Money on the markets

A maturing market amid the mayhem

Realty index rises in weak market

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- Realty index rises in weak market The BSE real estate index gained nearly 1 percent on Wednesday even as the overall market ended 30 points lower. Indiabulls Real Estate led the realty index and posted gains of over 4 percent. Parsvnath ended nearly 3 percent higher. Top realty firm Unitech rose 2.3 percent, whereas DLF ended marginally in red. The realty index is down over 8 percent this month. Would you invest in this sector now or wait for the budget on Friday?

The BSE real estate index gained nearly 1 percent on Wednesday even as the overall market ended 30 points lower.

Indiabulls Real Estate led the realty index and posted gains of over 4 percent. Parsvnath ended nearly 3 percent higher.

Top realty firm Unitech rose 2.3 percent, whereas DLF ended marginally in red.

The realty index is down over 8 percent this month. Would you invest in this sector now or wait for the budget on Friday?

Auto stocks end weak

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The BSE auto index slipped 1.8 percent on Tuesday, with shares in Maruti Suzuki slipping 3.2 percent.

Maruti Suzuki India is recalling 100,000 A-Star hatchbacks to fix a fuel leakage problem, a spokesman for the company told Reuters on Tuesday.

Good day for IT stocks

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The BSE IT index gained over 1 percent on Monday and ended as the top sectoral gainer in a Mumbai market that rose 45 points.

Shares in Infosys gained 1.5 percent to 2,568 rupees and was the top contributor to the benchmarks rise.

Metal index tops sectoral gainers

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Metal stocks had a good run on Tuesday which helped push the BSE Metal Index up 1.6 percent in a broader Mumbai market that rose 1.1 percent.

NALCO led the index components with a 4.2 percent rise, followed by Hindalco which gained 3.2 percent.

Healthcare stocks post decent gains

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The BSE healthcare index bucked the trend and closed marginally higher on Monday, even as the Sensex dropped over 100 points.

Stocks like Dr Reddy’s, Sun Pharma, Cipla and Divi’s Labs gained over 1 percent each.

Auto index gains over 2 pct

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The BSE Auto index gained over 2 percent on Thursday as the overall market jumped over 200 points to 16153.

Shares in Hero Honda gained over 4 percent, Amtek Auto rose 3.2 percent in trade.

Strong debut for Jubilant Foodworks

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Jubilant Foodworks, which runs the Dominos Pizza outlets in India, made a strong trading debut on Monday, closing more than 50 percent above the issue price of 145 rupees.

Shares in the Indian fast food chain touched a high of 241.95 rupees during trade before closing at 229 rupees.

Realty index drops over 2 percent

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Realty stocks fared poorly on Tuesday with the sectoral index slipping nearly 2.5 percent in an overall market that dropped nearly 200 points.

Anant Raj Industries ended as the top sectoral loser with losses of over 5 percent. Unitech followed closely with a drop of 4.3 percent. Shares in DLF, India’s top listed realty firm shed 2 percent.

L&T skids over 10 percent in 2 days

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Larsen & Toubro shares have dropped over 10 percent in the last two trading sessions. On Friday, it was among the top Sensex losers.

Shares in the company ended 3.4 percent lower at 1472 rupees with volumes of nearly 1.4 million shares.

Bharti Airtel shares jump

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Shares in Bharti Airtel, India’s leading telecom firm, gained 3 .4 percent on Wednesday and ended as the top Sensex gainer, even as the overall Mumbai market closed weak.

Other players like Reliance Communications and Idea Cellular managed to close in green as well.

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