The Sensex is off 300 points and Nifty off 100 points from the dayÿs high. The Sensex is trying hard to hold on to 19000 but has slipped further into the negative. The Sensex is currently trading at 18941, down 351 points while Nifty is at 5657, down 124 points from the previous close. The market breadth is negative with advances at 343 against declines of 824 on the NSE.

The domestic story of India will remain good next year, says Sharmila Joshi of Prabhudas Lilladher, on CNBC TV18. The Diwali stock picks for the year ahead are BHEL, L&T, Bank of Baroda and ICICI Bank, she adds. These stocks are likely to show good returns with a long-term perspective of one year, she says.