Partner With Us NRI

Barometers trade with minor cuts, Realty shares slides

Published on Feb 29, 2024 10:36

The key equity benchmarks traded with moderate losses in morning trade. The Nifty traded below 21,900 after hitting day�s high of 22,022.40 in early trade. Realty shares extended losses for second consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, was down 131.43 points or 0.18% to 72,173.45. The Nifty 50 index lost 64.05 points or 0.29% to 21,887.10.

In the broader market, The S&P BSE Mid-Cap index shed 0.47% and the S&P BSE Small-Cap index fell 0.76%.

The market breadth was weak. On the BSE, 1,242 shares rose and 2,285 shares fell. A total of 150 shares were unchanged.


The National Statistical Office (NSO) is scheduled to release the official third quarter GDP data today. India�s economic growth is likely to moderate in the range of 6 to 6.8% in the third quarter of the current financial year, sharply lower than 7.6% expansion recorded in the previous quarter, as per reports.

New Lisitng:

Shares of GPT Healthcare were currently trading at Rs 202.10 at 10:39 IST on the BSE, representing a premium of 6.50% as compared with the issue price of Rs 186.

The scrip was listed at Rs 216.15, exhibiting a premium of 16.21% to the issue price.

So far, the stock has hit a high of 219.70 and a low of 200.20. On the BSE, over 6.91 lakh shares of the company were traded in the counter so far.

Buzzing Index:

The Nifty Realty index declined 1.18% to 898.75. The index fell 3.27% in two trading sessions.

Macrotech Developers (down 2.74%), Prestige Estates Projects (down 1.62%), Mahindra Lifespace Developers (down 0.94%), DLF (down 0.51%) and Phoenix Mills (down 0.38%) declined.

On the other hand, Brigade Enterprises (up 4.05%), Swan Energy (up 0.55%) and Oberoi Realty (up 0.51%) edged higher.

Stocks in Spotlight:

PB Fintech: Insurance Regulatory and Development Authority of India (IRDAI), has granted Certificate of Registration to Policybazaar Insurance Brokers Private Limited (Policybazaar), a wholly owned subsidiary of the company to act as Composite Insurance Broker under IRDAI (Insurance Brokers) Regulations, 2018 (�Regulations�) with effect from 28 February 2024. With grant of new Certificate of Registration, the category has been changed from Direct Insurance Broker (Life & General) to Composite Insurance Broker.

Oil India fell 2.18%. The meeting of the board of directors of the company is scheduled on 08 March 2024 to consider and approve second interim dividend for Financial Year 2023-24.

JSW Steel rose 0.04%. The company has incorporated a new Wholly-owned Subsidiary �JSW Green Steel� for manufacture of hot-rolled and coldrolled products of steel which is in line with the main line of business of the company.

Powered by Capital Market - Live News