Property sales have been sluggish and the sector has been facing headwinds. So, firms are in wait-and-watch mode.
A lot of mid and small-caps are in the bubble zone and command high valuation and have corrected sharply.
Somesh Jha describes the mood at Patiala House courtroom and outside on Thursday during the 2G spectrum case verdict.
Pawar said he was upset that his three sisters were dragged into this.
Piyush Goyal, treasurer of Bhartiya Janata party and noted charted accountant, has confirmed that he did advise D B Realty -- a Shahid Balwa company, one of the prime accused in 2G spectrum scam -- for raising equity by going to the public.
Swan Telecom promoter Shahid Balwa, who along with former Telecom Minister A Raja and 17 others are facing a money laundering case arising out of the 2G scam, on Friday moved the Supreme Court seeking setting aside of a lower court order of framing charges against him.
The Supreme Court on Wednesday directed AIIMS director to constitute a medical board to examine whether Dravida Munnetra Kazhagam chief M Karunanidhi's wife Dayalu Ammal is medically fit to depose as a witness before a Special CBI court in a 2G scam case.
Over the past one-and-half years, the number of stocks trading below their respective face value has increased 29 per cent after a sharp correction in stocks of small-cap companies.
The BSE Realty Index is on a downhill journey.
Bombay Stock Exchange Sensex closed 30 points lower at 21,140 levels.
Monsoon is expected to be normal in June.
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
Participants are keenly waiting for the January IIP.
According to market experts, GST Bill, movement of the rupee and uncertain global cues amid expected rate cut by the US Fed will dictate the movement of the markets.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
Auto and realty shares were among the top Sensex gainers.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Former telecom minister A Raja, Dravida Munnetra Kazhagam MP Kanimozhi and 17 others were on Friday chargesheeted by the Enforcement Directorate in a special court in connection with a money-laundering case relating to the 2G spectrum allocation scam in which the party-run Kalaignar TV was allegedly paid Rs 200 crore by the promoters of Swan Telecom.
The 30-share Sensex ended up 248 points at a record closing high of 27,346.
Big Mumbai developers' inventory at Rs 53.4 crore.
Custodian banks are selling dollars for their foreign fund clients.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
Nifty snaps 10-day winning streak
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
Investors booked profits at higher levels despite the growth oriented Budget.
As economic policy making moves from pragmatism to populism, the bulls begin to make way for cautious optimists.
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
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