After opening their day on a flat note, Indian share markets witnessed volatile trading activity throughout the day and ended their session marginally higher. Gains were largely seen in the metal sector and IT sector, while oil & gas stocks and banking stocks ended the day lower.
At the closing bell, the BSE Sensex stood higher by 60 points (up 0.2%) and the NSE Nifty closed higher by 15 points (up 0.1%). The BSE Mid Cap index ended the day down by 0.2%, while the BSE Small Cap index ended the day up by 0.2%.
The rupee was trading at 65.20 to the US$ at the time of writing.
In the news from realty space, data from ANAROCK Property Consultants showed that residential sales across top seven cities during the quarter ended March rose 10% from a year ago to 49,200 units.
As per the data, Hyderabad and Bengaluru led the resurgence in sales with 46% and 35% growth during the quarter. The Delhi NCR witnessed 25% growth, while Mumbai Metropolitan Region (MMR), Pune and Chennai saw 5%, 11%, and 15% decline, respectively.
The data suggested that home buyers have started showing interest in returning to the real estate market with increasing transparency, accountability and financial discipline in place.
In the news from banking sector, as per a leading financial daily, the finance ministry is soon expected to take stock from public sector banks on fraud in cases of bad loans and the measures taken to prevent them.
As per the news, there will also be a meeting convened to check progress of the public-sector banks on implementing measures such as setting up of stressed asset verticals and coordination on large value loans.