The key domestic indices closed on a weak note. Nifty Realty, Nifty Chemicals and Nifty Metal shares declined, while Nifty IT shares advanced.

As per provisional closing data, the barometer index, the S&P BSE Sensex, fell 777.94 points or 1.04% to 74,003.82. The Nifty 50 index retreated 279.50 points or 1.19% to 23,118.60. In the past three trading sessions, the Nifty and Sensex moved lower by 1.34% and 1.02%, respectively.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index tumbled 2.17% and the BSE 250 SmallCap Index posted steep losses of 2.40%.

The market breadth was negative. On the BSE, 1349 shares gained and 3899 shares declined. A total of 200 shares were unchanged.

HDFC Bank Ltd was the top traded stock in NIFTY50 index today, recording a quantity of 503.88 lakh shares and recorded a sharp spurt of 114.15% compared to last one-week’s average daily volume. The stock has slumped by around 2.85% in last one-month and has tumbled 26.82% over last one year.

Tata Steel Ltd was the second highest traded stock in NIFTY50 index today, recording a quantity of 318.58 lakh shares and registered a sharp increase of 5.29% compared to last one-week’s average daily volume. The stock has fallen sharply by around 2.79% in last one-month and has spiked 8.02% over last one year.

Index action

The Nifty IT index increased by 2.19% to 29555.3 today. The index has slumped by 5.78% in last one week and has lost 9.12% over last one month. It is sharply lower by around 19.67% in last one year. HCL Technologies Ltd (up 3.95%), Infosys Ltd (up 3.79%), Mphasis Ltd (up 3.62%), Tata Consultancy Services Ltd (up 2.28%) and Tech Mahindra Ltd (up 2.26%) moved up.

The Nifty Realty index plunged 4.04% to 814.25 today. The index has dropped sharply by 6.54% in last one week and has inched lower by 4.57% over last one month. It has edged lower by 3.99% in last one year. Prestige Estates Projects Ltd (down 5.41%), Godrej Properties Ltd (down 5.07%), Lodha Developers Ltd (down 4.66%), Oberoi Realty Ltd (down 4.17%) and Brigade Enterprises Ltd (down 4.13%) dropped.

The Nifty Chemicals index dropped sharply by 3.42% to 28762.15 today. The index is marginally lower by 1.06% in last one week and has eased by 2.33% over last one month. It has gained modestly by 2.05% in last one year. Solar Industries India Ltd (down 13.64%), PCBL Chemical Ltd (down 5.14%), Sumitomo Chemical India Ltd (down 5.13%), Aarti Industries Ltd (down 4.87%) and Himadri Speciality Chemical Ltd (down 4.16%) moved lower.