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Sensex fluctuates 491 pts, ends 13 pts down; realty stocks rally; IT slide – Business Standard

Stock market updates: Indian equities extended their losing streak into third straight session as a weak start in the European markets, coupled with likely lower start on Wall Street, lured investors into profit booking during the second half of the trading session. 

After starting gap-up, the frontline dropped 491 points from the day’s high to hit a low of 52,209. It, however, ended 13 points, or 0.03 per cent, down at 52,373 levels. The broader Nifty50, meanwhile, closed at 15,693 levels, up 3 points. Adani Ports, BPCL, Bajaj Auto, HDFC twins, Infosys, Bharti Airtel, and Tata Steel dragged the benchmarks lower today. 

The broader markets, on the flipside, outperformed the benchmarks with the BSE MidCap and SmallCap indices rallying 0.40 per cent and 0.75 per cent, respectively. Sectorally, the NIfty Realty index zoomed 3.6 per cent on the NSE while the Nifty IT index slipped 0.4 per cent.

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