Anant Raj, DLF, Sobha fall up to 3% as realty stocks resume losing streak
Real Estate stocks in focus today: Domestic real estate stocks witnessed another round of selling pressure in Thursday's trading session, as the Nifty Realty index tumbled 2% to end the day at 1,006, extending its decline for the fourth straight session amid weak global cues and profit booking.
All 10 constituents of the index ended the session in the red, with Anant Raj emerging as the top laggard, falling 3% to ₹ 556 apiece. It was followed by Phoenix Mills, Godrej Properties, DLF, Brigade Enterprises, Macrotech Developers, and Sobha, all of which declined over 2%.
Real estate stocks had seen a stellar rally last week following the RBI's deeper-than-expected repo rate cut of 50 basis points and an unexpected CRR cut of 100 basis points. The move boosted investor sentiment, as lower interest rates potentially spur residential demand across major cities and ease borrowing costs for developers, aiding project financing and expansion.
Following the RBI's double bonanza on Friday, the Nifty Realty index jumped 5%, emerging as the top-performing sector. In fact, the stocks had already been on a strong upward trajectory ahead of the RBI MPC meeting, driven by expectations of a continued rate-easing cycle, a trend that only accelerated after the policy announcement.
From its April lows, the index has rallied 31%, making the real estate sector one of the biggest turnaround stories of 2025. However, the sharp gains may prompt investors to book profits, contributing to the ongoing decline in stock prices.
Indian stock markets came under significant selling pressure in today's session, with broad-based declines triggered by weak global cues that weighed on investor sentiment, sending the Nifty 50 and Sensex down over 1%. Tensions between the US and Iran flared up after recent media reports suggested that the US is preparing a partial evacuation of personnel in the Middle East, following Iran's threat to strike US bases if nuclear negotiations fail.
Further pressure came as US President Donald Trump announced plans to send formal letters to key trading partners within the next one to two weeks, outlining unilateral tariffs aimed at pressuring countries into trade agreements.
Despite the tough rhetoric, US Treasury Secretary Scott Bessent signaled a potential extension of the current 90-day pause on reciprocal tariffs for countries showing 'good faith' in ongoing trade talks.
While Trump said a framework on tariff rates had been reached to revive the fragile trade truce with China, the lack of specifics kept markets on edge, and China has yet to officially confirm any details about the trade deal.
Even as the framework is being finalized, Commerce Secretary Howard Lutnick said on Wednesday that U.S. tariffs on Chinese imports would remain at current levels.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
20 minutes ago
- Mint
Min 40% off on ACs from LG, Samsung, Godrej and more on Amazon: Top deals on a range of ACs
Looking to beat the heat with an AC but on a budget? Amazon's latest sale is offering a minimum of 40% off on top-rated air conditioners from trusted brands like LG, Samsung, Godrej, Lloyd, and more. Product Rating Price LG 1 Ton 4 Star DUAL Inverter Split AC (Copper, AI Convertible 6-in-1 with VIRAAT Mode, Faster Cooling & Energy Saving, 4 Way Swing, HD Filter with AntiVirus Protection, US-Q13JNYE, White) View Details Voltas 1.5 ton 5 Star, Inverter Split AC (Copper, 4-in-1 Adjustable Mode, Anti-dust Filter, 185V Vectra CAR, White) View Details Carrier 1 Ton 5 Star Wi-Fi Smart Flexicool Inverter Split AC (Copper, Convertible 6-in-1 Cooling,Smart Energy Display,HD & PM 2.5 Filter, ESTER EDGE FXi (Wi-Fi), CAI12EE5R35W0,White) View Details Hitachi 1.5 Ton Class 5 Star, 4-Way Swing, ice Clean, Xpandable+, Inverter Split AC (100% Copper, Dust Filter,5400STXL RAS.G518PCCIBT, White) View Details Samsung 1.5 Ton 3 Star AI Inverter Smart Split AC (WiFi, Energy Saving, Voice Control, Powerful Cooling, Copper, Digital Inverter, 4 Way swing, 5 Step Convertible, BESPOKE AI AR50F18D1LHNNA) View Details View More Planning to upgrade your old AC or install a new one before the peak of summer, these could be a dream come true. These air conditioners not only deliver rapid cooling but also come with features like low noise operation, anti-bacterial filters, auto-clean technology, and 5-star energy ratings to help cut down on electricity bills. With limited-time discounts, easy EMI options, and doorstep delivery, now is the best time to invest in a reliable cooling solution. Here are the top AC deals you can't afford to miss on Amazon. Stay cool even in the harshest heat with LG's 1 Ton 4 Star Dual Inverter AC. Ideal for small rooms, this model uses AI Convertible 6-in-1 technology to adjust cooling based on your needs. It features VIRAAT Mode for rapid cooling, a 4-way swing for uniform air distribution, and an HD Filter with antivirus protection. With its inverter compressor, Ocean Black Protection, and 100% copper condenser, it promises durability, energy efficiency, and uninterrupted comfort. Energy Rating 4 Star (ISEER 4.70) Special Modes AI Convertible 6-in-1, VIRAAT Mode Refrigerant R32 (Eco-friendly, low GWP) Voltas brings you reliable, energy-efficient cooling with its 1.5 Ton 5 Star Inverter AC, perfect for medium-sized rooms. With 4-in-1 adjustable modes, you can customise the cooling as per your comfort. The AC is designed to handle high ambient temperatures up to 52°C, making it ideal for Indian summers. It features an anti-dust filter, turbo cooling, and a durable copper condenser. Smart features like sleep mode, LED display, and wide voltage operation ensure long-term performance and convenience. Energy Rating 5 Star (ISEER 5.00) Special Features 4-in-1 Adjustable Mode, Anti-dust Filter, Turbo Refrigerant R32 (Eco-friendly, Low GWP) The Carrier 1 Ton 5 Star Flexicool AC is a smart, powerful choice for small rooms. With Wi-Fi control and voice assistant support, it offers unmatched convenience. Its 6-in-1 convertible cooling adapts to your comfort and saves up to 50% energy. You also get advanced filtration with HD and PM 2.5 filters, a Smart Energy Display, and Insta Cool for rapid cooling. Backed by a 100% copper condenser with blue coating, it ensures durability and long-term performance. Energy Rating 5 Star (ISEER 5.05) Cooling Power 3500–4080 Watts Special Features Wi-Fi, Flexicool 6-in-1, Smart Energy Display Refrigerant R32 (Eco-friendly, low ODP & GWP) The Hitachi 1.5 Ton 5 Star Split AC delivers high-efficiency cooling with smart innovations like Xpandable+ for performance during extreme heat and ice Clean FrostWash technology for self-cleaning. Its 4-way swing ensures uniform cooling, while the SmartView Display and Penta Sensor technology offer intelligent performance in all conditions. With a 100% copper condenser, it's built for durability and lower maintenance. Energy Rating 5 Star (774.58 kWh/year) Special Features ice Clean, Xpandable+, SmartView Display, 4-way Swing Refrigerant R32 (Eco-friendly) Warranty 5Y Product, 10Y Compressor, 5Y PCB This smart Samsung AC is designed for connected, energy-conscious homes. Powered by BESPOKE AI, it learns usage patterns to optimise cooling and power consumption. The Wi-Fi-enabled unit offers voice control via Alexa, Google Assistant, or Bixby and supports SmartThings app integration. With 5-step convertible cooling and a Digital Inverter Compressor, it ensures flexibility, savings, and fast performance. Energy Rating 3 Star (852.47 kWh/year, ISEER 4.00) Special Features BESPOKE AI, WiFi, Voice Control, 5-Step Convertible Mode, 4-Way Swing, 3-Step Auto Clean Refrigerant R32 (Eco-friendly) Perfect for larger rooms, this 2 Ton Godrej AC delivers heavy-duty cooling even at 52°C. It features 5-in-1 convertible cooling and i-Sense Technology that detects your surrounding temperature via the remote for tailored comfort. The self-cleaning and anti-microbial filter ensure clean air, while the 100% copper condenser with Blue Fin coating boosts durability. Energy Rating 3 Star (1153.08 kWh/year, ISEER 4.1) Special Features 5-in-1 Convertible, i-Sense Tech, Self Clean, Anti-Freeze Thermostat, Pure Air Filter Refrigerant R32 (Eco-friendly) Engineered for efficient and high-performance cooling, this Lloyd AC is perfect for medium-sized rooms. With a 5-in-1 convertible inverter and anti-corrosion coating, it adapts to your needs while ensuring durability. It cools even at 52°C and includes features like Turbo Cool, PM 2.5 filter, low gas detection, and stabilizer-free operation. The smart 4-way swing ensures uniform air distribution, while the Golden Fin Copper coils enhance efficiency and lifespan. Energy Rating 5 Star (ISEER: 5.2) Refrigerant R32 (Eco-friendly) This feature-rich Panasonic AC delivers powerful cooling even at 55°C while offering 7-in-1 convertible modes, True AI comfort, and Matter-enabled smart control. With Wi-Fi connectivity, voice assistant support (Alexa/Google), and PM 0.1 filtration, it provides clean, personalised, and energy-efficient cooling for large rooms. The ShieldBlu+ copper condenser, Crystal Clean technology, and adaptive AI help reduce maintenance while boosting longevity and savings. Energy Rating 4 Star (ISEER: 4.60) Smart Features Wi-Fi, Alexa/Google Assistant, Matter-enabled Special Technology 7-in-1 Convertible, True AI, PM 0.1 Filter Cooling Capacity 6200 W, 720 CFM airflow This Blue Star 1.3 Ton AC packs 5-in-1 convertible cooling, multi-sensor precision, and auto defrost into a sleek and compact design. Backed by a 60-month warranty, it features Blue Fins for anti-corrosion protection, dust filters, eco mode, and acoustic insulation for quieter operation. With 100% copper components and inverter technology, you get reliable performance and energy savings. The AC is also smart-ready, with optional app and voice control support. Energy Rating 3 Star (ISEER: 3.85) Special Modes 5-in-1 Convertible, Comfort Sleep, Turbo Cool Build Features 100% Copper, Blue Fins, Auto Defrost Smart Control Compatible with Blue Star App, Alexa/Google (optional add-on) Stay cool with Daikin's 1.5 Ton Inverter AC that blends efficiency with smart features. It offers Dew Clean Technology for hygienic performance, PM 2.5 filtration, and Triple Display for real-time monitoring. With Coanda Airflow and 3D cooling, it ensures even air distribution in rooms up to 150 Built with 100% copper and a patented self-healing coating, this AC is both durable and low-maintenance. Energy Rating 3 Star (ISEER not specified) Special Modes Dew Clean, Power Chill, 3D Airflow Build Features Copper Coil with DNNS Coating, Triple Display Cooling Tech High Ambient Cooling up to 52°C, PM 2.5 Filter Disclaimer: Mint has an affiliate marketing partnership, which means we may get some commission on purchases you make through the retailer sites links provided. These partnerships do not influence our editorial content, which is free from any bias or marketing pitch. We strive to provide accurate and unbiased information to help you make informed decisions. We recommend verifying details with the retailer before making a purchase.
Mint
20 minutes ago
- Mint
GDP's dirty little secret: Why we should be tracking GVA instead
Gross domestic product (GDP) growth rate is the headline number everyone tracks to figure out how the economy is doing. It's time we shifted focus to gross value added, or GVA, which is a more direct measure of the incomes generated in the economy. That's because GDP numbers are affected by random decisions by the GST Council to raise tax rates or by the government to slash subsidies. Cut subsidies, boost growth. Such a prescription might seem like snake oil for the consumption of the simpleminded. But cutting subsidies has, indeed, been the simple route to boost GDP growth in India. India's GDP growth in the final quarter of 2024-25 was a dramatic 7.4%. The growth in GVA, which is what counts for creating jobs and putting income in the hands of people, was a more modest 6.8%. The divergence between the growth rates of GDP (6.5%) and GVA (6.4%) has been modest for 2024-25 as a whole. It was starker in 2023-24, when the GDP growth rate was 9.2%, while GVA grew by only 8.6%. The more subsidies are cut, the greater the boost GDP growth gets over GVA growth. Also read | Growth in charts: GDP-GVA divide, export silver lining, capex push India is not accustomed to the chainsaw breed of fiscal conservatism that Elon Musk vocally championed before his high-profile breakup with US President Donald Trump. In the US, the notion that cutting welfare expenditure and other subsidies will make for a healthier fisc and a more robust economy is part of the mainstream narrative, at least on one side of the political divide. The conventional wisdom in Republican circles is that ridding government expenditure of waste and excess would make room for lower government borrowing and lower taxes, and these two would, combined with a dose of deregulation, boost growth. In India, too, many economists have used this approach – not to genuinely foster growth, but rather to dismiss the government's significant role in the economy by labelling it 'socialism' that curtails capitalist dynamism. The NDA government came to power as a slayer of big government and socialism. It once portrayed the Mahatma Gandhi National Rural Employment Guarantee Scheme as a monument of national failure. But, in the face of revealed distress in the economy, it has also assiduously funded the scheme, regardless of how this made the 'monument of failure' shine brighter. There is a big difference between the role the state and subsidies play in an economy like the US and in India, whose per-capita GDP is 3% of the US's $89,000. The way India's GDP is computed allows for a lower subsidy bill to boost GDP, whatever the role of subsidies in supporting subsistence and sustaining growth. GVA is what really matters While GDP is the headline number on everyone's radar, what matters for creating jobs and incomes is GVA. GVA and GDP are highly correlated but not quite the same. The total value that is generated in an economy breaks down into gross profits and the sum total of wages and salaries. GDP is the value of all final goods and services produced and sold in the economy, whether for consumption, investment or export, net of the imports that go into the production of those goods and services. By taking into account only the final goods, we avoid double counting. Steel goes into machinery, construction, washing machines and safety pins. We look at only the value of these final goods, and not the value of the steel produced. Also read | Kaushik Basu: Redefine prosperity; GDP tunnel-vision could prove costly National income can be estimated either from the income side or the expenditure side. Data on income is hard to capture directly on a comprehensive basis, and it is easier to estimate the expenditure on things. When you buy pills, an X-Ray machine, or lab test, what you pay for includes the tax on the good or service. Some of the goods you buy are subsidised by the government, so the price is lower than the actual value – grain from the fair price shop, or electricity in many states for certain classes of consumers are just two examples of this. So, to arrive at the GVA of the economy, you must add up the total expenditure on final goods and services, which will give you GDP, subtract the taxes borne by these goods and services, and add back the subsidies that artificially lowered your expenditure. In other words, GVA = GDP - tax + subsidy. In other words, GDP = GVA + tax - subsidy. Taxes net of subsidies are called net taxes. So GDP = GVA + net taxes. For the same level of value added in the economy, you can have a higher or lower level of GDP by raising or lowering net taxes. You can raise net taxes by raising taxes, lowering the subsidy outgo, or both. You can lower net taxes by lowering tax collections or increasing the subsidy bill. As you can see from the table, when the GVA growth rate increased from 6.7% in 2022-23 to 8.6% the following year, that is, by 1.9 percentage points, the GDP growth rate rose 2.2 percentage points, from 7% to 9.2%. This was effected by reducing the outlays on major subsidies from 2% of GDP to 1.37% of GDP – a decline of 31.5%. Another 15.5% drop in the subsidy/GDP ratio helped boost the GDP number in 2024-25. To get a grip on economic activity and the incomes it generates, it is more useful to look at GVA, rather than GDP, since GDP is affected by changes to subsidy allocations. Also read: Mint Quick Edit | India's GDP: A key test lies ahead
Time of India
22 minutes ago
- Time of India
Can rupee recover from its worst fall in over a month due to rising oil prices?
Mumbai: The Indian rupee weakened by 60 paise to touch 86.20 per dollar on Friday, its worst fall in over a month due to rise in crude oil prices amid Israeli strike on Iran. The currency however closed stronger at 86.08 per dollar, likely due to intervention by the Reserve Bank of India , traders said. Rupee had closed at 85.60/$1 on Thursday. The 10-year bond yield touched 6.40% levels in the early hours of trading, before easing and closing at 6.36%, up two basis points from its previous close. The rupee traded between the range of 86.20/$1 to 85.93/$1, strengthening mildly in between due to central bank intervention and muted dollar sales by foreign banks, traders said. Agencies Brent crude oil prices rose to $75 per barrel on Friday, from $68 per barrel the day before as Israeli strikes on Iran's nuclear and military facilities hit risk sentiments. A rise in crude oil prices is inflationary for India and adds pressure on the rupee as the country is a major importer of the commodity. A $10 per barrel increase in crude oil prices can widen the current account deficit by 0.4% of the GDP and add up to 35 basis points in retail inflation, according to Reuters. Live Events The RBI likely sold dollars via state-run banks in the first half of the trading session, but in a muted manner, traders said. "The possible intervention by the RBI was only up to a certain level and did not make any effort to bring down to 85.70 levels. But a key resistance amid uncertainty in the Middle East would be at 86.25/$1 levels," said Anil Bhansali, head of treasury at Finrex Treasury Advisors. For bonds too, the mood was fragile amid geopolitical tensions, traders said. "Since there has been a selloff and the yields touched 6.40%, we will be able to see some buying next week," a bond trader at a primary dealership said.
