Market Commentary - Mid-Session
Nifty below 24,850 mark, realty shares underpressure As on : 23-Aug-24  10:34

The equity benchmarks traded sideways in the morning trade. The Nifty traded below the 24,850 mark. Realty shares declined after advancing in the previous trading session.

At 10:30 ST, the barometer index, the S&P BSE Sensex, fell 8.22 points or 0.02% to 81,075.29. The Nifty 50 index rose 11.65 points or 0.05% to 24,822.20.

In the broader market, the S&P BSE Mid-Cap index shed 0.22% and the S&P BSE Small-Cap index gained 0.18%.

The market breadth was positive. On the BSE, 1,962 shares rose and 1,320 shares fell. A total of 102 shares were unchanged.

Buzzing Index:

The Nifty Realty index fell 0.63% to 1,036.90. The index advanced 0.47% in the past trading session.

Macrotech Developers (down 2.77%), Oberoi Realty (down 1.04%), Phoenix Mills (down 0.66%), Godrej Properties (down 0.58%), Mahindra Lifespace Developers (down 0.16%) and Prestige Estates Projects (down 0.09%) declined.

On the other hand, Sunteck Realty (up 1.46%), Brigade Enterprises (up 1.06%) and Sobha (up 0.58%) advanced.

Stocks in Spotlight:

JSW Energy rose 0.35%. The company said that its wholly owned subsidiary JSW Neo Energy has received letter of award (LoA) for setting up 300 MW ISTS-connected Wind-Solar Hybrid Power Project from NTPC.

Spandana Sphoorty Financial shed 0.10%. The company informed that a meeting of the management committee of the Board of Directors is scheduled to be held on 27 August 2024, to approve, the issue and offer of Non-Convertible Debentures on private placement basis.

Power Mech Projects rallied 3.33% after the company said that it will issue bonus share in the ration of 1:1. The record date is 28 September 2024.

Powered by Capital Market - Live News