Domestic
equity markets remained in red with Sensex falling around 500 points and Nifty
declining over 175 points in late morning deals on account of selling by funds
and retail investors. Sentiments remained weak as foreign institutional
investors (FIIs) sold equities of Rs 3,411 crore on November 19. Further,
weakness also prevailed in markets as domestic rating agency Icra said India's
real GDP growth for the September quarter is likely to decline to 6.5 per cent
due to heavy rains and weaker corporate performance. Meanwhile, Adani Group
stocks namely Adani Energy Solutions, Adani Power, Adani Enterprises, Adani
Green Energy, Ambuja Cements, ACC and Adani Total Gas dropped after US prosecutors
indicted billionaire Gautam Adani and seven other senior business executives in
connection with an alleged $250 million bribery scheme.
On the global front, Asian markets were trading mixed following mixed cues from the US markets overnight. Back home, on the BSE sectoral front, traders were seen pilling up position in Realty, IT, Healthcare and TECK, while selling was witnessed in Utilities, PSU, Power, Oil & Gas and Energy
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