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MUMBAI: The interest-sensitive realty stocks fell by nearly 24 per cent in early trade on Friday on the Bombay Stock Exchange on capital outflows by foreign funds. BSE realty sector index suffered the most with a fall of 467.52 points or almost 24 per ce nt at 1,497.68 points after all the 14 constituents of the sector index moved down up to by 20 per cent.

Brokers said market's sentiments turned extremely depressed after Satyam Computer Services admitted that its earnings had been inflated over the past few years, triggering all-round selling, spread over a broad front.

They said fears that inflows from foreign funds could be adversely affected in view of major financial wrong-doings by Satyam Computer, influenced the market sentiments. “Panic funds as well as retail investors were indulged in nervous selling, pulling t he Sensex down, even decline in inflation failed to prop up stock prices,” said Mr Deepak Pahwa, a Delhi-based stock brokerage. - PTI

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