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
, Crompton Greaves
, GMR Infrastructure
, Lanco Infratech
, 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
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
are also trading notably lower.