Stock market update: Nifty Realty index advances 0.32% in a weak market
NEW DELHI: The Nifty Realty index traded positive around 10:15AM(IST)on Monday in a weak market.
ADVERTISEMENT Prestige Estates Projects Ltd.(up 3.78 per cent), Brigade Enterprises Ltd.(up 1.04 per cent), Phoenix Mills Ltd.(up 0.78 per cent), Sobha Ltd.(up 0.56 per cent) and Oberoi Realty Ltd.(up 0.06 per cent) were among the top gainers.
Anant Raj Ltd.(down 0.58 per cent), Godrej Properties Ltd.(down 0.46 per cent), Macrotech Developers Ltd.(down 0.43 per cent) and DLF Ltd.(down 0.35 per cent) were the top losers on the index.
The Nifty Realty index was up 0.32 per cent at 952.35 at the time of writing this report. Benchmark NSE Nifty50 index was down 169.8 points at 24580.9, while the BSE Sensex was down 614.82 points at 80836.19. Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red.
ADVERTISEMENT
Shares of Reliance Power, YES Bank, Niva Bupa Health Ins, Vodafone Idea and Suzlon Energy were among the most traded shares on the NSE.
Shares of IFB Agro, Pennar Ind, Lumax Auto Tech, BSE and Madhya Bharat Agro hit their fresh 52-week highs in today's trade, while Navkar Builders, Varanium Cloud, SKIL Infrastructure, Gujarat Lease and Signpost India hit fresh 52-week lows in trade.
(You can now subscribe to our ETMarkets WhatsApp channel)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
2 hours ago
- Hans India
Trade Setup for June 6: Nifty eyes RBI cue to breakout towards 25,000+
Indian equities saw a volatile but rangebound session on June 5, with the Nifty 50 closing at 24,751, up 131 points. Despite midday gains of nearly 200 points, the index gave up most of them before ending higher. Support at 24,500 remains strong, keeping the bullish bias intact. 🔑 Key Technical Levels Support: 24,500 Immediate Resistance: 24,900 Breakout Trigger: Sustained close above 24,900 could open doors to 25,000+ 🏦 Eyes on RBI Markets are pricing in a 25 bps repo rate cut by the RBI on June 6 — the third cut this year. A deeper cut could spark bullish sentiment and push Nifty past its current ceiling. 💹 Sector & Stock Highlights Outperformers: Realty, Pharma, Healthcare Underperformers: PSU Banks, Auto, Media Top Gainers: Eicher Motors, Trent, Dr Reddy's Top Laggards: IndusInd Bank, Tata Consumer, Axis Bank Buzzing Stocks: Reliance Industries (+1%) on JPMorgan upgrade DLF, Godrej Properties on continued realty rally Hindustan Zinc (+6%) amid record silver prices 📊 Broader Market Trends Nifty Midcap 100: +0.53% Nifty Smallcap 100: +0.96% (4-month high) 📉 Analyst Views Golden crossover on Nifty's daily chart hints at short-term uptrend (Rupak De) Base formation near 24,500 supports bullish continuation (Devarsh Vakil) Watch for a decisive break above 24,900 for momentum to pick up (Om Mehra) Strategy for Traders: Long bias if Nifty holds above 24,500 and breaks past 24,900 Cautious near resistance if RBI outcome disappoints Watch rate-sensitive sectors (Realty, Banks, Auto) closely post-policy
Economic Times
2 hours ago
- Economic Times
Tesla shares slide 3% as Musk steps up criticism of ally Trump
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
New Indian Express
3 hours ago
- New Indian Express
Realty shares zoom ahead of RBI monetary policy decision
Real estate stocks jumped as much as 10% on Thursday in anticipation of the RBI's Monetary Policy Committee (MPC) decision, scheduled for Friday. Market expectations are tilted toward a 25-basis-point repo rate cut, along with a continued accommodative stance—a positive signal for rate-sensitive sectors like real estate. The Nifty Realty index was the top-performing sectoral index on Thursday, climbing up to 2% in intraday trade before settling 1.75% higher. Since May 9, the realty index has surged more than 20%, outpacing the 3% gain made by the benchmark Nifty50 index. Meanwhile, India's equity market extended gains on Thursday as the BSE Sensex surged 443.79 points or 0.55% to close at 81,442.04, and the NSE Nifty50 advanced 130.70 points or 0.53% to settle at 24,750.90. Investors demonstrated robust demand for real estate stocks in anticipation of the RBI's upcoming policy decision on Friday. Market experts widely expect a 25-basis-point reduction in the repo rate -marking the third consecutive cut - as inflationary pressures ease. A small fraction also hopes the RBI goes for a 50 bps rate cut after retail inflation dropped to 3.16% in April, giving the central bank wider flexibility to prioritize economic expansion.
