Key benchmarks indices ended Thursday’s trade in the negative terrain led by IT, auto and pharma stocks amid mixed global cues. The NSE Nifty50 index settled at 10,717, down 25 points, while the BSE Sensex closed at 35,246, down 73 points.
Big names such as Housing Development & Infrastructure (HDIL), DLF Limited, Unitech Ltd, , and Phoenix Mills , all ended lower, resulting to the sectoral index to negative zone.
Nifty Mid-cap stocks cracked with Federal Bank, KRBL and Indian Bank falling 11.47%, 10.13% and 8.65% respectively.
The Nifty Realty ended at 1.97 percent down at 310.70 with shares of DLF (down 3.91%), DHIL (down 3.37 percent), Unitech (down 2.86 percent), Indiabulls Real Estate (down 2.81 percent), Brigade Enterprises (2.25 percent) Phoenix Mills (1.66 percent), Oberoi Realty (1.42 percent), and Godrej Properties (1.05 percent) suffered.
Prestige Estates Projects and Sobha Developers were the only green spot rising up 0.74% and 0.50 percent respectively.
Shares of Tata Motors rose today after the company-owned Jaguar Land Rover (JLR) reported 11.9 per cent rise in retail sales in April 2018. On BSE, shares of the company went up by 0.30 percent to close at Rs 333.35.