NIFTY TRADES BELOW 25,950 MARK; REALTY SHARES DECLINE

The key equity benchmarks traded with moderate losses in morning trade amid persistent foreign portfolio outflows, a weakening rupee, and continued uncertainty over a trade agreement with the United States.

The Nifty traded below the 25,950 mark. Realty shares extended losses for the second consecutive trading session.

At 10:30 ST, the barometer index, the S&P BSE Sensex, fell 384.50 points or 0.45% to 84,828.86. The Nifty 50 index lost 117.40 points or 0.45% to 25,909.80.

In the broader market, the S&P BSE Mid-Cap index fell 0.55% and the S&P BSE Small-Cap index slipped 0.46%.

The market breadth was positive. On the BSE, 1,567 shares rose and 1,981 shares fell. A total of 217 shares were unchanged.

Buzzing Index:

The Nifty Realty index slipped 0.98% to 877.45. The index fell 1.02% in two consecutive trading sessions.

Brigade Enterprises (down 1.61%), Anant Raj (down 1.48%), Prestige Estates Projects (down 1.34%), Sobha (down 1.19%) Godrej Properties (down 1.02%), DLF (down 0.95%), Oberoi Realty (down 0.83%), Lodha Developers (down 0.57%), SignatureGlobal India (down 0.55%) and Phoenix Mills (down 0.25%) declined.

Stocks in Spotlight:

Nucleus Software Exports advanced 2.81% after the company said its FinnOne Neo platform has been successfully implemented by Vietnam�s Military Joint Stock Commercial Bank, one of the country�s top five lenders.

B. L. Kashyap and Sons rose 1.59% after the company said that it has secured an order worth Rs 615.69 crore from Sattva CKC for structural and civil works for the commercial project �Sattva Chennai Knowledge City� at Chennai, Tamil Nadu.

Arvind SmartSpaces added 1.02% after it has acquired a new residential high-rise project in Whitefield, Bengaluru, with a total estimated saleable area of around 4.6 lakh sq. ft. and a top-line potential of approximately Rs 550 crore.

Powered by Capital Market - Live News