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The Nifty Realty index was trading 0.78 per cent down at 442.7.

A total of 532,955 shares changed hands on the counter till 10:26AM (IST)

Corporate decision-making would benefit from interest rate stability. I think markets are rising as a result of fair valuations and rising corporate profits.

Investors are advised to consider riding the trend in the capital goods space, says Dipan Mehta, Director, Elixir Equities. He cites a good order inflow and favourable margin management making the sector attractive. Within the pharma sector, Mehta suggests investors examine companies with a strong domestic presence and one with large revenues earned through sales within India.

There is a lot of positive news flowing around our economy, while the economic indicators are also reflecting strength. The valuations in the broader markets are also comfortable.

We were bidding for larger value orders. During the last 2 years we secured the order from Ministry of External Affairs (MEA) for dredging at Sittwe Port, Myanmar for an amount of Rs. 117 Cr and Rock Dredging at Mangrol Fishing Harbour from Dredging Corporation of India at an order value of Rs. 67 Cr.

The Indian markets closed in the negative zone on Wednesday in line with weak international cues. The S&P BSE Sensex ended the day down by more than 100 points, while Nifty50 maintained the level of 18,000 points. The telecom, IT, oil & gas, and energy sectors saw selling, while FMCG, realty, and consumer durable shares witnessed buying. Apar Industries and BHEL both closed out with more than 4% gains, and Interglobe Aviation was up by more than 6%.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Titan has posted a standalone net profit of Rs 734 crore for the quarter ended March, up 49% over previous year period. Revenue from operations surged 33% to Rs 9,704 crore.

The Fed on Wednesday raised its benchmark overnight interest rate by a quarter of a percentage point, as expected, but in doing so dropped from its policy statement language that it "anticipates" further rate increases would be needed.