Stock market update: Nifty Realty index falls 0.15%
NEW DELHI: The Nifty Realty index closed on a negative note on Wednesday.
Shares of Sobha Ltd.(up 2.96 per cent), Macrotech Developers Ltd.(up 1.0 per cent), Brigade Enterprises Ltd.(up 0.88 per cent) and Prestige Estates Projects Ltd.(up 0.51 per cent) ended the day as top gainers in the pack.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
'Swing is King': Top Trader Hemant's Strategy Finally Explained in this Free Session !
TradeWise
Learn More
Undo
On the other hand, Phoenix Mills Ltd.(down 1.47 per cent), Oberoi Realty Ltd.(down 1.45 per cent), Anant Raj Ltd.(down 0.84 per cent), Godrej Properties Ltd.(down 0.61 per cent) and DLF Ltd.(down 0.27 per cent) finished as the top losers of the day.
The Nifty Realty index closed 0.15 per cent down at 944.9.
Benchmark NSE Nifty50 index ended down 73.75 points at 24752.45, while the BSE Sensex stood down 239.31 points at 81312.32.
Live Events
Among the 50 stocks in the Nifty index, 14 ended in the green, while 36 closed in the red.
Shares of Vodafone Idea, ITC, IFCI, Belrise Industries and Suzlon Energy were among the most traded shares on the NSE.
Shares of Apollo Micro Systems, Belrise Industries, GSK Pharma, Force Motors and Astra Microwave hit their fresh 52-week highs in today's trade, while Capital India Fin, Orchid Pharma, Borana Weaves, NIIT Learning System and California Soft(PP)hit their fresh 52-week lows.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
17 minutes ago
- Time of India
Why is the stock market down today? Sensex slumps over 700 pts, Nifty slips below 24,600; 5 key reasons behind the decline
Here are five key reasons behind today's market decline: 1. U.S. tariffs on metals threaten Indian exporters Live Events 2. Weak global cues and trade tension jitters 3. Caution ahead of U.S. Fed commentary and jobs data 4. Domestic selloff in key sectors 5. Russia-Ukraine conflict (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Indian equity benchmarks fell sharply on Monday, with the Sensex and Nifty trading lower amid selling pressure in metal and IT stocks. The weakness overshadowed India's strong GDP growth figures, as global cues remained mixed and investors turned cautious ahead of key U.S. macroeconomic around 9:42 am, the BSE Sensex had declined 704 points, or 0.86%, to 80,747, while the Nifty50 was down 168 points, or 0.68%, at 24, overall market capitalisation of BSE-listed companies dropped by Rs 2.06 lakh crore to Rs 442.13 lakh crore. The Nifty Metal index led the losses with a 1.4% decline, while the Nifty IT index fell 1.25%, weighed down by concerns over the U.S. economy and trade policy. Broader markets also remained under pressure, with small-cap and mid-cap indices slipping 0.3% economy had posted a strong 7.4% GDP growth in the January–March quarter, driven by manufacturing and construction. However, that optimism failed to lift sentiment amid external sentiment turned sour after U.S. President Donald Trump announced plans to double tariffs on imported steel and aluminium to 50%, effective June 4, 2025. This move is expected to adversely affect Indian metal exporters like Tata Steel Hindalco , and NALCO , which have significant exposure to the U.S. exported $4.56 billion worth of iron, steel, and aluminium products to the U.S. in FY2025. The tariff escalation, though not immediately impacting trade, has added uncertainty and is weighing on stocks in the metal sector."President Trump's 50% tariffs on steel and aluminium is a clear message that the tariff and trade scenario will continue to be uncertain and turbulent. This headwind will impact markets," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit and European markets showed signs of stress as investors grappled with the implications of escalating U.S.-China trade tensions. Japan's Nikkei dropped 1.4%, Hong Kong lost 2.5%, and U.S. futures also edged lower — with S&P 500 and Nasdaq futures down up to 0.5%.Markets are also uncertain about whether the U.S. will follow through with the tariff hike, creating additional volatility. While some regional indices like South Korea's gained slightly due to political optimism, the overall sentiment remained Read: India's top 10 priciest stocks in 2025: MRF to Elcid, see who tops the list Investors are bracing for a heavy week of macroeconomic updates from the U.S., especially the non-farm payrolls report and Federal Reserve commentary, which could influence the path of interest U.S. Senate is also set to consider a $3.8 trillion tax-and-spending bill, adding to concerns about the country's ballooning $36.2 trillion federal debt. As a result, long-term U.S. Treasury yields are nearing the critical 5% mark, which is adding to pressure on global equity Governor Christopher Waller on Monday indicated that rate cuts are still possible this year, but much will depend on incoming data. For now, markets are pricing in a 75% chance of a rate cut in September, though the Fed has not explicitly confirmed this home, selling was broad-based across sectors. Metal and IT stocks, which have global exposure, were among the hardest hit, reflecting external risks. Additionally, 10 of the 13 major sectoral indices on the NSE opened in the strong domestic data — with India's Q4 GDP growth at 7.4% — was not enough to support markets. Investors appear to be locking in gains after recent highs, as global uncertainties loom large over the near-term geopolitical concerns also weighed on investor sentiment after Ukraine launched drone attacks on five airbases deep inside Russian territory, reportedly destroying several aircraft. The incident comes just ahead of a scheduled peace summit in Turkey, raising fears of a possible escalation in the conflict if Russia intensification of the Russia-Ukraine war could disrupt global supply chains, especially in energy and commodities, leading to renewed volatility in global Read: Ola Electric, Kalyan Jewellers among 10 firms where promoters pledge increased in Q4
&w=3840&q=100)
Business Standard
18 minutes ago
- Business Standard
Mphasis, Infosys, TCS shares drop upto 7%; why are IT stocks falling today?
IT stocks down today: Information Technology (IT) stocks were edging lower in trade on Monday, June 2, 2025 after the US asserted that reciprocal tariffs "were not going away". The Nifty IT index fell 1.4 per cent intraday to hit a low of 36,770.15. Among individual stocks, Mphasis tumbled 6.7 per cent, Persistent Systems and HCL Tech 1.8 per cent each, Tech M 1.7 per cent, Infosys 1.5 per cent, and Wipro 1.4 per cent. Why are IT stocks falling today? The decline in IT stocks today came after US President Donald Trump's Commerce Secretary Howard Lutnick said on Sunday that the "reciprocal tariffs were not going away" Notwithstanding the legal battle surrounding Trump's authority to impose the sweeping tit-for-tat tariffs against the US' trading partners to "fix" the trade deficit, Lutnick said the tariffs will continue to stay in place despite the legal challenges. The administration, he said, will otherwise find new ways to implement them. Notably, the US Court of International Trade struck down much of the president's steep levies last week, which got reversed a day later by a federal appeals court. US officials said they remain committed towards imposing reciprocal tariffs either in their original form, or figure out 'alternative ways' to "restore the trade imbalance" of the US with other countries. In fact, last Friday, US President Donald Trump announced to raise tariffs on steel imports from 25 per cent to 50 per cent, effective June 4, highlighting that he is not backing down from imposing tariffs. Relation between US tariffs and IT stocks The imposition of US tariffs is negative for the Indian IT industry. This is because analysts fear that Trump's tariffs could be inflationary for the US economy, which may force the US Federal Reserve to keep interest rates higher for longer, leading to a slowdown in the economy. The US, on its part, is a big market for outsourcing for the Indian IT industry. Hence, any slowdown in the US economy has a direct negative impact on Indian IT companies' earnings growth. Remember, the 10-year US Treasury yield climbed 24 basis points (bps) to 4.4 per cent in May, raising concerns that bond markets are pricing in a ballooning US fiscal deficit alongside mounting macroeconomic and policy uncertainty.
Hindustan Times
22 minutes ago
- Hindustan Times
Sensex crashes 762 points, Nifty falls over 200 amid weak Asian market trends
Benchmark equity indices Sensex and Nifty on Monday morning tumbled following weak trends in Asian markets and renewed global trade concerns. Moreover, foreign fund outflows also dented investors' sentiment, experts noted. The 30-share BSE Sensex tanked 762.24 points to 80,688.77 in early trade. The NSE Nifty dropped 212.25 points to 24,538.45. From the Sensex firms, HDFC Bank, HCL Tech, Reliance Industries, Infosys, Tech Mahindra, Bajaj Finance, Larsen & Toubro, Titan, Tata Consultancy Services and Tata Steel were among the biggest laggards. Hindustan Unilever, Adani Ports, Mahindra & Mahindra, IndusInd Bank and Nestle were among the gainers. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng were trading lower. US markets ended on a mixed note on Friday. Foreign Institutional Investors (FIIs) offloaded equities worth ₹6,449.74 crore on Friday, according to exchange data. US President Donald Trump on Friday said he is doubling the tariff on steel imports to 50 per cent. "The market structure favours continuation of the ongoing consolidation phase. There are global headwinds like renewed tariff concerns that will restrain a breakout rally. At the same time there are domestic tailwinds that will support the market at lower levels. President Trump's 50 per cent tariffs on steel and aluminium is a clear message that the tariff and trade scenario will continue to be uncertain and turbulent. This headwind will impact markets. "On the domestic front, the tailwinds are getting stronger with the latest Q4 GDP growth data coming at 7.4 per cent, which is much better-than-expected," V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said. Indian economy expanded at a faster pace than expected in the last quarter of the 2024-25 fiscal, helping clock a 6.5 per cent growth rate in the year that elevated its size to USD 3.9 trillion and held promise of crossing world's fourth-largest economy Japan in FY26. The Indian economy grew at 7.4 per cent in January-March - the fourth and final quarter of April 2024 to March 2025 fiscal (FY25) - reflecting a strong cyclical rebound that was helped by a rise in private consumption and robust growth in construction and manufacturing. Vikas Jain, Head of Research at Reliance Securities, said, "Negative cues from global markets could cap gains. Asian markets and US index futures have come under pressure due to rising geopolitical tensions between Russia and Ukraine, as well as renewed trade frictions following US President Donald Trump's decision to double tariffs on steel and aluminum to 50 per cent." Global oil benchmark Brent crude jumped 2.20 per cent to USD 64.16 a barrel. On Friday, the BSE Sensex declined by 182.01 points or 0.22 per cent to settle at 81,451.01. The Nifty dipped 82.90 points or 0.33 per cent to 24,750.70.
