Markets end sharply lower; IT, Realty stocks drag

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Markets end sharply lower; IT, Realty stocks drag
Markets ended the day sharply lower with IT, Realty heavyweights dragging indices lower and political uncertainty also weighed on the sentiment.

Markets remained lacklustre, due to foreign cues such as US job growth data to be released Friday

The Sensex and the Nifty both fell along with global markets. The Sensex ended the day lower by 291 points, while the Nifty fell 98 points in trade. IT, Realty, and metal and TECk stocks came in for heavy selling pressure.

IT faced some selling pressure, with Infosys down 2.74%, while TCS shed 2.36%, HCL tech was lower by 4.74%

DLF was down 2 percent on reports of the company seeking shareholders' nod to raise fresh equity.

Cement, technology and banks were among the big losers.

Nifty stocks that gained in trade today were Dr Reddy, Coal India Hindustan Unilever, Maruti and Tata Motors.

Among the top losers in trade from the Nifty were Ultra Cement, JP Associates, Jindal Steel, HCL Tech and Reliance Infra.

Read more about: sensex, nifty
Story first published: Thursday, April 4, 2013, 15:52 [IST]
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