Markets come off highs to close flat, Indiabulls Real Estate tanks 10%

Indian benchmark indices NSE Nifty and BSE Sensex erased all the intra-day gains to close flat in the last hour of trading on Thursday. NSE Nifty closed at 9,630, down by 3.60 points, but still above the 9600-mark, while the BSE Sensex closed higher by 7.10 points or 0.02 per cent at 31,290.74. BSE Mid-cap index closed lower by 0.59 per cent at 14,763.07, whereas BSE Small-cap index closed with a loss of 0.55 per cent at 15,609.49. India VIX also closed higher by 2.67 per cent at 11.20.  
 
All the BSE sectoral indices were trading in the red, except BSE Finance, BSE Telecom and BSE Bankex. BSE Bankex was the top gaining index, up by 0.16 per cent with SBI and Yes Bank driving the index with over one per cent gain, while Bank of Baroda lost the most in the index. Mannapuram Finance gained the most in BSE Finance index, up by nearly 4 per cent, followed by Capital Trust, up by 3.39 per cent. However, Magma Fincorp lost nearly 5 per cent on the bourses, becoming the top loser in the BSE Finance index.  
 
BSE Oil & Gas index was the top losing index, with HPCL and IOCL losing over 3 per cent on the BSE, while Reliance Industries was the only stock trading in the green in the segment, up by one per cent. Realty index was also among the top losing index, with IndiaBulls Real Estate tanking almost 10 per cent and pulling down the index.
 
Sun Pharma, Aurobindo Pharma and HDFC became the top gainers in Nifty, while IOC, Lupin, Hindalco were the top Nifty losers.