INSUBCONTINENT EXCLUSIVE:
The SP BSE Sensex fell for eighth session in a row while NSE Nifty logged in seventh session of losses led by declines in blue-chip stocks
like Reliance Industries, Tata Consultancy Services, ITC and HDFC Bank
Domestic equity markets bucked the bullish trend seen across the global markets as the SP BSE Sensex ended 0.87 per cent or 310.51 points
lower at 35,498 and the NSE Nifty 50 Index dropped 0.78 per cent or 83 points to shut shop at 10,640.95.Hopes of progress in Sino-U.S
trade talks and expectations of policy stimulus from central banks lifted world stocks to 2-1/2 month highs on Monday, though European gains
were dampened by concerns over the car sector's outlook.Back home, seventeen of 19 sector gauges compiled by BSE ended lower led by the SP
BSE Consumer Durables index's 1.4 per cent decline
On the other hand, SP BSE Telecom Index was top gainer, up 1 per cent.Indiabulls Housing Finance was top loser in the Nifty 50 basket of
shares, down 3.5 per cent to close at Rs 617
Tata Consultancy Services, Reliance Industries, Bajaj Finserv and Yes Bank were also among the losers
On the flipside, Bharti Infratel was top gainer, the stock rose 3.13 per cent to Rs 316.50
ONGC, Zee Entertainment, Tata Motors, Axis Bank, Tech Mahindra and NTPC were also among the gainers.Mid- and small-cap shares underperformed
their larger peers as the SP BSE Midcap and SP BSE Smallcap Indices fell 1 per cent each.The overall market breadth was bearish as 1,676
shares ended lower while nearly 880 shares ended higher on the BSE.
