Friday 20 March 2015

Nifty below 8,650 levels

The India VIX (Volatility) index has plunged 3.5 per cent at 14.65.

The BSE Sensex and the NSE Nifty continue to trade on a sideways note with negative bias, owing to sustained selling in index heavy-weights - power, consumer durables, FMCG, realty, Oil & gas and auto shares.

Currently, the BSE Sensex is down 38 points at 28,4324 and the NSE is down 21 points at 8,614.

The broader market is witnessing heavy losses. the CNX Smallcap index has shed over a per cent at 5,617. The Midcap and Nifty Junior indices have also declined almost a per cent each at 13,078 and 19,704, respectively.

The India VIX (Volatility) index has plunged 3.5 per cent at 14.65.

All sectoral indices are trading in red, except, the IT index which is up 0.5 per cent at 12,336.

The CNX Realty index has slipped 2 per cent at 222. The FMCG and Energy indices have dropped over a per cent each at 20,186 and 8,333, respectively.

The Bank Nifty, Auto, PSU Bank, Metal and Infra indices are the other notable losers.

In the Realty space - HDIL has cracked over 5 per cent at Rs. 103. Unitech has plunged over 3.5 per cent at Rs. 18.60. Indiabulls Real Estate has slipped almost 3 per cent at Rs 68.15.

Delta Corp has tumbled 3.4 per cent at Rs 83.25. Sobha has dropped almost 2 per cent at Rs. 425.

DLF has shed 1.5 per cent at Rs. 161 and Prestige Estates has moved down over a per cent at Rs. 265.

Phoenix Mills, however, has jumped over a per cent at Rs. 374.

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