
Stock market update: Nifty Realty index advances 1.01% in an upbeat market
(You can now subscribe to our
(You can now subscribe to our ETMarkets WhatsApp channel
NEW DELHI: The Nifty Realty index traded positive around 10:25AM(IST)on Friday in an upbeat market.Phoenix Mills Ltd.(up 2.42 per cent), Godrej Properties Ltd.(up 1.94 per cent), DLF Ltd.(up 0.87 per cent), Macrotech Developers Ltd.(up 0.65 per cent) and Brigade Enterprises Ltd.(up 0.64 per cent) were among the top gainers.Raymond Ltd.(down 0.83 per cent) and Sobha Ltd.(down 0.51 per cent) were the top losers on the index.The Nifty Realty index was up 1.01 per cent at 972.85 at the time of writing this report.Benchmark NSE Nifty50 index was up 12.75 points at 25418.05, while the BSE Sensex was up 36.18 points at 83275.65.Among the 50 stocks in the Nifty index, 24 were trading in the green, while 26 were in the red.Shares of Vodafone Idea, PC Jeweller, Ola Electric Mobilit, RattanIndia Power and YES Bank were among the most traded shares on the NSE.Shares of Sumeet Ind, Sindhu Trade, Reliance Naval & Engg, Kalyani Commercials and Niraj Ispat Ind. hit their fresh 52-week highs in today's trade, while Stampede Cap(DVR), Sadhana Nitro, Globe Civil Projects, Indogulf Cropscience and Dreamfolks Services hit fresh 52-week lows in trade.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
2 hours ago
- Business Standard
IT companies' valuation hits 5-year low amid selloff by investors
Top information-technology (IT) services companies continue to lose ground on the bourses as investors turn away from them owing to an earnings slowdown and threat from artificial intelligence. The combined market capitalisation of the country's top five IT firms that are part of the BSE Sensex is down 24 per cent since January and their valuation has slipped to lowest levels in the past five years. The sector is trading at a discount to the BSE Sensex and trailing the price/earning (P/E) multiple for the first time in the past four years. The trailing P/E of the top five IT companies has now declined to 22.3 times from 25.5 times at the end of December last year and a record high of 36 times in December 2021. In comparison, the BSE Sensex is up 2.2 per cent since the end of last year. The index closed at 79,858 on Friday, up from 78,139 at the end of December. Index valuation remained range-bound in the past three years unlike the valuation of IT services companies. The combined market capitalisation of Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies, and Tech Mahindra declined to ₹24.86 trillion on Friday from ₹32.67 trillion at the end of December. Among individual companies, TCS, the industry leader, has been the biggest loser and its market capitalisation is down 26 per cent year-to-date (YTD) in 2025. It is followed by Infosys, which is down 24.3 per cent and HCL Technologies 23.1 per cent. Tech Mahindra has been a relative out-performer and has lost just 13.2 per cent, while Wipro is down 20.7 per cent YTD. Analysts attribute the decline in share prices and market capitalisation to an earnings slowdown besides sector rotation. 'The IT companies' revenue and earnings growth in April-June 2025 was below par with low single-digit growth in net sales and net profit. Investor sentiment was further dented by Tata Consultancy Services' admission about growth challenges facing the industry and headcount reduction,' said Dhananjay Sinha, co-head, research and equity strategy, Systematix Institutional Equity. IT companies' stock prices took a hit from a selloff by foreign portfolio investors (FPIs). 'FPIs have been big sellers in recent weeks and they had a big exposure to top companies such as TCS, Infosys, and HCL Technologies,' added Sinha. Others point to global growth uncertainties owing to American President Donald Trump's trade war leading to weak demand, which has led to underwhelming results across the sector. This softness has manifested in multiple ways — margin pressure, increased reliance on balance sheets to drive growth, and heightened aggression in cost take-out deals. 'Revenue performance was weak in Q1FY26 (April-June 2025) with four of the five large IT companies reporting revenue decline on Q-o-Q basis and three of the five on a Y-o-Y basis,' write Kawaljeet, Saluja Sathishkumar, and S Vamshi Krishna of Kotak Institutional Equity in their result review of the IT companies. The combined net sales of the top five IT companies were up just 4 per cent in Q1FY26 to ₹1.71 trillion, growing at the slowest pace in the last four quarters. Their combined net profits were up 5.6 per cent year-on-year (Y-o-Y) in Q1FY26 to ₹27,995 crore, down from 10 per cent Y-o-Y growth in Q1FY25 but an improvement from the 1.5 per cent increase in Q4FY25. Analysts at Kotak Institutional Equity say the demand environment has taken a slight hit due to uncertainties over the Trump administration's tariff regime with a considerable impact on the retail, logistics, and manufacturing verticals.

New Indian Express
4 hours ago
- New Indian Express
How to tackle turbulent times
It will be an understatement to say that there is chaos in the financial markets today. As the world grapples with the impact of US tariffs unleashed one country at a time, India suddenly finds itself in a pickle. You can figure that out from the trend in the currency and the stock markets. These markets pick up signals of uncertainty quickly. They loathe it, and any threat to future profits is viewed negatively. Those in the currency markets foresee India's exports getting disrupted, and those in the stock market look at the negative impact on future corporate profits. India's Nifty has witnessed a sharp selloff over the past week while other major global indices have held firm or rallied. There are specific concerns investors have about India due to President Donald Trump's unilateral action of additional tariffs on the purchase of Russian crude oil. Despite all of that, the big picture in India is not so worrying. India's government finances are strong, with no risks to the government revenue. The economic growth is expected to be well over 6%, according to most pundits. The Reserve Bank of India's monetary policy committee has put out a benign outlook for the consumer price inflation. That indicates little or no risk of inflation ahead and a downward trend in interest rates. You may want to read these trends and move forward cautiously when it comes to money. There is a risk to your investments. However, there are ways to work your way. You can take a leaf out of the ancient Greek philosophy or Stoicism. The concept evolved in the third century BC. The concept of 'control your controllables' means that your habits with money are far more critical than the external turmoil around you. A disciplined approach to investing is better than trying to time the market in turbulent times. A market fall in such a state of uncertainty could be like catching falling knives.


Economic Times
4 hours ago
- Economic Times
These large-caps have ‘strong buy' & ‘buy' recos and an upside potential of more than 22%
It might be a bit too early to say, but the way things panned out during Monday's trade suggests that the bias of the current volatility has probably turned neutral from bearish.A typical change in sentiment happens when the Nifty and large-caps are relatively stable, but the mid-caps are still under pressure. It is then that we see a change in the market breadth of the mid-cap things, though: One, as we said, it is too early to say. FONT SIZE SAVE PRINT COMMENT