Builders bet on affordable homes as luxury sales dip, however, signs of revival after note ban and Rera are slowly visible
The NSE Nifty ended at 2,935, up 15 points. The market breadth was positive - out of 2,574 stocks traded, 1,374 advanced, 1,092 declined and 108 were unchanged on Tuesday.
With the arrival of the second Covid wave in April, the numbers fell by almost 50 per cent.
The NSE Nifty ended with a loss of 45 points at 4,292. The market breadth was negative - out of 2,702 stocks traded, 1,568 declined, 1,035 advanced and 99 were unchanged on Wednesday.
So which sectors are likely to do well in 2022? Should you focus on domestic economy-related sectors or export-oriented ones?
After Maharashtra, analysts expect more states like Karnataka and Haryana to slash stamp duty rates. However, analysts, do caution that it's still a long road to recovery for the realty sector.
The Sensex opened with a negative gap of 83 points at 14,726, and slipped to a low of 14,677 in early deals. The index, thereafter, pared gains and slipped into red in late trades. The Sensex finally settled at 14,833 - up 24 points. The NSE Nifty ended with a gain of 30 points at 4,533. DLF, TCS, Reliance Energy and Reliance Communications, Larsen & Toubro, Hindustan Unilever, Ranbaxy, BHEL, ICICI Bank and Tata Motors, Bharti Airtel and Cipla were major gainers on Tuesday.
The Sensex touched a high of 16,168, up 429 points from the day's low, and finally ended with a gain of 199 points at 16,123. NSE Nifty ended 66 points higher at 4,866. DLF zoomed over 10% to Rs 749. Larsen & Toubro gained nearly 7% at Rs 2,917. ACC, Ranbaxy, Bajaj Auto, BHEL, NTPC and Reliance were gainers on Tuesday. Maruti and Satyam dropped, while HDFC, Cipla and Wipro shed 2.5% each. Tata Motors and ICICI Bank slipped around 2% each. Reliance Energy topped value charts.
Lodha Developers on Thursday said it has completed the acquisition of 17-acre prime land in Mumbai from realty major DLF for Rs 2,725 crore (Rs 27.25 billion) -- the largest realty deal so far this year.
The NSE Nifty ended at 5,777, down 271 points. The market breadth was fairly negative at close - out of 2,954 stocks traded, 1,939 declined, 999 advanced and 16 were unchanged today.
Buyers are looking for deals at half the price sellers are asking for.
Many across Corporate India seem to have taken a leaf out of Modi's endorsement of healthy living through yoga.
But the Robert Vadra firm, which held luxury apartments in top DLF projects, sees income and profits dry up since FY11.
Donations received in form of electoral bonds were not included in the filing.
With relaxations in the nationwide coronavirus-induced lockdown, locals were seen strolling and jogging at roads and beaches of Mumbai and other cities on Sunday.
Cleaning up India's grubby business climate is top of the agenda for both regulators and the government.
The NSE Nifty ended at 4,583, down 54 points. The market breadth was extremely negative - out of 2,774 stocks traded, 2,020 declined while 706 advanced. The rest were unchanged.
The actor was in Noida to promote her new lipstick collection.
The Sensex opened 49 points lower at 17,441. he Sensex recovered partially and finally ended with a loss of 118 points at 17,373. The NSE Nifty shed 48 points to end at 5,145. Bharti Airtel and DLF slumped 5.3% each to Rs 847 and Rs 668, respectively. M&M and Reliance Communications dropped 2% each. L&T, Maruti and ACC slipped over 2% each. BHEL has plunged 2.5%, SBI and NTPC declined 1.3% each, Grasim was, also, down over 1%. Satyam and ITC surged 2% each. TCS gained 1.5%.
Big names in the real estate industry are trying to keep pace with the rising demand for ultra-luxurious holiday homes. DLF is the latest entrant in the segment, after Tata Housing and the Lodha Group had recently ventured.
Official sources said the three-member committee headed by Additional Chief Secretary Krishna Mohan said that Khemka had acted beyond the authority vested in him by cancelling the mutation of three-acre of land to DLF following the deal with Vadra, son-in-law of Congress President Sonia Gandhi.
The real estate sector has underperformed the Sensex in the past 2 years.
Meet the hot showstoppers from the India Runway Week 2019.
Major companies DLF and Unitech have posted an increase in their net profit after a gap of almost two years.
Mihir S Sharma asks a few questions on l'affaire Vadra, and makes notes on who should answer them and why
Activist Arvind Kejriwal on Monday attacked Bharatiya Janata Party leader Shanta Kumar for asking them to include Priyanka Vadra's property in their fight on DLF-Robert Vadra issue, saying the party-led Himachal Pradesh government has the details and it should make the details public.
Developers could not find the model of affordable housing viable as they used same resources for premium projects and due to rise in cement and steel prices.
Sticking to its demand for a probe into Arvind Kejriwal's allegations on Robert Vadra's dealings with DLF, the Bharatiya Janata Party on Sunday said those involved should put forward "concrete clarification" on the charges to put an end to the issue.
Caught in a controversy over allegations that he was favoured by realty major DLF, Robert Vadra has broken his silence saying he can "handle all the negativity" even as Congress and BJP sparred over the issue.
We should not be listening to the real estate sector's demands on interest rates. Clearly we know where the problem is, says Govindraj Ethiraj.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'A penalty of Rs 500 was immediately imposed as per rules on Wednesday and the fine amount was also remitted. The worker was using running water to clean the car, leading to wastage of water'
While other Indians in the fray went over par, the 21-year-old from Chandigarh sank five birdies, including one at the 18th, against three bogeys and a double bogey at the 17th, to share the lead with English golfer Matt Wallace, who carded two-under 70 to total 209.
The head of a global advisory firm in the US said in a recent conversation that India was the most unpredictable territory because nowhere else in the world did you have the same combination of complicated rules and enforcement with a random harshness.
The buy/sale agreement between the two parties is back in focus.
After his recently published autobiography Whatever the Odds, he's already looking forward to a biography, where he's known as a giver more than anything else.
"The concrete actions are a stern indication that Government of India is making all out efforts to increase vaccine production in the country as well as attracting foreign vaccine manufacturers to supply the required vaccine doses for national Covid vaccination programme," the ministry in a statement.
Around 75 per cent, or 372 stocks, that are part of the BSE500 are trading at least 10 per cent below their all-time high levels, despite the index hitting a record high 20,515 points on the BSE in intra-day trade on Wednesday, surpassing its previous high of 20,390 touched in March 12. The index, which accounts for 93 per cent of BSE listed companies' market capitalisation, has gained 8 per cent from its recent low of 18,983, touched on April 19. In comparison, the benchmark S&P BSE Sensex gained 6 per cent over the same period, but is still nearly 4.5 per cent away from its all-time high of 52,517 that it hit on February 16.
Puneet Wadhwa and Debashish Pachal locate real estate stocks to watch out for.
High net worth investors (HNIs) caught in the Rs 405-crore fraud at Citibank's DLF Phase-II branch in Gurgaon, have recovered their money, with the bank refunding the principal amount, pending investigations.
