Sensex down 52 pointts as stocks decline on selling pressure

Last Updated: Tue, Dec 11, 2012 08:33 hrs

​The market, which retreated sharply after an upbeat start, is down in negative territory with modest losses now following some profit taking at several front line counters.

While the 30-share BSE sensitive index Sensex is down 51.72 points or 0.27% at 19,357.97, the Nifty is down with a loss of 23 points or 0.39% at 5885.90.

Realty stocks are among the major losers. Mirroring their decline, the BSE Realty index is now down as much as 2.3%. Power, PSU, consumer durales oil and bank stocks are also mostly trading weak.

Select automobile, metal, capital goods and information technology stocks are up in positive territory. Healthcare stocks are trading flat, while FMCG stocks have posted notable gains.

Among the stocks in the Realty index, Anant Raj Industries is down 5.3%, Indiabulls Real Estate is down with a loss of 4.5%, HDIL, Oberoi Realty and Parsvnath Developers are trading lower by 3% - 4 percent. DLF, Phoenix Mills and Prestige Estates are also trading sharply lower, while Sobha Developers is bucking the trend and is up in positive territory with a gain of 1.3%.

Power stocks BHEL, CESC, Crompton Greaves, GMR Infrastructure, Lanco Infratech, NHPC, Reliance Power, Suzlon Energy, Tata Power and Torrent Power are trading lower by 1% - 3.7%.

Hindustan Unilever, Sun Pharmaceutical Industries, Bajaj Auto, Ambuja Cements, Ultratech Cement and Jindal Steel & Power are up 1% - 2%. HDFC, ACC, BPCL and ITC are also up in positive territory.

BHEL and DLF are down more than 3%. Hindalco is down nearly 3% and Cairn India and Tata Motors are down 2%. Reliance Infrastructure, Bharti Airtel, Kotak Bank, Punjab National Bank and ONGC are also trading notably lower.

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