MARKET LIVEs: Sensex down 250 pts, RIL weighs; IT stocks bounce back

Stock market LIVE updates: Among other shares, CEAT was up over 6 per cent, JK Tyre over 3 per cent, and Apollo Tyres over 2 per cent

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Stock market LIVE updates: The key benchmark indices remained under pressure for the second straight day amid weakness in IT and power shares. On the other hand, pharma and FMCG stocks were seen holding steady gains.

The S&P BSE Sensex was down 250-odd points at 59,650 level, while the Nifty 50 was down 70 points at 17,635.
 

Losses in PowerGrid, Reliance Industries, TCS, Tech M, Bajaj Finance, Titan, HUL, Wipro, L&T, and Sun Pharma were weighing on the frontline indices.

In the broader markets, the BSE MidCap and SmallCap indices had advanced up to 0.6 per cent. 

Among sectors, the Nifty IT index slipped 0.4 per cent, while the Nifty Realty and PSU bank indices added up to 0.5 per cent.

New listing

Shares of Avalon Technologies made a tepid debut on the bourses on Tuesday, listing at Rs 431 on the BSE. This was a 1.15 per cent discount to its issue price of Rs 436 apiece. 

2:43 PM

Nifty Realty up 13% so far in April; Godrej, DLF, Oberoi zoom up to 27%

Shares of real estate companies continued their upward movement with the Nifty Realty index gaining 2 per cent on the National Stock Exchange (NSE) in Tuesday’s intra-day trade on a constructive outlook on the sector. 

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