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Markets Afternoon: Realty and Auto stocks slide


Shares of Real Estate companies were in the red in Wednesday’s afternoon session. The Nifty-Realty-index slipped 1.78-percent during the afternoon session at 2.45-pm, on the NSE.

Shares of Indiabulls Real Estate slipped 4.38 percent, Sunteck Realty-down by 3.24 pc, Mahindra LifeSpace Developers and Godrej Properties down by 3 pc each and were among major losers.

Further, Sobha, Prestige, DLF, Oberoi, and Phonix too slipped 1 to 2 percent in the Nifty Realty index.

IN the same velocity Auto stocks also skidded in the bourses. The Nifty auto index break down by 2.12 percent at 7,209.50.  Avail the most updated  Best Stock Nifty trading tips from here.

Ashok Leyland, Bosch, Apollo Tyre, Tata Motors, Amaraja Batteries, and Mother Sumi slipped by 3 to 4 per cent.

In Addition, Bajaj-Auto, M&M, TVS Motor, MRF, Bharat Forge, Hero Motocorp, Eicher Motors, Exide and Maruti Suzuki slipped by 1 to 2 per cent in range. See the latest stock to buy updates from our experts.

Meantime, Sensex slipped at 39893, down by 388 points and the Nifty stood at 11667, down by 130 points at 2.45-pm.