Sensex, Nifty remain in negative territory

 Banking, realty, infra and metal stocks are witnessing selling pressure on the bourses. Gail, HDFC and Cairn India are among the major losers.

The market continues to trade on a lower note on the back sustained selling in banking, realty and infra shares. At 11:25 AM, the Sensex is down 77 points at 27,819. The Nifty is down 18 points at 8,380. The broader market is out-performing the benchmark index. The CNX Midcap index has added 0.4 percent at 5,369 and the CNX Midcap index is marginally in green at 13,059. Sectorwise, the Bank Nifty has slipped over a percent. The CNX Realty and the CNX Infra indices have dropped nearly a percent each. The CNX Metal index has shed 0.6 percent. On the other hand, the CNX IT index has jumped 1.4 percent. The CNX Pharma index has added over 0.5 percent. Among Nifty losers - Gail has tumbled over 3 percent at Rs. 400. HDFC and Cairn India have dropped 2 percent each at Rs. 1,282 and Rs. 184, respectively. Kotak Bank, Vedanta, BHEL, Tata Power and Bharti Airtel have shed around 1.5 percent each. Hindalco, Punjab National Bank, Yes Bank, Larsen & Toubro and ICICI Bank are among notable losers. 

Stock Market Research And Advisor