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Sensex rises 400 pts, realty stocks rally for 6th day

Published on Nov 03, 2023 10:31

The frontline indices traded with modest gains in morning trade. The Nifty scaled above the 19,250 mark. Realty shares extended gains for the sixth consecutive trading session.

At 10:27 IST, the barometer index, the S&P BSE Sensex, was up 399.50 points or 0.62% to 64,480.40. The Nifty 50 index added 124.05 points or 0.65% to 19,257.30.

In the broader market, the S&P BSE Mid-Cap index rose 0.68% while the S&P BSE Small-Cap index gained 0.97%.

The market breadth is strong. On the BSE, 2,380 shares rose and 889 shares fell. A total of 158 shares were unchanged.


The S&P Global India services Purchasing Managers` Index (PMI) declined to 58.4 in October as compared to 61 in September, signaling the slowest rate of expansion since March. The Competitive pressures and inflationary forces restricted the increase, according to surveyed firms.

Meanwhile, the S&P Global India Composite PMI Output Index fell from 61 in September to 58.4 in October, indicating the weakest rate of expansion since March.

Buzzing Index:

The Nifty Realty index rose 1.42% to 636.70. The index surged 11.34% in six trading sessions.

Prestige Estates Projects (up 2.77%), Brigade Enterprises (up 2.34%), Sobha (up 1.72%), Phoenix Mills (up 1.14%), DLF (up 0.78%), Mahindra Lifespace Developers (up 0.68%), Swan Energy (up 0.66%), Godrej Properties (up 0.5%), Oberoi Realty (up 0.48%) advanced.

Stocks in Spotlight:

Indian Railway Finance Corporation (IRFC) shed 0.49% after the company�s net profit declined 9.59% to Rs 1,549.87 crore in Q2 FY24 as compared with Rs 1,714.28 posted in corresponding quarter last year. Revenue from operations jumped 16.46% year on year to Rs 6,766.32 crore in Q2 FY24.

NBCC (India) added 0.40%. The government-owned construction company, has recently secured two significant orders from the Haryana government. The combined value of these orders amounts to Rs 212 crore.

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