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Market Now: Nifty Realty index falls 2%; DLF top drag

ETMarkets.com|
Updated: Sep 22, 2017, 11.44 AM IST
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Benchmark Nifty50 index was trading marginally up of 10,000-mark, while the 30-share Sensex was below 32,100-level.
Benchmark Nifty50 index was trading marginally up of 10,000-mark, while the 30-share Sensex was below 32,100-level.
NEW DELHI: Realty stocks such as DLF (down 4.22 per cent), Indiabulls Real Estate (down 3.58 per cent) and Unitech (down 3.40 per cent) tanked over 3 per cent in Friday's trade, causing the Nifty Realty index crack over 2 per cent.

The Nifty Realty index was trading at 279, down 2.10 per cent around 11.12 am (IST).

Shares of Prestige Estates Projects (up 0.78 per cent), Phoenix Mills (up 0.35 per cent) and Godrej Properties (up 0.27 per cent) were the three gainers in the index around that time.

The BSE Sensex slumped about 300 points to 32072 points in trade today on heavy selling in banking, financial, capital goods and FMCG stocks amid sustained foreign fund outflows and weak global cues.

Weak Asian cues after China's sovereign rating was downgraded by agency on fears over its ballooning debt and sustained foreign fund outflows, too negatively impacted sentiments, PTI reported.

The laggards were ICICI Bank, Tata Steel, Coal India, Axis Bank, Bajaj Auto, L&T, SBI, ONGC, Reliance Industries, Hero MotoCorp, TCS, Infosys and NTPC, falling by up to 2.09 per cent.

Benchmark Nifty50 index was trading marginally up of 10,000-mark, while the 30-share Sensex was below 32,100-level.

On the NSE, 288 stocks were advancing, compared with 1302 stocks declining and 369 stocks remaining unchanged.

On BSE, 520 stocks were advancing whereas 1,760 stocks were lagging and 120 stocks were appearing unchanged.

For trending stocks and buzzing news, track this LIVE BLOG from Dalal Street

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