Banks, realty scrips drag markets

Banks, realty scrips drag markets
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First Published: Thu, Aug 21 2008. 03 56 PM IST
Updated: Thu, Aug 21 2008. 03 56 PM IST
New Delhi: The markets ended weak ahead of inflation data due later in the day with the benchmark index settling nearly 3% or 434 points lower at 14,244 levels with 29 of the 30 components falling.
Similarly, the wider-based NSE index ended down 132 points at 4,283 levels.
Leading the pack of losers among Sensex scrips was State Bank of India. The counter slipped 7.1% by close. DLF Limited, ICICI Bank, NTPC, Reliance Infra, Reliance Industries and Infosys Technologies were some of the other key losers.
However, Ranbaxy Laboratories was the only counter that managed to stay afloat. It firmed by 1.5% to Rs513 levels.
Among sectoral indices, the banking index was the worst hit with State Bank of India, ICICI Bank, Axis Bank, Kotak Mahindra Bank, Yes Bank, Canara Bank, HDFC Bank and Karnataka Bank losing considerable ground.
Realty scrips also witnessed heavy sell-off. Sobha Developers, DLF Limited, Unitech Limited, Parsvnath Developers, Peninsula Land, Phoinix Mills and Omaxe were some of the top losers in this space.
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First Published: Thu, Aug 21 2008. 03 56 PM IST
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