The Sensex slumped 609 points or 1.7 percent to 35,065 and the NSE Nifty 50 Index dropped 1.8 percent or 196 points to 10,497. Market breadth was extremely bearish as 1,472 shares were declining while a little over 250 shares were advancing on the BSE.
Real Estate Stocks Worst Hit, Nifty Realty Index Slumps 2.7%
The shares of real estate companies were among the worst hit in today’s session. Unitech, Indiabulls Real Estate, DLF and Godrej Properties were among the top loser from this space.
Ashoka Buildcon Surges 7% On Winning Orders Worth Rs 794 Crore
The shares of the Mumbai-based construction company snapped its three-day losing streak and rose as much as 6.69 percent to Rs 127.55 after it won a railway project from Rail Vikas Nigam Limited.
The company bagged a railway project worth Rs 794.20 crore from Rail Vikas Nigam Ltd. for construction of roadbed, bridges in Bihar and Jharkhand, Ashoka Buildcon said in an exchange notification.
Adani Group Stocks Fall Up To 8%
The shares of companies led by Gautam Adani were trading lower led by Adani Power’s 8.4 percent fall.
Rupee Opens Sharply Lower Against $ : Rupee opened sharply lower at 71.31 per dollar against Friday’s close of 70.81. The local unit fell as much as 0.84 percent or 60 paise to 71.40 against the greenback.