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Sensex skyrocketed over 1,000 points to hit an all-time high of 59,957 before closing at 59,885, surging 958 points
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Indian real estate market is regaining the confidence of the global institutional investors.
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The scrip hit a 52-week high of Rs 170 apiece in today's session. It has risen 55.25% from its 52-week low of Rs 109.50 hit on 15 October 2020.
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Markets have a tendency to surprise investors and analysts alike. After a minor consolidation, we are again at record levels.
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Consolidated net debt of top 10 listed developers in India (ex-REITs) has come down by 37% to Rs 27,400 crore between Mar 2020 to Jun 2021
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According to JM Financial Chalet’s aggressive cost-saving measures during the lean period helped contain losses.
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Earlier, the board of Oravel Stays had approved an increase in the authorised share capital of the company from Rs 1.17 crore to Rs 901 crore.
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Godrej Properties jumped 8.13% to Rs 2,108.65, extending its winning run to the fourth consecutive trading session.
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"The underlying bull trend of the markets looks promising and the Nifty my soon now climb to 18,000"
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All sectoral indices opened in the green on the NSE with the Nifty Metal index was shining brightly as it rallied 1.48% in early trades.