The Sensex closed the day at 28,141, up 486 points, while Nifty50 settled at 8,716, up 155 points.
Mumbai, India's financial capital, is set for a mega transformation with a massive patch of land opening up for redevelopment; a new metro railway ready to start services by the year-end; and the country's oldest railway station, the Chhatrapati Shivaji Terminus, going for modernisation with private sector participation. Work on Mumbai's second airport will start from next month, while construction of the sea link connecting central Mumbai to Navi Mumbai has already moved into a fast lane despite Covid-induced lockdowns. Also, a coastal road project, connecting Nariman Point to Worli, is under way and will help decongest the city to quite an extent. Of all these mega infrastructure projects, the one that has a huge potential to change the city's skyline is the Eastern Waterfront project - to be built on the Mumbai Port Trust (MbPT) land.
Though the developments are positive, analysts say the benefits will accrue only in the long run
Top 100 billionaires see their wealth rise 10%; top 20 account for half of total wealth of top 100.
Broader market underperformed the headline indices with BSE Midcap and BSE Smallcap finishing in red
The deterioration in the market mood has directly impacted fund-raising plans of real estate developers, many of whom have either delayed their initial public offers or have decided to go slow.
Real estate bill seeks to impose penalties, including de-registration of the project and other fines in case of a breach.
Urban planners and real estate experts say bad town planning in Mumbai and rising deaths during the ongoing pandemic are a "sad reality". Dev Chatterjee and Raghavendra Kamath report.
The BSE Midcap and the S&P BSE Smallcap indices outperformed to gain 0.6% and 1.1%, respectively
Morgan Stanley has big plans to invest in India's real estate.
The company plans to raise Rs 750 crore; other realtors may follow.
For India Inc, latest GDP figures signal a turnaround.
Phonemaker Apple is said to be in talks to take 30,000 sq ft retail space at plush property Maker Maxity, in Bandra Kurla Complex
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
Participants are keenly waiting for the January IIP.
Despite a 56 per cent fall in residential launches in the first half of the year compared to the second half of 2019, Anarock Property Consultants believes that consolidation in residential real estate is expected to gain ground, and that branded players may garner a market share of 75-80 per cent.
BSE Power, Healthcare, Capital Goods, FMCG and Metal indices gained between 0.6-1%.
The broader markets ended in line with the benchmark indices- BSE Midcap and Smallcap indices ended higher by 1.3% and 0.9% each.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
Housing sector to benefit from Budget.
The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.
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.
Sensex ended up 190 points at 25,519 and Nifty climbed 57 points to end at 7,626.
Real test of the rally in this segment will be the upcoming result season.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
Call it an expectation of revival in the real estate market or improving liquidity, bulge bracket property deals have made a comeback in the country's commercial capital.
Shares of rate sensitive sectors such as realty, infrastructure, banking and automobiles ended higher ahead of the Reserve Bank of India (RBI) mid-quarter policy review on June 17.
Sensex was up 184 points at 25,580 and the Nifty added 71 points to end the day at 7,654
The S&P BSE Sensex shed 286 points to close at 24,539 and the Nifty50 lost 100 points to end at 7,456.
The 30-share Sensex ended up 248 points at a record closing high of 27,346.
Asin joins a long list of actresses, who married rich businessmen!
The 30-share Sensex closed at 27,112 up by 481 points whereas the Nifty ended higher by 139 points at 8,115.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Five of the 12 BSE sectoral indices ended at 52-week highs; the oil and gas index zoomed by nearly 5%.
Weak monsoon forecast rekindled fears of higher inflation.
Hilton has also hired Mallika Rao Bedi, former head of human resources at Oberoi and Trident Gurugram, as its regional head of human resources (Asia Pacific).
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
Sensex firm on favourable GDP numbers for FY16.
