Indian stock benchmarks, the Sensex and Nifty, rebounded to close above key milestones of 27,000 and 8,100 respectively, driven by strong global cues and positive market breadth. The Sensex finished at 27,112.21, up 1.81%, while Nifty gained 1.75% to settle at 8,114.75, with significant advances in the real estate and consumer durables sectors. Notable stock movements included a 20% increase for Emami Paper Mills, while NCC faced a sharp decline of 34.63%.

1. Sensex reclaims 27K mark on firm global cues; Nifty @8115
Market Snapshot | 18-09-2014 04:20 PM
Following a negative start, Indian benchmarks clawed back into the green on the back of jubilant global cues. The bulls
accelerated their pace to take Sensex and Nifty above 27K and 8100 milestone respectively. Both barometer gauges
mounted nearly 1.75% to close near intraday highs.
The S&P BSE Sensex ended at 27112.21, up 480.92 points or 1.81%. The 30 share index touched a high and a low
of 27132.20 and 26503.08 respectively. 28 stocks advanced against 2 declining ones on the benchmark index.
The CNX Nifty gained 139.25 points or 1.75% to settle at 8114.75. The index touched high and low of 8120.85 and
7939.70 respectively. 47 stocks advanced against 3 declining ones on the index.
The market breadth on the BSE closed in positive. Advancing and declining stocks were 2311 and 889 respectively,
while 111 scrips remained unmoved.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 9861.22 and gained 1.83% while S&P BSE Small-cap index jumped up by
2.69% to 11121.16.
The broader S&P BSE 500 index increased to 10409.32 (up 1.83%) and CNX 500 index rose to 6560.00 (up 1.82%).
The volatility as denoted by INDIA VIX lost 4.79% at 12.33 from its previous close of 12.95 on Wednesday.
On the global turf, US markets climbed higher to take Dow Jones Industrial Average to a record high after the Fed
meeting indicated that interest rates are likely to stay low for a considerable time after it ends its bond-buying program
in October. Asian and European markets too were trading higher.
Sectors in action
On the BSE Sectorial front, Real Estate (up 4.65%), Consumer Durables (up 3.17%) and Capital Goods (up 2.84%)
were the top gainers.
There was no loser on BSE sectorial front.
Among stock specific developments, Eros International Media spurted 4.4% on BSE as the company will continue
its partnership with Sajid Nadiadwala to release the third installment of the hugely successful comedy franchise
Housefull.
8K Miles Software Services zoomed 10% to hit new 52 week high at Rs 389.2 on BSE after Sundaram BNP Paribas
Mutual Fund bought 175000 shares representing 1.74% stake in the company at Rs 331.95 per share via open
market.
NCC tanked 34.63% on BSE after Warhol offloaded 47.14 lakh shares of the company through the open market route
on an average price of Rs 70.15 valuing the transaction to Rs 33.07 crore.
Inox Leisure spiked 5.8% on BSE as the Board of Directors in their upcoming meeting will consider scheme of
amalgamation of its wholly owned subsidiary, Satyam Cineplexes with the company.
Emami Paper Mills Ltd rallied 20% to make new 52 week high at Rs 48.65 on BSE as reference Share Committee
allotted preference shares to promoters.
The Angels and the Devils
Hero MotoCorp Ltd (up 5.57%), Housing Development Finance Corporation Ltd (up 3.73%), Tata Motors Ltd (up
3.70%), Larsen And Toubro Ltd (up 3.57%) and Bharat Heavy Electricals Ltd (up 3.51%) were the top gainers on the
Sensex.
Infosys Ltd (down 1.08%) and Hindustan Unilever Ltd (down 0.58%) were the top losers on the Sensex.

2. Benchmark Drivers
Housing Development Finance Corporation Ltd (65.05 points), Larsen And Toubro Ltd (52.09 points), ICICI Bank
(48.19 points), Tata Motors Ltd (38.36 points) and Reliance Industries Ltd (33.74 points) were the major Sensex
drivers today.
On the other end Housing Development Finance Corporation Ltd (14.96 points), Larsen And Toubro Ltd (13.33 points),
ICICI Bank (11.82 points), Tata Motors Ltd (9.52 points) and Tata Consultancy Services Ltd (8.71 points) were the
major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 8058 for next session. The next support is at 7996 and on upside it has a resistance at
8177 levels.
CCNNXX NNiiffttyy
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
19-Sep-2014 7815 7877 7996 8058 8177 8240 8358 -
18-Sep-2014 7891 7914 7945 7968 7998 8021 8052 8114.75
17-Sep-2014 7771 7848 7890 7968 8010 8087 8130 7975.50
S&P BSE Sensex has a pivot at 26916 with first level of support and resistance at 26699 and 27329 respectively.
SS&&PP BBSSEE SSeennsseexx
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
19-Sep-2014 26070 26287 26699 26916 27329 27545 27958 -
18-Sep-2014 26364 26438 26534 26609 26705 26779 26876 27112.21
17-Sep-2014 25953 26209 26351 26606 26748 27003 27145 26631.29
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