Sensex down 240 pts, Nifty below 25,250; SMIDs fall; realty drags, metals gain

Indian equity benchmarks were trading largely flat, with a slight negative bias, dragged down by losses in realty stocks.

At 11:37 AM, BSE Sensex was trading at 82,150, down 157 points or 0.19 per cent. Likewise, NSE Nifty50 was trading with a loss of 40 points or 0.16 per cent at 25,250.

Kotak Mahindra Bank, TCS and Tech Mahindra were top gainers on the 30-share BSE Sensex index. On the flipside, IndiGo, Power Grid and Adani Ports are among top losers.

Among the broader markets, the Nifty Midcap 100 and Nifty Smallcap 100 indices were trading lower by 0.37 per cent and 0.48 per cent, respectively.

Sectoral indices were trading on a mixed note, with Nifty Media, Pharma, FMCG and Consumer Durables trading higher by up to 0.90 per cent, while Realty, PSU Bank, Private Bank, Auto and Media indices were in the red, with losses extending up to 1.42 per cent.
Primary market action

Action in the mainboard IPO segment will remain muted on Friday with no issues or listing. However, in the SME space, bidding for Hannah Joseph Hospital and Shayona Engineering open today, and the KRM Ayurveda IPO will end today.