Sensex falls over 200 points

The BSE Mid-cap Index is trading down 1.01% at 10,419, whereas BSE Small-cap Index is trading down 0.58% at 10,740.

At 9:20 AM, the S&P BSE Sensex is trading at 25,429 down 223 points, while NSE Nifty is trading at 7,741 down 71 points.

The BSE Mid-cap Index is trading down 1.01% at 10,419, whereas BSE Small-cap Index is trading down 0.58% at 10,740. 

Ahead of the expiry on Thursday, volatility surprised options traders. Massive call additions with puts unwinding at 7900 strike indicate that traders were not prepared for such big fallout of global events. Put writers would be forced to unwind or hedge the positions. A closing towards 7800 on futures can intensify selling pressure further.

Sterlite Tech could be in action on reports that it will acquire global firm Elitecore Tech.

ln spite of fiscal 2014-15 being an extremely challenging year, BHEL secured orders worth Rs.30,814 Crore, an increase of 10% over the previous year, in intensely competitive domestic and overseas markets.

External demand weakness and a slower-than-expected pace of enacting key reforms are holding back India’s growth acceleration, with the pace in 2015 now seen at 7.4%, down from 7.8% forecast earlier.

Reliance Industries has reportedly received a setback with the government clarified that the prevailing natural gas prices will apply to coal-bed methane (CBM) producers as well, according to reports. Report says that the company may have to settle for one-third of the $12 per mmBtu (million British thermal unit).