Stock market update: Nifty Realty index advances 0.59% in a weak market
NEW DELHI: The Nifty Realty index traded positive around 11:16AM(IST)on Wednesday in a weak market.
Sobha Ltd.(up 3.44 per cent), Prestige Estates Projects Ltd.(up 1.56 per cent), Godrej Properties Ltd.(up 1.24 per cent), Brigade Enterprises Ltd.(up 1.19 per cent) and Macrotech Developers Ltd.(up 1.04 per cent) were among the top gainers.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
선납금이나 위약금없이 전차종 24~60개월간 필요한만큼 타시고, 계약종료 후 반납/인수하세요!
신차장기렌트성지
더 알아보기
Undo
Phoenix Mills Ltd.(down 1.16 per cent), Anant Raj Ltd.(down 0.44 per cent) and Oberoi Realty Ltd.(down 0.02 per cent) were the top losers on the index.
The Nifty Realty index was up 0.59 per cent at 951.9 at the time of writing this report.
Benchmark NSE Nifty50 index was down 51.25 points at 24774.95, while the BSE Sensex was down 177.11 points at 81374.52.
Live Events
Among the 50 stocks in the Nifty index, 15 were trading in the green, while 35 were in the red.
Shares of ITC, Vodafone Idea, Belrise Industries, IFCI and Sagility India were among the most traded shares on the NSE.
Shares of Bharti Hexacom, Mahamaya Steel, Kavita Fabrics, ABB Power and Suven Life Sci hit their fresh 52-week highs in today's trade, while Orchid Pharma, Tantia Const, Borana Weaves, NIIT Learning System and Silly Monks Entertainment 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
Time of India
23 minutes ago
- Time of India
NRIs in the Gulf show keen interest in India's real estate industry as prices cool down
Indian expats in the UAE and Gulf may find this a timely moment to invest in the Indian property market, as major cities show signs of slowing price growth after three years of rapid gains. High demand from local buyers had previously created strong competition for Non-Resident Indians (NRIs), but market dynamics are beginning to shift, according to a report by Gulf News. The change is prompting many NRIs in the Gulf to re-evaluate whether to invest in Indian real estate or explore property purchases locally in the UAE. 'More than ever, Gulf's NRI buyers are worried whether it makes any sense to buy or build a costly home in India and have it rented out or kept vacant,' said a property advisor. Another deciding factor is education. Expats increasingly base new home purchases in India on whether their children are pursuing higher studies in the country. Meanwhile, city markets are tightening, especially in the affordable and mid-range segments. 'Several cities – including Mumbai , Pune, Hyderabad, Chennai, and Delhi-NCR – are now facing a genuine crunch in entry-level inventory,' said Azaz Motiwala, founder of Ikon Marketing Consultants to Gulf News. 'This supply tightening is most evident in the affordable and mid. segments, where steady demand is not being matched by fresh launches.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Linda Kozlowski, 67, Shows Off Her Perfect Figure In A New Photo Today's NYC Undo While cities like Bengaluru and Hyderabad posted modest 5% price increases in early 2025, they remain below the double-digit gains of previous years. Overall, price growth in most metros has slowed to single digits. (Join our ETNRI WhatsApp channel for all the latest updates) On the investment front, NRIs are also showing interest in fractional ownership of commercial properties, especially in the Rs 1 million to Rs 2.5 million range. These investments are reportedly yielding 8–10% annual returns, according to Anarock. Live Events Mortgage rates have also begun to shift in favor of buyers. 'Leading banks in India have reduced their lending rates by 5–10 bps in May 2025 (from the peaks in mid-2024),' said Owen. 'However, loan demand is not linked solely to interest rates – overall sentiment, which is significantly influenced by the geopolitical environment, also plays a big role.' Luxury and ultra-luxury housing continue to dominate new supply. 'Driven by steady demand, luxury and ultra-luxury homes – priced from Rs 15 million – dominated new supply in Q1-25 with a 42% share,' Owen added. With prices cooling, financing improving, and supply shifting, NRIs may find new opportunities in India's evolving real estate market.
Economic Times
30 minutes ago
- Economic Times
Mphasis, Persistent, and other IT stocks fall up to 6% amid renewed US-China trade tensions
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Indian IT companies fell sharply on Monday, with some stocks losing up to 6.5%, as renewed trade tensions between the US and China spooked investors. The Nifty IT index slipped over 1% to 36,948 in morning trade, extending losses for the second straight selloff follows a social media post by US President Donald Trump last week, accusing China of violating a recent trade agreement. Trump claimed that China had "totally violated" the deal, which he said was made to prevent further economic instability in China caused by earlier tariffs.'China has totally violated its agreement with us. So much for being Mr. NICE GUY!' Trump posted on his platform, Truth IT companies earn a significant portion of their revenue from the US market. Past tariff battles between the US and China have triggered fears of a US recession and rising inflation, which tend to weigh heavily on IT trade tensions had eased briefly, the latest escalation has reignited concerns, dragging IT stocks Mphasis led the fall, tumbling 6.5% to Rs 2,392, after reports that FedEx Corp. had chosen Accenture Plc to handle much of its IT work, ending a long-standing relationship with Mphasis. The client accounted for 8% of the company's revenue. Persistent Systems dropped nearly 3% to Rs 5,471. Shares of Tech Mahindra and Wipro slipped over 1%, while HCL Tech Infosys , LTI Mindtree, and Coforge traded with marginal response, China accused the US of violating the trade deal and warned of strong retaliatory measures. In a statement on June 2, the Chinese Ministry of Commerce said, 'If the US insists on its own way and continues to damage China's interests, China will continue to take resolute and forceful measures to safeguard its legitimate rights and interests.': Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
31 minutes ago
- Time of India
Mphasis, Persistent, and other IT stocks fall up to 6% amid renewed US-China trade tensions
Shares of Indian IT companies fell sharply on Monday, with some stocks losing up to 6.5%, as renewed trade tensions between the US and China spooked investors. The Nifty IT index slipped over 1% to 36,948 in morning trade, extending losses for the second straight session. The selloff follows a social media post by US President Donald Trump last week, accusing China of violating a recent trade agreement. Trump claimed that China had "totally violated" the deal, which he said was made to prevent further economic instability in China caused by earlier tariffs. 'China has totally violated its agreement with us. So much for being Mr. NICE GUY!' Trump posted on his platform, Truth Social. Indian IT companies earn a significant portion of their revenue from the US market. Past tariff battles between the US and China have triggered fears of a US recession and rising inflation, which tend to weigh heavily on IT exports. Live Events While trade tensions had eased briefly, the latest escalation has reignited concerns, dragging IT stocks lower. Meanwhile, Mphasis led the fall, tumbling 6.5% to Rs 2,392, after reports that FedEx Corp. had chosen Accenture Plc to handle much of its IT work, ending a long-standing relationship with Mphasis. The client accounted for 8% of the company's revenue. Persistent Systems dropped nearly 3% to Rs 5,471. Shares of Tech Mahindra and Wipro slipped over 1%, while HCL Tech , TCS , Infosys , LTI Mindtree, and Coforge traded with marginal losses. Also Read: India's top 10 priciest stocks in 2025: MRF to Elcid, see who tops the list In response, China accused the US of violating the trade deal and warned of strong retaliatory measures. In a statement on June 2, the Chinese Ministry of Commerce said, 'If the US insists on its own way and continues to damage China's interests, China will continue to take resolute and forceful measures to safeguard its legitimate rights and interests.' ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
