Live Stock Market Updates – Markets lack momentum, Realty stock dip post GST rate hike

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The government on Thursday spiked the GST rates, which is to be rolled out on Friday midnight. Consequent to this both Nifty Realty and BSE Realty index was the top losing index on Friday’s early trading session.

Share of Indiabulls Real Estate is down by 2.8%, DLF is down by 2.2% and HDIL is down by 2.1%, whereas other stocks such as, Sobha is down by 2.3%, Unitech is down by 1.9%, Omaxe is down by 0.5%, Oberoi Realty is down by 0.4% and Godrej Properties is down by 0.4%.

At 10 AM PM, the S&P BSE Sensex is trading at 31,720 down 137 points, while NSE Nifty is trading at 9462 down 41 points. A total of 47 stocks registered a fresh 52-week high in trade today, while 25 stocks touched a new 52-week low on the NSE.

There are 517 advances, 991 declines and 432 unchanged stocks on NSE reflecting a negative tone in the market.

The BSE Mid cap Index is trading down 0.14% at 14532, while BSE Small cap Index is trading down 0.37% at 15253.

Some buying activity is seen in Power, IT, while, Realty, Bankex, Auto and Energy showing weakness on BSE.

Adani Ports, Bharti Infratel, Reliance, TCS, Indusind Bank and Bajaj Auto are among the gainers, whereas Cipla, Aurobindo Pharma, Lupin, Dr Reddy’s are losing on the NSE.

The INDIA VIX is up 4.5% at 11.


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