Market has been sluggish due to shakening in real estate stocks and poor global cues. The market had a good start today and the Sensex touched the upper level of 26550.8, Nifty managed to reach 7928. Though trading has continued in Midcap and Smallcap stocks.
Indeed, due to the ban imposed by SEBI on DLF and company's 6 executives for doing business in the market, DLF is down to 25 per cent. The decline in DLF also seems to affect the rest realty stocks. BSE Realty Index was down 7.5 percent. With metal, also selling is dominated in IT and FMCG stocks. However, pharma, capital goods and bank stocks were in buying trends.
The BSE 30-share index Sensex fell 114 points, i.e around 0.5 percent is trading at a level of 26270. The NSE 50-share index Nifty fell 42 points, i.e 0.5 percent is trading at 7843 levels.
In the market Sesa Sterlite, JSPL, NMDC, Tata Steel, Tata Motors, HDFC and Hindalco type luminaries share have fallen from 11.6 to 1.6 percent. However, Bajaj Auto, BHEL, IndusInd Bank, Cipla, Bharti Airtel and Reliance Industries type heavyweight stocks rose from 2.9 to 1 percent.
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