Despite gains by the Sensex heavyweight Reliance Industries or RIL by over 2 per cent in the intraday trade on Thursday, the Indian indices ended up in red zone. The BSE Sensex lost 135 points after closing at 39,140 levels while the 50-stock Nifty went down 34 points and closed at 11,752 levels. Metal major Oberoi Realty stocks bleed near 4.5 per cent, Reliance Infrastructure went southward over 8 per cent while Suzlon Energy counter was down over 4.5 per cent.

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Talking about the markets Deepak Jasani, Head of Retail Research, HDFC securities said, "On global front, while German investor sentiments improved to the best in 11 months and China Q1 GDP and Industrial production numbers surprised positively, the global equity markets were not moved majorly by these events over Wednesday/Thursday. In India, Reliance stock could be in limelight due to two developments – possible sale of 25 per cent stake in refining and petrochem business in Saudi Aramco and possible acquisition of UK based toy store chain Hamleys. However its Q4 results are due, which may limit the upside. On the other hand, Jet Airways stock could come under pressure as it suspended operations temporarily due to lack of funding. Metal stocks could do well even as copper prices touched a 9 month high." He said that FIIs continue to be bullish on India. Nifty after having touched an all-time high on Tuesday, could continue to move up on Thursday, although the long weekend ahead could tamper some part of bullishness. Eventually in this move Nifty could reach 12,100 in the next 1-2 weeks. Banks Auto and Oil & Gas stocks could do well.

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Realty stock led the bear run on Dalal Street today as the BSE Realty index went down near 2.3 per cent today. Realty major Prestige Estates Projects crashed 6.3 per cent, shares of Oberoi Realty dipped 4.4 per cent, Indiabulls Real Estate counter went down around 4.8 per cent, Shobha Developers scrip went down 2.9 per cent while Godrej Properties shares went off 3.2 per cent.

Power stocks also witnessed heavy profit booking. The BSE power index went off near 1.3 per cent. Power major Suzlon Energy crashed near 4.48 per cent, Reliance Infrastructure stocks nosedived ovr 8 per cent, CG Power and Industrial Solutions scrip dipped over 5 per cent, JSW Energy went down 2 per cent, Torrent Power counter went off 2.2 per cent while GMR Infrastructure stocks slide around 1.9 per cent.

Asian stocks had a choppy session today. Japan's Nikkei 225 went down 0.84 per cent, South Korean Kospi corrected near 1.43 per cent, Hang Seng went down 0.54 per cent while the Shanghai index went off nera 0.4 per cent.