The Indian stock market is showing mixed trends today, with the Nifty hovering around 24,700 and the Sensex slipping by 150 points. The BSE Midcap and Smallcap indices are trading flat, with significant activity in stocks like Ola Electric, BSE Limited, M&M, One Mobikwik, and Netweb Technologies. Sector-wise, FMCG and IT indices have seen a decline of around 1%, while auto and pharma indices have gained between 0.4-1%.
Nifty Realty Index Down 1.5%; Slips on Second Consecutive Session
The Nifty Realty index continues to face downward pressure for the second consecutive session, down by 1.5%. Some of the top losers in the sector include:
- Prestige Estate: Down 3.12% at ₹1,505.70
- Godrej Properties: Down 2.64% at ₹1,950.00
- Oberoi Realty: Down 2.53% at ₹1,619.90
Other major realty stocks like Sobha, Lodha Developers, and Phoenix Mills also saw losses of over 1%.
NTPC Discontinues Operations at Tanda Thermal Power Station
NTPC has permanently discontinued operations at the NTPC Tanda Thermal Power Station, Stage-I, effective September 1. The decision to shut down the four 110 MW units reduces the company’s total installed capacity to 82,926 MW. As a result, NTPC’s stock was down 0.79%, trading at ₹327.60.
Sectoral Performance
The broader market is mixed today:
- BSE Auto: Up by 1.11%
- BSE IT: Down by 1.32%
- BSE FMCG: Down by 1.29%
PNC Infratech Wins BSRDC Tender for High-Level Bridge Construction
PNC Infratech has emerged as the lowest bidder in a tender from the Bihar State Road Development Corporation (BSRDC) for the construction of a High Level Bridge and Approach Road on the Hathouri-Atrar-Bavangama-Aurai Road. The contract is valued at ₹495.54 crore, excluding GST.
Yasho Industries Signs Long-Term Supply Agreement
Yasho Industries has entered into a long-term supply agreement for lubricant additives with a leading multinational corporation (MNC) for 15 years. This deal is expected to generate ₹150 crore in annual revenue by FY27. The stock of Yasho Industries is currently down 0.40% at ₹1,857.10.
Market Outlook
Despite the pullback in the indices today, specific sectors like auto, healthcare, and pharma continue to show positive momentum. The ongoing consolidation in the IT and FMCG sectors suggests a cautious approach towards these segments for now.
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