Markets continue trading with a negative note on Friday. The Nifty FMCG index was trading marginally down by 0.15% at 27,393 posts lunch hours of trade. Nifty Bank index down by over 2 percent in trade as fresh selling goes on. Also Shares of Godrej Consumer Products were trading up 0.06% during the day.
Benchmark NSE Nifty50 index was 206 points down at 10,810, while the Sensex was 735 points down at 35,170.
FMCG stocks traded lower, which include Tata Global Beverages (down 3.52%), United Breweries (down 3.11%), Godrej Industries (down 2.90%), United Spirits (down 2.66%) and Jubilant Food works (down 1.87%.
Nifty Realty Index falls over 4%, namely DLF (-7.61%), Housing Development & Infrastructure (down 8.47%), Unitech (down 9.09%), Prestige Estate projects (down 6.13%), Sobha Ltd (down 2.91%), whereas Nifty IT Index trading marginally up with Tech Mahindra, HCL Tech and TCS up by 1 percent each.
PSU Banks Index fell over 3 percent, with IDBI Bank, Canara Bank down by 6 percent each while Bank of India, Indian Bank and Andhra Bank were trading down by 4 percent each.
Stocks of Vakrangee slumps 10 percent for the third consecutive day, while shares of PC Jeweller pares losses falling over 16 percent.
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