Sensex Falls Over 200 Points; IndusInd Bank & SBI Top Losers

Share markets in India have extended early losses and are presently trading deep in the red, tracking weak Asian markets.

Investor sentiments dampened after US Treasury Secretary said that the US would keep in place tariffs on Chinese goods until after November's presidential election.

Sectoral indices are trading on a mixed note with stocks in the banking sector and finance sector witnessing selling pressure, while realty stocks are witnessing buying interest.

The BSE Sensex is trading down by 232 points while the NSE Nifty is trading down by 71 points.

The BSE MidCap index is trading up by 0.3% and the BSE SmallCap index is trading up by 0.7%.

The rupee is trading at 70.86 against the US$.

Speaking of Indian stock markets, in this video below, Tanushree Banerjee tells how you should react to the biggest economic event of the year - the Union Budget.

Tune in to find out more...

In news from the realty sector, real estate developer's body National Real Estate Development Council (NAREDCO) has launched a real estate portal to boost sales and home buyers sentiment.

This portal will offer only ready-to-move-in properties having occupation certificate or building completion certificate, located anywhere in India to potential home buyers.

According to the industry reports, more than 1 lakh ready-to-move-in homes are available at present in the market and nearly 2.75 lakh new ready-to-move-in homes are expected to be added to the market over the next one year. NAREDCO is expecting over 1,000 projects to get listed on the portal.

In other news, the 23rd Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index Q42019 survey showed that the current sentiments of the real estate stakeholders in India have revived to the optimistic zone of 53 in the October-December quarter of 2019.

The index was in the pessimistic zone (below 50 mark) for two consecutive quarters.

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