Share markets in India are presently trading on a positive note. Sectoral indices are trading mixed with stocks in the banking sector and telecom sector witnessing buying interest, while IT stocks and consumer durables stocks are witnessing selling pressure.

The BSE Sensex is trading up by 292 points while the NSE Nifty is trading up by 86 points. The BSE Mid Cap index is trading up by 0.7%, while the BSE Small Cap index is trading up by 0.3%.

The rupee is trading at 71.10 against the US$.

In news from the retail sector, Titan share price is in focus today. The stock of the company slipped up to 6% in early trade today after the Tata Group company said that its revenue from the jewelry business could decline for the first time in the past four years in the September quarter (Q2FY20).

The company had earlier posted a 32% YoY decline in the jewelry business revenues during September quarter of 2015.

In a quarterly update, Titan said "the company's jewelry division witnessed a sharp fall in sales after a sudden surge in gold prices dented the consumer demand from mid-June. The weakness continued during July too and resulted in considerable de-growth in sales during the month."

It added that retail sales grew by 7% in Q2FY20, but revenues as per financials declined 2% YoY due to adverse impact of the hedges matured during the quarter.

The company also announced that its Managing Director (MD) Bhaskar Bhat has retired after 33 years of service in the company. C.K. Venkataraman, who was the CEO of the jewelry business since 2005, will take over the role of MD.

Here's an interesting data on Titan, every Rs 100 invested in the company in 2002 would have multiplied 330 times by 2019!

Every Rs 100 Invested in Titan in 2002 Multiplied 330 Times by 2019

Co-head of Research, Tanushree Banerjee believes the opportunities in the Rebirth of India are not only more profitable than the ones in 2002 but the gains could come faster too.

She is on the hunt for the next set of Titan, HDFC Bank, Bajaj Finance, Asian Paints-like companies. These will be the companies that would catalyze the transformation she calls the Rebirth of India.

Moving on to news from the realty sector, Mahindra Lifespace Developers has launched its residential project, 'Vicino' at Andheri (East), Mumbai.

The project is registered with Maharashtra RERA. The company launched the project on October 06, 2019.

To know more, you can read the company's latest result analysis and the company's 2018-19 annual report analysis on our website.

Meanwhile, shares of Indiabulls Real Estate are locked in upper circuit ahead of a board meeting to consider share buyback plan.

The company informed exchanges that the meeting of the board of directors will be held on October 11 to consider the proposal of buyback of equity shares of the company.

Reports state that the reason behind this buyback could be to boost sentiment that has been hit badly for more than a year now. The stock of the company has lost half of its value in the last year.