Sensex falls 512 points as realty stocks drag Indian markets

business-standard.com —

Indian stock markets fell on Tuesday, with the S&P BSE Sensex declining 512.35 points (0.70%) to 72,259.37 and the Nifty 50 dropping 150.35 points (0.64%) to 22,631.35 by early afternoon. Realty shares led the losses, falling for a second consecutive session. Investor sentiment was cautious due to surging crude oil prices and rising global bond yields, though value buying at lower levels provided some support. The Nifty traded below the 22,650 mark, and market breadth was negative with 2,355 shares falling against 1,788 rising on the NSE. The India VIX volatility index jumped 3.31% to 14.09. The Nifty Realty index fell 0.86% to 843.60, down 2.95% over two sessions, with Oberoi Realty and Prestige Estates among top losers. Symbiotec Pharmalab gained 5.33% after receiving a US FDA clearance report.


With a significance score of 0.9, this news ranks in the top 79% of today's 33538 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: