Market Commentary     09-Apr-24
Mid-Session
Nifty above 22,750; realty shares rally for 3rd day
The key equity barometers traded with modest gains in morning trade. The Nifty scaled above 22,750 mark. Realty shares extended gains for third consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, jumped 334.31 points or 0.43% to 75,066.42. The Nifty 50 index added 88.65 points or 0.39% to 22,754.95.

The Sensex and Nifty clocked an all-time high of 75,124.28 and 22,765.30, respectively in early trade. Further, the Nifty Bank index also registered a fresh record high today at 48,856.65.

In the broader market, The S&P BSE Mid-Cap index rose 0.30% and the S&P BSE Small-Cap index added 0.52%.

The market breadth was positive. On the BSE, 2,007 shares rose and 1,425 shares fell. A total of 158 shares were unchanged.

Buzzing Index:

The Nifty realty index advanced 1.38% to 963.35. The index rallied 4.20% in three trading sessions.

Sobha (up 7.26%), Godrej Properties (up 5.67%), Sunteck Realty (up 2.51%), Brigade Enterprises (up 2.09%), Macrotech Developers (up 0.98%), DLF (up 0.9%), Oberoi Realty (up 0.63%) and Prestige Estates Projects (up 0.39%) advanced.

Stocks in Spotlight:

Omaxe rallied 6.38% after the wholly owned subsidiary and special purpose company (SPC) of Omaxe, Worldstreet Sports Center, will be developing an international cricket and football stadium, an indoor stadium along with a retail and hospitality hub spread across an area of 50.40 acres in Delhi's Dwarka area for around Rs 1500 crore.

Strides Pharma Science shed 0.17%. The pharma major said that its step‐down wholly owned subsidiary Strides Pharma Global Pte., Singapore, has received approval for Fluoxetine Tablet from the United States Food & Drug Administration (US FDA).

Dilip Buildcon rose 1.77% after the company was declared as lowest bidder for the tender floated by the Haryana Rail Infrastructure Development Corporation Limited on EPC mode in Haryana. The project is worth Rs 1,092.46 crore.

Previous News
  Macrotech Developers Ltd Falls 3.1%
 ( Hot Pursuit - 25-Sep-24   09:30 )
  Omaxe schedules AGM
 ( Corporate News - 18-Sep-24   16:55 )
  Dilip Buildcon rises on emerging as L-1 bidder for Rs 1,341-cr project
 ( Hot Pursuit - 05-Sep-24   14:31 )
  Dilip Buildcon successfully bids for Rs 1,341 cr Konkan Railway Corporation project
 ( Corporate News - 05-Sep-24   12:22 )
  Dilip Buildcon to convene AGM
 ( Corporate News - 17-Aug-24   12:37 )
  Omaxe reports consolidated net loss of Rs 147.44 crore in the June 2024 quarter
 ( Results - Announcements 14-Aug-24   07:38 )
  Dilip Buildcon slips after Q1 PAT slides 76% YoY in FY25
 ( Hot Pursuit - 13-Aug-24   14:58 )
  Dilip Buildcon consolidated net profit rises 842.35% in the June 2024 quarter
 ( Results - Announcements 13-Aug-24   13:49 )
  Omaxe to announce Quarterly Result
 ( Corporate News - 10-Aug-24   14:06 )
  Sobha consolidated net profit declines 49.71% in the June 2024 quarter
 ( Results - Announcements 09-Aug-24   07:30 )
  Dilip Buildcon to convene board meeting
 ( Corporate News - 08-Aug-24   16:13 )
Other Stories
  Indices trade lower; oil & gas shares tumble
  01-Oct-24   14:32
  Benchmarks continues to trade in sideways; IT shares advanced
  01-Oct-24   13:36
  Barometers trade in sideways; Realty shares decline for 3rd day
  01-Oct-24   12:35
  Nifty below 25,800; metal shares lackluster
  01-Oct-24   11:33
  Sensex, Nifty pare gains; IT shares advance
  01-Oct-24   10:32
  Indices edge higher in early trade; breadth strong
  01-Oct-24   09:33
  Sensex slumps 1,268 pts; private bank shares tumble
  30-Sep-24   14:32
  Sensex below 84,450 mark; European mkt decline
  30-Sep-24   13:36
  Nifty breaches 25,950 mark; auto shares slide
  30-Sep-24   12:38
  Market near day’s low; metal shares rally for 7th day
  30-Sep-24   11:20
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