The Indian stock market indices declined over 1% on the day of September futures and options contract expiry due to negative global cues and the Supreme Court scrapping 214 coal blocks. The Sensex closed down 276 points at 26468 and the Nifty fell 91 points to settle at 7912. Key sectors like real estate, oil & gas and metals witnessed a decline while IT and healthcare ended higher. Reliance Industries stock dropped 3.7% due to a fundraise by its telecom unit while Dr. Reddy's was among the top Sensex gainers.

1. D-Street slumps 1% on F&O expiry day
Market Snapshot | 25-09-2014 04:21 PM
On the day of September F&O expiry, Indian indices made a cautious start and instantly slumped into the negative
territory. The pessimism continued on Supreme Court’s ruling that scrapped 214 of the coal blocks allocated between
1993 and 2010. Sentiments dampened further as CCEA deferred natural Gas price hike decision. Both barometer
gauges cracked over 1% to settle below crucial levels of 26500 and 8000.
The S&P BSE Sensex ended at 26468.36, down 276.33 points or 1.03%. The 30 share index touched a high and a
low of 26814.20 and 26349.55 respectively. 7 stocks advanced against 23 declining ones on the benchmark index.
T he CNX Nifty lost 90.55 points or 1.13% to settle at 7911.85. The index touched high and low of 8019.30 and
7877.35 respectively. 10 stocks advanced against 40 declining ones on the index.
The market breadth on the BSE closed in negative. Advancing and declining stocks were 753 and 2367 respectively,
while 117 scrips remained unmoved.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 9350.72 and lost 2.40% while S&P BSE Small-cap index hammered
down by 3.21% to 10444.79.
The broader S&P BSE 500 index decreased to 10062.89 (down 1.44%) and CNX 500 index declined to 6343.15 (down
1.46%).
The volatility as denoted by INDIA VIX gained 6.06% at 13.30 from its previous close of 12.54 on Wednesday.
On the global turf, US markets ended mostly up whereas Asian and European markets were exhibiting mixed trades.
Among macro-economic developments, in a nasty surprise to the Oil and Gas companies, the Cabinet Committee
on Economic Affairs (CCEA) deferred its decision on revising gas prices, till November 15. The subject was taken up in
the meeting but the decision was not taken and deferred till the further date. Oil ministry was seen favoring
remunerative gas price to encourage the investments in exploration and production whereas the Power Ministry does
not want the rates to be hiked by more than 25% over the current price of $4.2 per million. Consequently, the stocks of
major Gas producers tumbled up to 3.7%.
Sectors in action
On the BSE Sectorial front, Information Technology (up 1.12%) and Healthcare (up 0.15%) were the top gainers.
Real Estate (down 3.21%), Oil & Gas (down 3.08%) and Metals (down 3.00%) were the top losers.
On stock-specific front, Reliance Industries (RIL) tumbled 3.7% on BSE on reports that the company is raising $800
million from Korea Exim (K-Exim) to fund its telecom arm Reliance Jio.
Rico Auto Industries spurted 4.9% on BSE on receiving approval for divestment of the entire 50% stake in FCC RICO,
the joint venture (JV) between the company and FCC Co. Japan, to FCC for gross consideration of Rs 495 crore.
Strides Arcolab tanked 9.7% on BSE after the company agreed to receive an amount of $150 million from Mylan Inc.,
USA as the full and final settlement against the Contingent Holdback of upto $250 million.
The Angels and the Devils
Dr. Reddys Laboratories Ltd (up 2.52%), Tata Consultancy Services Ltd (up 2.43%), GAIL (India) Ltd (up 2.22%),
Cipla Ltd (up 1.33%) and Infosys Ltd (up 1.21%) were the top gainers on the Sensex.
Axis Bank (down 4.64%), State Bank of India (down 4.38%), Hindalco Industries Ltd (down 4.32%), Bharat Heavy
Electricals Ltd (down 4.10%) and Reliance Industries Ltd (down 3.68%) were the top losers on the Sensex.
Benchmark Drivers
Reliance Industries Ltd (-72.59 points), ICICI Bank (-66.14 points), Tata Consultancy Services Ltd (43.38 points), State
Bank of India (-42.13 points) and Axis Bank (-34.91 points) were the major Sensex drivers today.

2. On the other end Reliance Industries Ltd (-18.15 points), ICICI Bank (-17.13 points), Tata Consultancy Services Ltd
(11.18 points), State Bank of India (-10.59 points) and Axis Bank (-8.51 points) were the major Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7936 for next session. The next support is at 7853 and on upside it has a resistance at
7995 levels.
CCNNXX NNiiffttyy
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
26-Sep-2014 7711 7794 7853 7936 7995 8078 8137 -
25-Sep-2014 7862 7906 7954 7998 8046 8090 8138 7911.85
24-Sep-2014 7812 7910 7964 8062 8116 8213 8267 8002.40
S&P BSE Sensex has a pivot at 26544 with first level of support and resistance at 26274 and 26739 respectively.
SS&&PP BBSSEE SSeennsseexx
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
26-Sep-2014 25809 26079 26274 26544 26739 27009 27203 -
25-Sep-2014 26304 26432 26588 26716 26873 27001 27158 26468.36
24-Sep-2014 26081 26413 26594 26926 27107 27438 27620 26744.69
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