Sensex, Nifty Snap Two-Day Winning Streak; Reliance Falls After Q1 Earnings

Seven of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Realty index's nearly 1 per cent fall.

The Indian equity benchmarks snapped their two-day winning run on Monday dragged down by losses in index heavyweight Reliance Industries after it reported 7 per cent decline in net profit in quarter ended June 1. The billionaire Mukesh Ambani-promoted company was the top drag on the Sensex followed by HDFC, HDFC Bank, State Bank of India and Larsen & Toubro, data from BSE showed. However, the downside was capped for markets as Infosys, Kotak Mahindra Bank and UltraTech Cement provided support. The Sensex ended 124 points or 0.23 per cent lower at 52,852 and Nifty 50 index slipped 32 points or 0.2 per cent to close at 15,824. "Nifty made an attempt to hold above an important support level of 15,800. While sustaining above 15,800 is the key factor from a short-term perspective, we expect the Nifty to extend the rally till 15,920-15,950, Gaurav Garg, Head of Research, CapitalVia Global Research told NDTV.