Nifty trades below 22,700 level; realty shares decline for 3rd day

The key equity benchmarks continued to trade with significant losses in mid-afternoon trade, weighed down by elevated crude oil prices and persistent selling pressure. The broader market also witnessed sharp declines. The Nifty slipped below the 22,700 mark after hitting an intraday high of 23,120.

Realty shares extended their losing streak to a third consecutive trading session amid sustained selling pressure.

At 14:25 IST, the S&P BSE Sensex declined 584.96 points or 0.78% to 73,267.27. The Nifty 50 index lost 218.85 points or 0.96% to 22,670.

The broader market underperformed the frontline indices. The BSE150 MidCap Index declined 2.15% and the Nifty 250 SmallCap Index fell 2.55%.

The market breadth was weak. On the BSE, 838 shares rose and 3,543 shares fell. A total of 197 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 8.74% to 16.07.

Buzzing Index:

The Nifty Realty index declined 1.97% to 799.95. The index fell 3.47% in three consecutive trading sessions.

Brigade Enterprises (down 3.55%), Anant Raj (down 3.44%), Prestige Estates Projects (down 3.04%), Oberoi Realty (down 2.59%), Godrej Properties (down 2.41%), Aditya Birla Real Estate (down 2.29%), Sobha (down 2%), Lodha Developers (down 1.84%), DLF (down 1.61%) and Phoenix Mills (down 1.04%) declined.

Numbers to Track:

The yield on India's 10-year benchmark federal paper advanced 0.62% to 7.437 compared with the previous session close of 7.391.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.6300 compared with its close of 94.9125 during the previous trading session.

MCX Gold futures for 4 December 2026 settlement fell 0.36% to Rs 1,45,995.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.04% to 101.74.

The United States 10-year bond yield rose 0.04% to 5.121.

In the commodities market, Brent crude for December 2026 settlement jumped $1.37 or 1.26% to $110.16 a barrel.

Stocks in Spotlight:

Bharat Parenterals rose 0.92% after its subsidiary, Innoxel Lifesciences, commenced commercial supply to the US market with the launch of its first contract manufacturing (CMO) product on 20 October 2026.

India Cements jumped 9.56% after the company reported a 340.64% year-on-year (YoY) increase in standalone net profit to Rs 38.82 crore in Q2 FY27. Net sales rose 2.24% YoY and 12.03% QoQ to Rs 1,142.03 crore in Q2 FY27.

Powered by Capital Market - Live News