Sensex Trades Marginally Higher; Vedanta & Bharti Airtel Top Gainers

Share markets in India are presently trading marginally higher. Barring IT sector, all sectoral indices are trading in green with stocks in the realty sector and telecom sector witnessing maximum buying interest.

The BSE Sensex is trading up by 136 points (up 0.4%), while the NSE Nifty is trading up by 37 points (up 0.3%). The BSE Mid Cap index is trading up by 0.9% while the BSE Small Cap index is trading up by 0.6%.

The rupee is trading at Rs 71.59 against the US$.

Realty stocks are trading higher today led by Prestige Estates share priceDLF share price, and Sunteck Realty share price.

Speaking of realty stocks, note that The BSE Realty index has been volatile in the last five years.

Have a look at the chart below to see the performance:

Volatile Performance of BSE Realty Index in the Last Five Years

Here's what Sarvajeet Bodas wrote about it in one of the recent editions of The 5 Minute WrapUp...

  • In 2017, the BSE Realty index was the best performer with a massive gain of 98%. In the next year, the index was the worst performer with a decline of 31%.

    In 2018, the realty sector took a beating on the back of concerns of higher interest rates and accounting changes (from percentage of completion method to completion method). The NBFC crisis added to the woes.

    Interestingly, 2018 also witnessed some improvement in real estate sales.

    2019 hasn't been good so far with the index down about 3%.

    However, the recent budgetary support and interest rate reduction by the RBI could help to revive demand.

    Buying the right real estate stock today is the way to go.

He believes this could be the turning point for the real estate sector.

In the news from the FMCG sectorEmami share price is witnessing buying interest today on reports that the promoters of the company divested 10% stake for Rs 16 billion to reduce debt.

1 2 3
View single page >> |
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.