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Sensex continues downward slide, Nifty realty dips 6.2 pc as DLF cracks 17 pc

ANI | August 22, 2019 10:37 AM
DLF plummets over 17 per cent to Rs 141.35 per share on Thursday morning

Mumbai (Maharashtra) [India], Aug 22 (ANI): Equity benchmark indices were in the negative zone during early hours on Thursday in line with global cues as uncertainty continued over the chance of global fiscal stimulus.

At 10:15 am, the BSE S&P Sensex was down by 129 points at 36,932 while the Nifty 50 edged lower by 46 points to 10,873.

At the National Stock Exchange, all sectoral indices were in the red except for FMCG. Nifty realty plunged by 6.3 per cent.

Among auto stocks, realty major DLF plummeted 17.5 per cent to Rs 141.35 per share. Oberoi Realty was down 4.3 per cent while Indiabulls Housing Finance suffered a bruising fall of 7.8 per cent to Rs 445.80 per share and Yes Bank lost by 4.2 per cent.

The other prominent losers were Bajaj Finserv, Vedanta, Adani Ports and JSW Steel which lost over 2 per cent each. Hindalco, Zee Entertainment, IndusInd Bank and Bajaj Finance too were in the red.

But FMCG major Britannia gained by 2.6 per cent. Dr Reddy's, ITC, Bharti Infratel and Hindustan Lever showed marginal gains.

Meanwhile, Asian shares went flat as uncertainty continued over the outlook for US interest rates and the global fiscal stimulus.

MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.2 per cent in very light volumes. Japan's Nikkei was down by 0.05 per cent and Shanghai Composite Index slipped 0.18 per cent. Hong Kong's Hang Seng too lost by 0.8 per cent.

(ANI)

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