Nifty Realty continues fall for seven consecutive sessions, down by 1.46%; IT too declines by 1.29%
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Indian real estate stocks remained under pressure today, with the sector extending losses for a seventh straight session. The Nifty Realty declined 1.46%.
Among individual stocks, DLF fell 0.78%, while Oberoi Realty slipped 1.06% and Godrej Properties dropped 1.29%. Brigade Enterprises declined 1.54%, Phoenix Mills lost 1.71%, and Anant Raj slid 1.82%.
Losses were deeper in select names, with Prestige Group falling 2.10%, Signature Global shedding 2.22%, and Macrotech Developers declining 2.34%. In contrast, Sobha bucked the broader trend and gained 0.93%.
IT stocks tumble
IT stocks also traded lower, with the Nifty IT declining 1.29% during the session. Among frontline names, HCLTech edged up 0.37%, bucking the broader trend, while Infosys slipped 0.61% and LTIMindtree declined 1.12%.
Further losses were seen in Wipro, which fell 1.44%, Coforge down 1.46 %, and Persistent Systems lower by 1.66%. Tech Mahindra declined 1.67%, while Oracle Financial Services Software shed 1.94%.
Losses were sharper in heavyweight stocks, with Tata Consultancy Services falling 2.48%, while Mphasis declined 3.14%, the steepest among the listed names.
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Tata Consultancy Services (TCS) on Monday had reported its financial results for the quarter ended December 2025. The information technology behemoth reported a 13.9% fall in its consolidated net profit attributable to shareholders at ₹10,657 crore in Q3 FY26, down from ₹12,380 crore in Q3 FY25. Revenue for the quarter rose 4.9% to ₹67,087 crore as against ₹63,973 crore reported during the year-ago period.
HCLTech too announced its Q3 results on Monday, posting an 11.2% year-on-year decline in consolidated net profit to ₹4,082 crore for the third quarter ended December 31, 2025, compared with ₹4,594 crore in the corresponding quarter of the previous fiscal year.
Despite the drop in profit, the company reported strong revenue growth. Consolidated revenue for the quarter rose 13.3% to ₹33,872 crore from ₹29,890 crore in Q3 FY25.
Infosys will announce their Q3 results for the FY2026 today.
Meanwhile, the Nifty50 index slipped further down to 25,651.30, declining by -0.31%, and the Sensex too declined by 140 points or 0.31% to 83,373.07. Kotak Mahindra Bank, TCS, Asian Paints, Sun Pharma and HUL were major losers, while Tata Steel, NTPC, ONGC, Axis Bank, Hindalco Industries emerged as top gainers.