Latest Stock Market News

Domestic institutions, including mutual funds and insurers, bought equities of over $4 billion in the three sessions, according to data compiled by Bloomberg.

The Nifty Realty index closed 0.96 per cent up at 1029.95.

The Relative Strength Index of the stock stood at 41.18 on Tuesday.

​There has been over leveraging in the sector and also at the same time there have been tightening norms both by the RBI and the or the SROs.

A total of 21,991 shares changed hands on the counter till 02:04PM (IST)

Major cryptocurrencies including Bitcoin and Ethereum faced declines as investors booked profits following recent highs. Bitcoin traded at $62,264, down 2.1%, while Ethereum fell 2.5%. Market sentiment remains cautious with upcoming U.S. CPI and PPI data expected to increase volatility, and Bitcoin facing resistance at $64,000.

Hyundai Motor India is set to launch its IPO next week, with shares priced between 1,865 to 1,960 rupees each, aiming for a valuation of up to $19 billion. The $3 billion offering opens for institutional investors on Oct. 14 and for retail investors from Oct. 15-17. Trading is scheduled to commence in Mumbai on Oct. 22.

The stock traded at a P/E multiple of 87.26, while the price-to-book value ratio stood at 18.24.

Sobha shares fell by nearly 4% due to a 32% YoY decline in Q2 FY25 sales, totaling Rs 1,178.5 crore compared to Rs 1,723.8 crore in Q2 FY24. Bangalore and Kerala regions posted significant growth. Despite the dip, the stock has delivered over 150% returns in the past year.