D-Street Buzz: Realty, banks plunge dragged by SBI, Indiabulls Housing; metals fall, RIL down 3%

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Reliance Is The World’s Costliest Energy Stock To Own

It is nightmare on Dalal Street because the Indian inventory market is witnessing unprecedented fall on the again of weak world cues and the rupee hitting new report low towards the greenback. The Nifty50 has plunged 279 factors, buying and selling at 10,181 whereas the Sensex has crashed over 850 factors at 33,888.

Nifty realty witnessed the largest fall, down over Four p.c dragged by Prestige Estates, Unitech, Godrej Properties, Indiabulls Real Estate, DLF and Oberoi Realty.

Bank Nifty is down over Three p.c as Axis Bank, ICICI Bank, IDFC Bank, PNB, RBL Bank, State Bank of India and YES Bank traded decrease by 3-Four p.c.

From the oil & fuel house, Reliance Industries is down 3.5 p.c adopted by BPCL.

IT shares are additionally within the pink regardless of rupee at report lows dragged by TCS, Infibeam, Tata Elxsi, Infosys, KPIT Tech, Mindtree and HCL Tech.

Nifty steel has additionally shed Three p.c with loses from JSPL, Hindalco Industries, Tata Steel, JSW Steel and SAIL amongst others.

Nifty PSU financial institution has fallen 4 p.c dragged by State Bank of India, Indian Bank, Punjab National Bank, Syndicate Bank, Union Bank of India and Bank of Baroda.

From the BSE midcap house, DHFL is down 8 p.c adopted by Cholamandalam Investment, Adani Power and IIFL Holdings.

From the BSE smallcap house, the highest losers embody SMPL Infra which tanked 14 p.c adopted by Somany Ceramics, Mohota Industries and Emmbi Industries amongst others.

The prime NSE gainers embody solely ONGC and GAIL India.

The prime NSE losers are Bajaj Finance, Indiabulls Housing Finance, Axis Bank, M&M and Bajaj Finserv.

The most lively shares are Reliance Industries, Indiabulls Ventures, Bajaj Finance, TCS and YES Bank.

177 shares have hit new 52-week low together with names like 8K Miles Software, Andhra Bank, Bank of Baroda, Bharti Airtel, Bombay Dyeing, Castrol, CG Power, GIC Housing Finance, Hindustan Aeronautics, HUDCO, Jubilant Life Sciences, KEC International, Marico, Motherson Sumi Systems, PNB Housing Finance, NBCC, Sun Pharma Advanced Research, Sobha, Titagarh Wagons and Unitech amongst others.

The breadth of the market favoured declines, with 170 shares advancing, 1391 declining and 464 remaining unchanged. On BSE, 230 shares superior, 1379 declined and 42 remained unchanged.

Disclosure: Reliance Industries Ltd. is the only beneficiary of Independent Media Trust which controls Community18 Media & Investments Ltd.

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