Bearish global cues dent equity indices; realty stocks down

Bearish global cues subdued India's key stock market indices during the late-trade session on Thursday.
Besides, investors feared a roll-back of loose monetary policy will impact liquidity.

Globally, Asian markets were mixed on further crackdown on tech companies in China.

On a sector specific basis, power, FMCG and telecom indices gained, whereas, Consumer Durables, Realty and Healthcare indices were the main losers.

At 2.45 p.m., Sensex traded at 58,171.98 points lower by 78.28 points, or 0.13 per cent, from its previous close.

The Nifty50 on the National Stock Exchange traded at 17,327.50, lower by 26 points or 0.15 per cent from its previous close.

"Nifty opened lower and has remained in a range of 71 points by way of a zigzag move. Volumes seem to be on the lower side ahead of a three day weekend," said Deepak Jasani, Head of Retail Research, HDFC Securities.


"Nifty is barely up on a weekly basis. Advance decline ratio has improved to above 1:1, reflecting better sentiments amongst participants."

According to Gaurav Garg, Head of Research at CapitalVia Global Research: "Indian benchmarks continue weak trade in the afternoon session as global markets sentiments are bearish because of foreign funds outflow."

"Foreign Institutional Investors (FIIs) stood as net sellers in the capital market offloaded shares worth Rs 802.51 crore - IANS