The key equity benchmarks continued to trade with deep cuts in mid-afternoon trade. The Nifty 50 index traded tad below the 17,800 mark. Realty stocks recorded across the board selling. Negative global cues triggered profit selling in domestic shares following recent steep gains. The Nifty 50 index jumped 3.31% in the past eight trading sessions. The recent resurgence in the US dollar index also spooked investors.
At 14:28 IST, the barometer index, the S&P BSE Sensex, was down 562.55 points or 0.93% to 59,735.45. The Nifty 50 index lost 164.60 points or 0.92% to 17,791.90.
The Nifty regained the 17,800 mark after hitting the day's low of 17,727.70 in early afternoon trade. Banks, realty and financial shares dragged.
In the broader market, the S&P BSE Mid-Cap index shed 1.05% while the S&P BSE Small-Cap index declined 0.77%.
The market breadth was negative. On the NSE, 1359 shares rose and 2021 shares fell. A total of 113 shares were unchanged.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose to 7.276 as compared with 7.242 at close in the previous trading session.
In the foreign exchange market, the rupee was lower against the dollar. The partially convertible rupee was hovering at 79.7950, compared with its close of 79.6400 during the previous trading session.
MCX Gold futures for 5 October 2022 settlement shed 0.15% to Rs 51,527.
The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.21% to 107.71.
In the commodities market, Brent crude for October 2022 settlement fell $1.43 or 1.48% to $95.16 a barrel.
Buzzing Index:
The Nifty Realty index fell 2.37% to 448.45. The index had gained 3.14% in the past five sessions.
DLF (down 4.19%), Godrej Properties (down 2.83%), Macrotech Developers (down 2.72%), Sunteck Realty (down 2.43%) and Indiabulls Real Estate (down 2.14%) were the top losers.
Among the other losers were Phoenix Mills (down 1.43%), Prestige Estates Projects (down 1.31%), Oberoi Realty (down 1.01%) and Sobha (down 0.58%).
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app