Stock Market Updates: Sensex Falls 650 pts; Nifty Below 19,350; Realty Stocks Drag
Stock Market Updates: Sensex Falls 650 pts; Nifty Below 19,350; Realty Stocks Drag
Domestic markets started Thursday's trade on a weak note, following subdued cues from global markets.

Sensex Today: Domestic markets inched lower in Thursday’s intra-day trade, following subdued cues from global markets. Benchmark S&P BSE Sensex declined over 500 points to trade around 65,270 levels, whereas Nifty50 fell below 19,400 levels.

Broader markets were back in the red with the BSE MidCap and Smallcap indices down 0.1 per cent each.

Sectorally, Nifty Pharma index gained the most (up 1.4 per cent), while Nifty Realty index was the worst hit (down 1.6 per cent).

Among individual stocks, shares of Sanghi Industries rallied 3 per cent after Ambuja Cements entered into inter-corporate deposit agreement with the firm.

Global Cues

Globally, the US markets underwent a sharp sell-off overnight as investors sentiment remained muted post the Fitch credit rating downgrade. Major averages Dow Jones, the S&P 500, and NASDAQ Composite declined up to 2 per cent.

Asia-Pacific markets, too, followed similar footsteps to edge lower in early deals. Key indices Nikkei 225, Topix, S&P 200, Kospi indices slipped up to 0.8 per cent.

In the commodities market, prices of Brent Crude and WTI Crude hovered around $83 per barrel and $79 per barrel, respectively.

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