INSUBCONTINENT EXCLUSIVE:
The Indian equity benchmarks snapped their two-day winning streak on Tuesday dragged by losses in HDFC twins, Bajaj Finance, Kotak Mahindra
Bank, Maruti Suzuki, Axis Bank and HCL Technologies
The Sensex fell as much as 332 points at the day's lowest level and Nifty 50 index briefly dropped below its important psychological level
The markets however, recovered most of their losses by the end of the day on the back of buying in Reliance Industries, ICICI Bank, Mahindra
Nifty is able to sustain the level of 18000, market can witness a positive momentum which can lead to higher levels near 18,250
The momentum indicators like RSI and MACD indicating positive momentum in the market," said Vijay Dhanotiya, senior research analyst at
CapitalVia Global Research.Seven of 15 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Financial Services
index's 0.7 per cent decline
Nifty Bank, FMCG, Metal and Consumer Durable indices also ended on a negative note.On the other hand, Nifty Oil - Gas, PSU Bank, Auto and
Healthcare indices ended higher.Mid- and small-cap shares outperformed their larger peers as Nifty Midcap 100 and Nifty Smallcap 100 indices
rose 0.4 per cent each.Britannia Industries was top Nifty loser, the stock fell 2.6 per cent to close at Rs 3,621 after its net profit fell
23 per cent to Rs 384 crore in September quarter.HDFC Bank, HDFC, NTPC, Bajaj Finance, Maruti Suzuki, JSW Steel, Shree Cements, Power Grid
and Hindalco also fell between 1-1.7 per cent.On the flipside, Mahindra - Mahindra was top Nifty gainer, the stock rose 5.24 per cent to
close at Rs 904 after its profit jumped multifold to Rs 1,929 crore from Rs 136 crore in the year ago period.Tata Motors, Hero MotoCorp,
State Bank of India, ONGC, Reliance Industries, ICICI Bank, Adani Ports, Larsen - Toubro and Divi's Labs also rose between 0.8-1.9 per
cent.The overall market breadth was positive as 2,007 shares ended higher while 1,304 closed lower on the BSE.
