It was a tough day for those who invest in real estate stocks as the BSE Realty index fell 4.76 percent on Friday, in a Mumbai market that fell more than 400 points.
Sobha Developers was worst hit in the sector, ending down 6 percent. Unitech shares fell 5.9 percent, while DLF slipped 5.46 percent.
Shares in Coal India rose 1.8 percent on Thursday to close at 328.45 rupees.
The company, which is the world’s largest coal miner, may miss the current fiscal year’s 460.5 million tonnes production target, its technical director said on Wednesday.
The government recently raised about 152 billion rupees through the sale of some of its holding in Coal India.
Shares in Power Grid, the world’s third-largest power transmission company, rose more than 5 percent to 103.75 rupees on Tuesday.
The company’s share sale (FPO) worth up to $1.7 billion was fully covered on its first day as investors sought what is seen as relatively safe exposure to surging electricity demand in the country.
The BSE Banking index rose 3.38 percent on Monday, with India’s top private bank, ICICI, posting smart gains.
IndusInd Bank ended as the top sectoral gainer, adding more than 8 percent, while ICICI Bank ended nearly6 percent higher at 1231 rupees.
The BSE Metals index ended down more than 2 perncent on Wednesday with stocks like Sterlite Industries and Sesa Goa slipping more than 3 percent. Tata Steel fell 2.7 percent.
Such stocks declined as base metals prices fell in London and Shanghai following a sell-off in the international market on Tuesday after China’s first rate rise since 2007.
Shares in Larsen & Toubro ended 1.2 percent higher at 2013.15 rupees after the firm announced a good set for Q2 numbers.
The firm topped market estimates with a 32 percent rise in profit on the back of a pickup in orders, and stood by its outlook for 20 percent revenue growth in fiscal 2011.
The BSE IT index slipped 3.25 percent on Friday after Infosys, which posted better-than-expected results, warned currency volatility could crimp growth for the outsourcing sector.
The stock closed 3.4 percent lower, after rising as much as 2 percent to a record high of 3,249 rupees on results. Both Wirpo and TCS ended 3.5 percent lower.
It was a tough day for investors in realty stocks, as the sectoral index slipped 1.8 percent and ended as the top loser among indices.
Anant Raj Industries led the losers, ending down 3 percent. Top listed firms like Unitech and DLF followed, slipping 2.5 and 2 percent respectively.