Barring the FMCG index, all sectors traded lower. Nifty Realty was the biggest loser with losses of over 2 percent. Majors like DLF, Godrej Properties, Lodha and Oberoi Realty dragged the index.
As per provisional closing, the barometer index, the S&P BSE Sensex, declined 528.28 points or 0.68% to 77,620.21. The Nifty 50 index tumbled 162.45 points or 0.69% to 23,526.50.
The Nifty PSU Bank index emerged as the biggest laggard among sectoral indices, declining 1 percent, weighed down by sharp losses in SBI, Bank of Baroda, and Union Bank.