The residential and commercial projects developer sales value in the June quarter slipped by 10 per cent and stood at Rs 214 crores, compared to Rs 236 crore in the previous quarter
The presales value was 10% lower sequentially, the company said in an exchange filing on Tuesday. The collection for the quarter, however, rose 17% to Rs 272 crore in comparison to Rs 233 crore in the same quarter a year ago.
The recent consolidation in Nifty amid weak global cues indicates time-wise correction and traders should maintain a positive bias until the Nifty holds 22,200 level, sayd Ajit Mishra, SVP - Technical Research, Religare Broking.
In this week, BSE Sensex rose 596.87 or 0.81 percent to finish at 74,248.22 and touched record high of 74,501.73. Nifty50 index gained 186.8 points or 0.83 percent to close at 22,513.70 and touched new high of 22,619.
The easing of US bond yields and crude oil prices contributed to the recovery in the market last month. Bond yields eased following encouraging inflation data in the US, which strengthened the view that the interest rate hike cycle is closer to the peak.
The selling from Foreign institutional investors (FIIs) continued in the eight consecutive week as they offloaded equities worth Rs 746.62 crore, while domestic institutional investors (DIIs) bought equities worth Rs 3,363.36 crore in this week.
Promoter entity Fortitude Trade and Investment offloads entire 3.39 crore shares or 3.04 percent stake in Adani Transmission at an average price of Rs 786.17 per share, which amounted to Rs 2,666.5 crore.
Stocks to watch today: Lenders of debt-ridden Reliance Capital (RCap) have fixed April 26 as the new date for the second auction. As per the earlier schedule, it was to be held on April 11
The equity markets are under pressure for the last two days. Nifty 50 stood at 16,509.35 points, falling by 0.73%, while Sensex opened at 55,390.38 points, falling by 0.67% on July 25. Till 2.10 pm. Nifty PSU Bank fell by 0.58%, Nifty Private Bank fell by 0.83%, and Nifty energy fell by 0.25%. Zomato, GLT Infra Bank, and Yes Bank are the 3 top active stocks today.
Benchmark indices were sharply lower on Friday, tracking a plunge in global markets on inflation fears and ahead of the US May CPI data. In late morning deals, the BSE Sensex fell over 850 points to 54,461, while the NSE Nifty 50 shed 200 points to hover around 16,250.
Despite the negative sentiment, a total of 173 stocks hit their respective 52-week highs, of which the top 60 stocks touched record highs. This included nine stocks from the 'A' group.
Reliance Industries and many Group B stocks figure in the list. The advance-decline ratio remained strong as more than two shares gained for every declining share on the BSE. Strong buying interest as well as a bit of short-covering in beaten-down stocks play a key role.