Indian markets snapped a 3-day losing streak as buying activities in the late noon session helped indices recover from early losses. The S&P BSE Sensex closed up 0.60% while the CNX Nifty gained 0.72%. Metals and real estate stocks saw gains while IT and consumer sectors declined. Select stocks like Hindalco Industries and Sun Pharmaceutical Industries climbed over 4% each.

1. Snapping 3-day losing streak, markets end in green
Market Snapshot | 26-09-2014 04:20 PM
Stretching the southward journey further, Indian indices plunged at open. The slump in global markets due to
persistent geopolitical tensions continued to dampen the sentiments. However, in late noon session, markets drew
some respite and jumped higher on the back of fresh buying activities. Both barometer gauges settled near intraday
highs to snap 3 days of losing streak.
The S&P BSE Sensex ended at 26626.32, up 157.96 points or 0.60%. The 30 share index touched a high and a low
of 26721.03 and 26220.49 respectively. 19 stocks advanced against 11 declining ones on the benchmark index.
The CNX Nifty gained 57.00 points or 0.72% to settle at 7968.85. The index touched high and low of 7993.30 and
7841.80 respectively. 36 stocks advanced against 14 declining ones on the index.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 1656 and 1455 respectively,
while 103 scrips remained unmoved.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 9421.40 and gained 0.76% while S&P BSE Small-cap index jumped up by
0.63% to 10510.99.
The broader S&P BSE 500 index increased to 10144.61 (up 0.81%) and CNX 500 index rose to 6396.55 (up 0.84%).
The volatility as denoted by INDIA VIX lost 2.78% at 12.93 from its previous close of 13.30 on Thursday.
Among the global peers, US markets slipped with Nasdaq tanking the most since April amidst Russia-Ukraine and
Mideast conflicts as well as a weak US durable-goods report. Asian and European markets also trading mostly in red
zone.
Sectors in action
On the BSE Sectorial front, Metals (up 2.49%), Real Estate (up 2.27%) and Banks (up 1.91%) were the top gainers.
Information Technology (down 0.53%), FMCG (down 0.52%) and Consumer Durables (down 0.16%) were the top
losers.
On stock specific front, Mangalore Chemicals and Fertilizers (MCF) locked at upper circuit of 20% to hit fresh 52
week high at Rs 88.10 on BSE after Deepak Fertilizers revised its open offer to acquire additional 26% stake in the
company from Rs 63 per share to Rs 93.60 per share.
Suven Life Sciences rallied 9% on BSE on getting nod for raising of funds not exceeding $100 million by way of issue
of securities to QIPs/ FCCBs/ other modes.
India Cements spurted 4.7% on BSE after getting nod for demerger of Chennai Super Kings (CSK) - BCCI-IPL
Franchise 20/20 Cricket Tournament Team into a wholly-owned subsidiary (WOS) of the company by transferring its
net assets at cost.
Petronet LNG tumbled 3.76% on BSE as Asian Development Bank (ADB) is reportedly planning to sell 5.2% stake in
the company via a block deal and is expecting to fetch $120 million through this stake sale.
HealthCare bellwether Sun Pharmaceutical Industries climbed 4.3% on BSE after the Team of US FDA (Food and
Drug Administration) inspectors which recently conducted a surprise audit on its Gujarat unit, has reportedly submitted
Form 483.
The Angels and the Devils
Hindalco Industries Ltd (up 5.25%), Sun Pharmaceutical Industries Ltd (up 4.30%), Mahindra and Mahindra Ltd (up
3.16%), Oil and Natural Gas Corporation Ltd (up 3.14%) and Tata Steel Ltd (up 3.10%) were the top gainers on the
Sensex.

2. Dr. Reddys Laboratories Ltd (down 2.61%), Housing Development Finance Corporation Ltd (down 1.90%), Hero
MotoCorp Ltd (down 1.30%), GAIL (India) Ltd (down 1.28%) and ITC Ltd (down 1.22%) were the top losers on the
Sensex.
Benchmark Drivers
HDFC Bank (44.30 points), Housing Development Finance Corporation Ltd (-34.49 points), Sun Pharmaceutical
Industries Ltd (31.73 points), ITC Ltd (-29.46 points) and Larsen And Toubro Ltd (26.16 points) were the major Sensex
drivers today.
On the other end HDFC Bank (12.12 points), ITC Ltd (-7.99 points), Housing Development Finance Corporation Ltd (-
7.99 points), Sun Pharmaceutical Industries Ltd (7.77 points) and Larsen And Toubro Ltd (7.00 points) were the major
Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7935 for next session. The next support is at 7876 and on upside it has a resistance at
8028 levels.
CCNNXX NNiiffttyy
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
29-Sep-2014 7724 7783 7876 7935 8028 8086 8179 -
26-Sep-2014 7711 7794 7853 7936 7995 8078 8137 7968.85
25-Sep-2014 7862 7906 7954 7998 8046 8090 8138 7911.85
S&P BSE Sensex has a pivot at 26523 with first level of support and resistance at 26324 and 26825 respectively.
SS&&PP BBSSEE SSeennsseexx
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
29-Sep-2014 25824 26022 26324 26523 26825 27023 27325 -
26-Sep-2014 25809 26079 26274 26544 26739 27009 27203 26626.32
25-Sep-2014 26304 26432 26588 26716 26873 27001 27158 26468.36
Follow us on This content is generated at www.finalaya.com and is governed by the Terms of Use.