Money on the markets

A maturing market amid the mayhem

BSE Oil & Gas Index rises

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INDIA-STOCKS/

The BSE Oil & Gas index rose for the third consecutive day and ended 2.2 percent higher while the broader market closed 1.3 percent up.

The rise in the index was led by Reliance Industries, GAIL, Aban offshore and Cairn India.

Shares in Reliance Industries were boosted on Wednesday as investor fears the energy major would overpay for LyondellBasell were allayed after the petrochemicals firm was said to have rejected its offer.

Shares in the counter ended 3.9 percent higher at 1,021 rupees.

The sectoral index has dropped over six percent this year. Reliance Industries and GAIL dropped over 6 percent and 3 percent respectively in the same period.

Realty index dips 3 pct

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INDIA-ECONOMY/The BSE Realty Index dropped for a third straight day on Friday, shedding 3.3 percent in a broader market that ended 0.83 percent down.

Indiabulls Real Estate slipped 6.2 percent and was the top sectoral loser, while DLF and Unitech lost 4.1 percent and 1.4 percent respectively.

Bad day for realty stocks

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INDIA

The BSE Realty Index slumped 3.8 percent on Thursday in a broader market that was weighed down by weak global cues.

The Realty Index was the top sectoral loser on the BSE, with all components except Mahindra Lifespace, ending in the red. Sobha Developers dropped 5.6 percent.

Realty index dives

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The BSE Realty Index slid nearly 8 percent to a two-month low on Tuesday after the Reserve Bank of India (RBI) withdraws some liquidity measures.

The BSE Realty Index ended 6.2 pct down, with the main losers being Puravankara (down 9.9 percent), Omaxe (down 9.6 percent), HDIL (down 8.6 percent) and Unitech (down 7.6 percent).INDIA-ECONOMY/

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