Increase in service tax would make properties costlier to buyers.
The market breadth, indicating the overall health of the market turned negative from positive
A fourth of the property market is cash-based and this has affected home sales after high value notes were scrapped.
Demonitisation will facilitate transparency in the real estate industry, which has had a notorious reputation as a safe locker for black money, says Saket Mohta.
They sought further cut in interest rates as well as reforms.
The S&P BSE Midcap and S&P BSE Smallcap indices hit a new lifetime high
Though the markets have lost ground since the past few sessions, analysts do not seem worried.
Markets ended weak tracking the expiry of April derivative contracts.
The government's vision of "housing for all by 2022" may turn out to be an uphill task with developers keeping off low-cost housing projects citing regulatory hurdles, high land cost and low returns making such projects "unaffordable".
Though the developments are positive, analysts say the benefits will accrue only in the long run
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.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
The fall in metal and mining stocks comes on the back of weak Chinese trade data
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
The stock fell by 24.5 per cent to its 52-week low level of Rs 111.25 in opening trade at the BSE.
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.
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
Retail investors usually get caught up in the frenzy of a bull market and burn their fingers in IPOs, warns Tinesh Bhasin.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
Participants are keenly waiting for the January IIP.
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
The S&P BSE Sensex shed 286 points to close at 24,539 and the Nifty50 lost 100 points to end at 7,456.
Banking and real estate stocks rise up to 5% on further rate-cut hope.
Stocks of companies having operations and exports to Europe were the top losers.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
Sensex ended up 190 points at 25,519 and Nifty climbed 57 points to end at 7,626.
Realty sector is facing a huge slowdown for last 3-4 years, leading to a significant delays in possession of flats to customers.
The broader markets ended in line with the benchmark indices- BSE Midcap and Smallcap indices ended higher by 1.3% and 0.9% each.
Eight Sensex biggies such as Reliance, L&T, BHEL, SBI and ICICI Bank are among the worst hit.
In markets such as Mumbai, prices have gone beyond Rs 1.5 cr to Rs 2 cr which is beyond reach of most of the salaried class
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
The new law would boost home buyer confidence as well as investment in the realty sector.
Sensex was up 184 points at 25,580 and the Nifty added 71 points to end the day at 7,654
Weak monsoon forecast rekindled fears of higher inflation.
Custodian banks are selling dollars for their foreign fund clients.
Sensex firm on favourable GDP numbers for FY16.
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
The 30-share Sensex jumped 729 points to end at 28,076 and the 50-share Nifty soared 217 points to end at 8,494.
Five of the 12 BSE sectoral indices ended at 52-week highs; the oil and gas index zoomed by nearly 5%.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances