Indian Equities plunge in late trade on Wednesday - Microsec

Indian equities plunged in late trade on Wednesday amid profit booking and on concern over possibility of early elections. Realty, capital goods and auto stocks led the drop in the market.

Nifty closed at 5672.90 down by 75.20points or 1.31% over the previous day closing of 5748.10 after witnessing a low of 5650.10 and a high of 5744.95. Sensex closed at 18801.64 down by 239.31points or 1.26% over the previous day closing of 19040.95.It touched an intraday low of 18721.72 and high of 19035.20.

The markets' breadth was negative. Out of 2893 stocks traded 1313 stocks advanced, 1449 stocks declined and 131 stocks remained unchanged. In Sensex, Out of 30 stocks 04 stocks advanced and 26 stocks declined.

Among the sectors, BSE Realty, BSE Capital Goods and BSE Auto were the main losers of the day, which decreased by 2.68%, 2.29% and 2.23% respectively.

In BSE Retal sector Godrej Prop, DLF and Indiabulls Real estate decreased by 4.11%,4.10% and 3.83% respectively. In BSE Capital Goods sector Crompton Greav, Punj Lloyd, and Alstom T&D declined by 4.29%, 4.15% and 3.64% respectively. In BSE Auto sector Bajaj Auto, Tata motors, and Exide Inds decreased by 3.68%, 3.45% and 2.49% respectively.

Source : Equity Bulls

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