Equity indices trade lower Adani Ports down 17 pc

Broad equity indicators dipped during early hours on Monday dragged by metal and banking stocks.At 10:15 am, the BSE S&P Sensex was down by 177 points or 0.34 per cent at 52,298 while the Nifty 50 edged lower by 76 points or 0.48 per cent to 15,723.Except for Nifty IT which inched higher by 0.3 per cent, all sectoral indices at the National Stock Exchange were in the negative terrain. Nifty metal cracked by 3.2 per cent, realty by 2.5 per cent, PSU bank by 2.4 per cent and financial service by 1.3 per cent.Among stocks, Adani Ports sank by 17 per cent to Rs 697.45 per share after reports said that National Securities Depository Ltd (NSDL) has frozen the accounts of three foreign funds -- Albula Investment Fund, Cresta Fund and APMS Investment Fund -- which together own over Rs 43,500 crore worth of shares in four Adani Group companies.Coal India, Hindalco, Tata Motors, Maruti Suzuki, HDFC and State Bank of India too were in the red.