Market Commentary     04-Oct-24
Mid-Session
Sensex declines 150 pts; realty shares slide for 5th day
The domestic equity benchmarks traded with minor losses in morning trade, influenced by weak sentiment in global markets stemming from increasing concerns over the potential escalation of conflict between Israel and Iran. The Nifty traded near the 25,200 level. Realty shares extend losses for the fifth consecutive trading session.

At 10:30 ST, the barometer index, the S&P BSE Sensex, was down 149.88 points or 0.18% to 82,353.04. The Nifty 50 index fell 46.90 points or 0.19% to 25,203.20.

In the broader market, the S&P BSE Mid-Cap index fell 0.25% and the S&P BSE Small-Cap index shed 0.23%.

The market breadth was negative. On the BSE, 1,706 shares rose and 1,917 shares fell. A total of 167 shares were unchanged.

New Listing:

Shares of Diffusion Engineers were currently trading at Rs 197.35 at 10:15 IST on the BSE, representing a premium of 17.47% as compared with the issue price of Rs 168.

The scrip was listed at Rs 188, exhibiting a premium of 11.90% to the issue price.

So far, the stock has hit a high of 197.35 and a low of 188. On the BSE, over 1.34 lakh shares of the company were traded in the counter so far.

Buzzing Index:

The Nifty Realty index declined 2.05% to 1,027.50. The index slumped 9.17% in five consecutive trading sessions.

Macrotech Developers (down 2.8%), Godrej Properties (down 2.64%), Prestige Estates Projects (down 2.17%), DLF (down 1.97%), Phoenix Mills (down 1.89%), Raymond (down 0.94%), Oberoi Realty (down 0.65%), Sobha (down 0.51%) edged lower.

On the other hand, Mahindra Lifespace Developers (up 1.14%), Brigade Enterprises (up 0.38%) edged higher.

Stocks in Spotlight:

Angel One slipped 2.75%. The company said that its client base jumped 61% to 27.49 million in September 2024 as compared with 17.07 million in September 2023.

Shilpa Medicare added 2.43% after the pharma major informed that its 100% subsidiary, Shilpa Pharma Lifesciences received certificate of suitability (CEP) from EDQM (European Directorate for the Quality of Medicines & Healthcare) for API, Desmopressin.

Alembic Pharmaceuticals gained 1.28% after the company said that it has received final approval from the US Food & Drug Administration (US FDA) for its abbreviated new drug application (ANDA) Alcaftadine Ophthalmic Solution.

Previous News
  Angel One to conduct AGM
 ( Corporate News - 15-May-25   17:06 )
  Alembic Pharma rises on USFDA approval for Rivaroxaban Tablets
 ( Hot Pursuit - 15-May-25   16:36 )
  Alembic Pharmaceuticals receives USFDA approval for Rivaroxaban Tablets
 ( Corporate News - 15-May-25   14:14 )
  Shilpa Medicare gains after arm receives EIR from USFDA for unit-1 facility
 ( Hot Pursuit - 15-May-25   09:56 )
  Angel One to convene board meeting
 ( Corporate News - 13-May-25   16:59 )
  Angel One's client base jumps 37% YoY in April‘25
 ( Hot Pursuit - 07-May-25   10:16 )
  Angel One's client base growth to 31.48 million in April'25
 ( Corporate News - 07-May-25   09:16 )
  Alembic Pharmaceuticals consolidated net profit declines 11.96% in the March 2025 quarter
 ( Results - Announcements 06-May-25   17:23 )
  Alembic Pharma slips after Q4 PAT drops 12% YoY to Rs 157 cr
 ( Hot Pursuit - 06-May-25   15:26 )
  Board of Alembic Pharmaceuticals recommends final dividend
 ( Corporate News - 06-May-25   14:39 )
  Alembic Pharmaceuticals receives USFDA final approval for Ticagrelor Tablets
 ( Corporate News - 02-May-25   14:55 )
Other Stories
  Sensex falls over 216 pts; Nifty tad below 25,000 level; metal shares lose sheen
  16-May-25   14:34
  Barometers trade with small losses; Nifty below 25,050; India VIX slides 2.47%
  16-May-25   13:34
  Market trade lower; realty shares jump for 3rd day
  16-May-25   12:37
  Sensex slides 381 pts; Nifty below 25,000 level; pharma shares decline
  16-May-25   11:34
  Nifty below 25,050; IT shares decline
  16-May-25   10:34
  Indices edge lower in early trade; breadth strong
  16-May-25   09:34
  Sensex surges 1,356 pts; Nifty breaches 25K; auto shares gear up
  15-May-25   14:33
  Barometers pare losses; Nifty above 24,850; India VIX jumps 1.61%
  15-May-25   13:30
  Barometers trade in negative terrain; media shares rally for 7th day
  15-May-25   12:38
  Sensex slides 185 pts; PSU bank shares slides
  15-May-25   11:30
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