SENSEX DOWN 274 PTS; REALTY SHARES SLIDE

The frontline indices traded with minor losses in mid-morning trade. The Nifty traded below the 24,300 level. Realty shares extended losses for the second consecutive trading session. Trading could be volatile due to weekly F&O series expiry today.

At 11:30 IST, the barometer index, the S&P BSE Sensex, was down 274.87 points or 0.34% to 79,647.33. The Nifty 50 index lost 67.20 points or 0.28% to 24,257.25.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.18% and the S&P BSE Small-Cap index gained 0.46%.

The market breadth was strong. On the BSE, 2,111 shares rose and 1,607 shares fell. A total of 144 shares were unchanged.

Buzzing Index:

The Nifty Realty index declined 1.22% to 1,112.95. The index shed 1.42% in two trading sessions.

Macrotech Developers (down 3.21%), Brigade Enterprises (down 2.47%), Prestige Estates Projects (down 1.44%), Sobha (down 1.24%), Sunteck Realty (down 0.94%), Mahindra Lifespace Developers (down 0.89%), Oberoi Realty (down 0.66%), Phoenix Mills (down 0.63%), Godrej Properties (down 0.43%) and DLF (down 0.13%) edged lower

Stocks in Spotlight:

Power Grid Corporation of India shed 0.56%. The company said that its board approved to borrow funds upto Rs 16,000 crore through various sources during the financial year 2025-2026.

IRB Infrastructure Developers rose 0.79%. The company�s gross toll collection jumped 35% YoY to Rs 517 crore in June.

Sula Vineyards shed 0.04%. The India`s largest and only listed wine producer on Wednesday announced that it has recorded its highest ever Q1 net revenues overall as well as for the priority Own Brands.

Global Markets:

Asian stocks edged higher on Thursday, fueled by tech gains and record highs in Japan, after chipmaker TSMC`s strong revenue boosted optimism for AI. TSMC`s record revenue in June, driven by surging AI demand, pushed its share price up nearly 2% in Taiwan.

The rally followed a surge on Wall Street overnight, where the S&P 500 and NASDAQ hit records on hopes of a soft economic landing and potential Fed rate cuts later this year. All eyes are now on upcoming consumer inflation data, which will heavily influence the Fed`s decision on interest rates.

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