Money on the markets
A maturing market amid the mayhem
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?
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 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.
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.