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Realty sector feels the heat


INDIAThe BSE Realty Index topped the list of sectoral losers on Thursday, with the index falling 4.3 percent as real estate stocks came under pressure.

Indiabulls Real Estate, HDIL and Unitech slipped over 5 percent each and ended as the top losers in the index. Phoenix Mills was the only counter on the index that closed in the green.

Shares in DLF, India’s top listed realty firm, fell 3.7 percent.

Manish Kumar, head of investments at ICICI Prudential Life Insurance, told Reuters he was shying away from the real estate sector given its sharp rise and valuations that are pricing in significant increase in execution.

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Infosys, HDFC Bank touch 52-week highs


The BSE Sensex closed 52 points lower on Wenesday, but many top counters touched their 52-week highs in trade, Thomson Reuters data shows.

Top IT stocks Infosys, Wipro and TCS touched their 1-year highs as the BSE IT index closed 0.7 percent higher.

Weak day for oil & gas stocks


Shares in ONGC dropped over 2 percent and ended as the top Sensex loser as the broader market closed just 18 points higher.

The Oil & Gas Index slipped around 0.7 percent in trade, with ONGC, BPCL and Reliance among the losers.

Lacklustre day for IT stocks


The BSE IT index was the only sectoral index to close in the red on Monday, in a broader market that ended 183 points up.

Top IT firms Infosys Technologies and TCS were among the top Sensex losers, falling 0.83 percent and 0.63 percent respectively. Patni Computer dropped over 3 percent.

Auto stocks post healthy gains


The BSE Auto index rose 1.5 percent on Friday, taking the festive season-backed gains for the month to 7.4 percent.

Hero Honda and Maruti Suzuki rose 4 percent each in trade, ending as the top gainers among the Sensex components. Exide Industries surged 8.6 percent.

Bad day for realty, Unitech falls over 5 pct


Shares in Unitech, one of India’s leading realty firms, dropped over 5 percent on Thursday as the broader market ended down over 150 points.

Only three stocks in the realty index closed in the green, with Parsvanath and Unitech ending as top losers with an over 5 percent fall each.

Metal stocks rally


It was a good day at the bourses for metal stocks, with the BSE Metal Index gaining 4.2 percent in a broader market that jumped over 400 points.

All stocks in the metal index closed in the green, with Gujarat NRE Coke and Sesa Goa leading the pack with gains of over 7 percent each.

Bharti Airtel struggles in trade


INDIA-BHARTI/AIRTELShares in Bharti Airtel, India’s top mobile operator, dropped over 4 percent on Tuesday as a bleak outlook for the sector hit telecom shares.

Losses in Bharti, the top Sensex loser, also weighed on the Sensex which closed down around 60 points.

RIL shares jump over 3 percent


Shares in Reliance Industries (RIL) gained 3.4 percent on Monday on a newspaper report that the country’s top listed firm was in acquisition talks overseas.

The Economic Times said the company was close to a nearly $6 billion acquisition and the likely target was the assets of petrochemicals firm LyondellBasell.

Realty stocks slump


The BSE Realty Index lost 9.8 percent on Tuesday in a broader market that slipped nearly 500 points on the first trading day of November.

Realty majors Unitech and DLF ended the day with losses of over 9 percent each. DLF shares have dropped more than 30 percent since October.