Post Session-Sensex tumbles 276 pts amid F&O expiry Analysis for Sep 25, 2014

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The key domestic benchmarks ended lower as the Sensex slumped by 276 points led by realty and oil & gas stocks as traders rolled over their positions on the day of the expiry of the September F&O contracts. Further, the mass cancellation of coal blocks allocated since 1993 fueled fears over coal shortage in the Indian economy while the government"s decision to defer a gas price hike also weighed on sentiment, hitting oil & gas stocks. Investors failed to be lifted by Prime Minister Narendra Modi"s 'Make in India" campaign which was launched today. The initiative seeks to make India a global manufacturing hub, rivaling China.

The BSE SENSEX closed at 26,468.36, down by 276.33 points or by 1.03 per cent, and the NSE Nifty ended at 7,911.85, down by 90.55 points or by 1.13 per cent.

The BSE Sensex touched intraday high of 26,814.2 and intraday low of 26,349.55. The NSE Nifty touched intraday high of 8,019.3 and intraday low of 7,877.35.

Meanwhile, the BSE MIDCAP closed at 9,350.72, down by 230.11 points or by 2.4 per cent, while the BSE SMLCAP ended at 10,444.79, down by 346.65 points or by 3.21 per cent.

On the Sectoral front, realty and oil & gas stocks shed 3.21 per cent and 3.08 per cent, respectively.

The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3209, shares advanced were 740 while 2356 shares declined and 113 were unchanged.

The top losers of the BSE Sensex pack were Axis Bank Ltd. (Rs. 378.35,-4.64%), State Bank of India (Rs. 2378.35,-4.38%), Hindalco Industries Ltd. (Rs. 149.55,-4.32%), Bharat Heavy Electricals Ltd. (Rs. 203.30,-4.10%), Reliance Industries Ltd. (Rs. 929.40,-3.68%), among others.

Story first published: Thursday, September 25, 2014, 17:36 [IST]
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