong movement either ways from here.
Today, Nifty closed above 5DMA (6291), 20DMA (6248), 50DMA (6190) and 200DMA (5909) which all indicate that market under a strong grip of bulls.
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