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Indices trade with minor cuts, realty shares rallies for 4th day

Published on Nov 01, 2023 10:32

The benchmark indices continued to trade with limited losses in morning trade. The Nifty traded below the 19,100 level. Realty extended gains for the fourth consecutive trading session.

At 10:29 IST, the barometer index, the S&P BSE Sensex, was down 124.07 points or 0.19% to 63,750.86. The Nifty 50 index shed 26.55 points or 0.14% to 19,053.05.

In the broader market, the S&P BSE Mid-Cap index declined 0.09% while the S&P BSE Small-Cap index gained 0.37%.

The market breadth is strong, On the BSE, 1,943 shares rose and 1,271 shares fell. A total of 197 shares were unchanged.

New Listing:

Shares of Blue Jet Healthcare were quoting at Rs 395.85 at 10:22 IST on the BSE, representing a premium of 14.41% as compared with the issue price of Rs 346.

The scrip was listed at Rs 359.90, exhibiting a premium of 4.02% to the issue price.

So far, the stock hit a high of Rs 395.85 and a low of Rs 359.90. On the BSE, over 15.71 lakh shares of the company were traded in the counter so far.

Buzzing Index:

The Nifty Realty index rose 1.30% to 610.85. The index jumped 6.82% in four trading sessions.

DLF (up 3.37%), Sobha (up 2.64%), Phoenix Mills (up 1.83%), Brigade Enterprises (up 1.58%) and Swan Energy (up 1.47%), Godrej Properties (up 1.27%), Oberoi Realty (up 0.92%), Mahindra Lifespace Developers (up 0.37%) and Macrotech Developers (up 0.29%) edged higher.

Stocks in Spotlight:

Bajaj Auto rose 1.19%. The company said that it has sold 471,188 auto units in the month of October 2023, which is higher by 19% as compared with 395,238 units sold in the same period last year. While the company�s domestic sales have risen by 36% to 329,618 units, exports have declined by 7% to 141,570 units in October 2023 over October 2022. Bajaj has sold 408,144 units of 2-wheelers (up 19% YoY) and 63,044 units of commercial vehicles (up 18% YoY) during the period under review.

Escorts Kubota fell 2.59% after the company said that its Agri Machinery Business Division has sold 13,205 tractors in October 2023, which is lower by 8.9% as compared with the same period last year. The company had sold 14,492 tractors in October 2022. While domestic sales declined by 8.7% to 12,642 units, tractor exports fell by 13.3% to 563 units in October 2023 over October 2022.

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