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Markets closed in the Loss, Realty stocks fall heavily

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Market front line indices drawn-out its losses through the afternoon session and closed in the red. The Sensex declined 229-pts at 40,116 and the Nifty shed 73-pts at 11,840.45.

Yes Bank, Gail, Zee Entertainment, Adani Ports and Grasim are among the top contributors to the index losses in the Nifty, while gains are crowned by  Britannia, TCS, Reliance and Nestle India.

The entire sectoral indices on the Nifty slipped, with major fall in Nifty media, down 4.53%, followed by PSU bank, down 3.14%

The popular Bank Nifty index slipped over 574 points led by Yes Bank, State bank of India, Axis Bank and Bank of Baroda Bank. Take Free Stock tips from the Top Advisory

Shares of Yes Bank slipped 5.68% coming out in the top losers line on the Bank Nifty index. SBI stock shed 3.58-pc

The Metal index also declined over 2% to 2,556.65 led by  Jindal Steel National Aluminium and Sail.

Pharma, Realty and FMCG indices have also ended in the red today. In the 50-scrip Nifty, merely 11 stocks advanced whereas the rest 39 stocks slipped. For Free stocktips visit our website.