'The ship has been stabilised.' 'For the last 6-7 quarters, profitability is stable around Rs 250-Rs 300 crore.'
Listed Mumbai developers are battling higher inventory levels.
Eight Sensex biggies such as Reliance, L&T, BHEL, SBI and ICICI Bank are among the worst hit.
Experts attribute this to new launches in anticipation of a demand revival after the 2014 general elections.
The Indian stock market is in the midst of a great bull run. Indiabulls, a prominent name in the financial services arena, applies for a licence for mutual fund operations.
The market breadth, indicating the overall health of the market turned negative from positive
Experts, however, caution that though the moves are positive for the sector as a whole, they don't expect much gain in the near-term.
Participants are keenly waiting for the January IIP.
High networth individuals selling stocks to buy real estate is among the key risks for the Indian markets.
Bank Nifty closes at a 30-month high; Rate sensitives lead the rally on RBI rate cut optimism.
Sensex ended up 190 points at 25,519 and Nifty climbed 57 points to end at 7,626.
The entire proceeds from the sale of Reliance Centre will be utilised only to service YES Bank debt.
Akruti City, Omaxe, Sobha Developers, among other property developers, are pledging shares with lenders to provide additional security, apart from hypothecating properties to borrow funds, according to information submitted to the stock exchanges. Promoters of Akruti, Omaxe and Sobha have pledged their shares with Indiabulls Financial Services, financiers like Dubai-based BankSarasin & Co and Credit Suisse as a liquid security for loans against properties.
Real estate developers like Indiabulls, DLF, Peninsula and even retail giant Future group are all considering converting space reserved for malls and hyper-markets to office space to meet heavy demand from financial institutions, investment banks and large companies.
Difference due to pricing; up by a third in Mumbai since Jan, almost stationary in Delhi.
Third attempt to get more buyers, property market still quite depressed.
More than 50 companies had rushed to make qualified institutional placements after real estate firms like Unitech and Indiabulls raised money through this route. Now it appears that only some of these companies may be able to raise equity through this route, on rising concerns over valuations and over-supply.
Last week, after months of scrutiny, the Forward Markets Commission, the regulator for futures trading in commodities, approved a proposal from state-owned MMTC Ltd and finance-to-real estate group Indiabulls to set up a national multi-commodity exchange.
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
Markets ended weak tracking the expiry of April derivative contracts.
Government on Monday formed a multi-agency group to monitor exposes in this regard and vowed to take action against all "unlawful" accounts held abroad.
Banking and real estate stocks rise up to 5% on further rate-cut hope.
The market breadth, indicating the overall health of the market, turned negative from positive
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
In commercial real estate, leasing of office space was higher although the activities were subdued in retail segment.
The 30-share Sensex closed at 27,112 up by 481 points whereas the Nifty ended higher by 139 points at 8,115.
Shares of rate-sensitive realty, bank and auto sectors were on buyer's radar on Wednesday.
.jpg)
The year so far has witnessed several luxury project launches by major real estate companies such as DLF, Unitech, Supertech, Tata Housing and Godrej Properties.
A steady demand environment, prudent debt management and faster absorption of office space gave them an edge over others.
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
Portfolio returns, say analysts at Morgan Stanley, are more likely to be driven by bottom-up stock-picking rather than top-down macro forces.
Investors booked profits at higher levels despite the growth oriented Budget.
Bombay Stock Exchange Sensex closed 30 points lower at 21,140 levels.
'2018 has seen a bi-polar market.' 'Thanks to gains in some key stocks, market returns are positive. But there has been huge wealth destruction in the small and mid-cap space.'
Banking stocks felt the heat due to worries that the lending rate cuts will hit their bottom line
Custodian banks are selling dollars for their foreign fund clients.
Sensex gained 38.18 points or 0.15% at 25,918.95 and Nifty ended higher by 12.50 points or 0.16% at 7,739.55.
The S&P BSE Sensex has gained 149 points to open at 25,802.
Stocks of companies having operations and exports to Europe were the top losers.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances