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Delhi-NCR sees 24% rise in housing prices

2 days 14 hours ago
Delhi-NCR's primary housing market saw an average increase of 24 per cent annually during the July-September period due to better demand, especially for luxury homes, according to Anarock.Real estate consultant Anarock data showed that the average price of residential properties across Delhi-NCR at Rs 8,900 per sq ft during July-September from Rs 7,200 per square foot in the year-ago period.Gurugram, Noida, Greater Noida, Delhi, and Ghaziabad are major markets in Delhi-NCR.Overall, across seven major cities of India, the consultant mentioned that the housing prices rose 9 per cent to Rs 9,105 per sq ft from Rs 8,390 per sq ft.Among seven cities, Delhi-NCR saw the maximum rise of 24 per cent.Mumbai Metropolitan Region (MMR) remained the most expensive housing market.Housing prices in MMR rose 6 per cent to Rs 17,230 per sq ft from Rs 16,300 per sq ft.124285159In Bengaluru, the prices appreciated by 10 per cent to Rs 8,870 per square foot from Rs 8,100 per square foot.The prices of residential properties in Pune increased 4 per cent to Rs 7,935 per square foot from Rs 7,600 per square foot.In Hyderabad, the prices rose 8 per cent to Rs 7,750 per square foot from Rs 7,150 per sq ft.The average housing prices in Chennai increased 5 per cent to Rs 7,010 per square foot from Rs 6,680 per sq ft.Housing prices in Kolkata rose 6 per cent to Rs 6,060 per sq ft during July-September from Rs 5,700 per sq ft in the corresponding period of the preceding year.Gaurs CMD Manoj Gaur, said, "The 24 per cent surge in NCR's housing prices marks a structural realignment in end-users' behaviour. We are seeing homebuyers prioritising ownership in well-planned, lifestyle-led cities, seeking residences that reflect both aspiration and stability".Ashok Kapur, Chairman of Krisumi Corporation, said the noticeable surge in housing prices in Delhi-NCR clearly underlines the sustained demand for quality homes across segments."Despite economic fluctuations and evolving buyer preferences, real estate continues to demonstrate resilience and long-term growth potential. Homebuyers today are not merely investing in property; they are seeking better lifestyles, modern amenities, and value-driven living spaces," Kapur said.124090843Realty firm BPTP Ltd CEO Manik Malik said the surge in demand for luxury homes in Delhi-NCR is a testament to rising affluence and global aspirations.He said the improvement in infrastructure has also fuelled both demand and prices of residential properties in the Delhi-NCR market.Ashish Jerath, President, Sales & Marketing of Smartworld Developers, said, "While Gurugram is a mature market where price increases have been supported by new infrastructure developments like the Dwarka Expressway and the opening of UER 2, Noida is rapidly developing as a luxury-focused market, with new launches benefiting from the upcoming international airport and superior infrastructure".These trends are reflected in the increasing average sale prices in both key NCR markets, he added.Gurugram-based real estate brokerage firm VS Realtors (I) Pvt Ltd founder and CEO Vijay Harsh Jha said the rate of price growth going forward could see some moderation in view of the decline in sales and launches.As per the Anarock data, the housing prices across these seven cities grew by 1-3 per cent during the July-September period compared to the preceding April-June quarter, reflecting moderation in the price rise after a steep increase post COVID pandemic.

Ahead of Market: 10 things that will decide stock market action on Monday

2 days 14 hours ago
India’s benchmark indices ended higher on Friday, marking a second straight day of gains as investors remained upbeat on banks, consumer, and metal stocks, even though trade stayed largely rangebound. The Nifty closed at 24,894.25, up 57.95 points or 0.23%, while the Sensex advanced 223.86 points or 0.28% to settle at 81,207.17. Meanwhile, the volatility gauge India VIX slipped 1.6%, signaling stable sentiment through the session.Here's how analysts read the market pulse:Commenting on the day's action Nilesh Jain, Head – Technical and Derivatives Research Analyst at Centrum Broking said Nifty has crossed above its key 50-DMA at 24,830 and forming a bullish candle on the daily chart, having extended its pullback for the second straight session.“After last week’s steep decline, the index displayed signs of recovery by closing above the 24,800 mark. Looking ahead, a gradual move towards 25,200 seems probable, and a decisive breakout beyond this level could open the path for an extended rally towards 25,500. The RSI has bounced back from oversold levels, pointing to a revival in short-term momentum,” Jain said.With key technical indicators turning supportive, the uptrend is likely to continue in his view.“As long as Nifty holds above 24,600, a buy-on-dips strategy remains favorable. Additionally, India VIX posted a sharp 10% drop this week to close below 10.50, signaling lower volatility and further boosting bullish sentiment," the Centrum Broking analyst said.US marketsEuropean MarketsTech ViewDecoding the charts Hrishikesh Yedve, AVP Technical and Derivative Research at Asit C. Mehta Investment Interrmediates said Nifty has recovered from the 100-DEMA, and eventually settled on a positive note at 24,894. “On the daily chart, Nifty formed a bullish candle near the 100-DEMA (24,747), signalling strength, while on the weekly chart index formed an insider bar candlestick pattern. However, the index is still trading below the 21-DEMA hurdle placed around 24,915. A sustained breakout above 24,915 could trigger fresh momentum towards 25,020 and 25,120, which correspond to the 50% and 61.8% Fibonacci retracement levels of the decline from 25,449 to 24,588.Most active stocks in terms of turnoverTata Investment (Rs 671 crore), Netweb Technologies (Rs 317 crore), Kotak Mahindra Bank (Rs 151 crore), Tata Motors (Rs 140 crore), Adani Power (L&T, Rs 140 crore), Reliance Industries (RIL, Rs 118 crore), and ICICI Bank (Rs 97 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.Most active stocks in volume termsVodafone Idea (Traded shares: 7.03 crore), PC Jeweller (Traded shares: 70.44 lakh), Yes Bank (Traded shares: 1.26 crore), Adani Power (Traded shares: 95.43 lakh), Suzlon (Traded shares: 88.95 lakh), SpiceJet (Traded shares: 55.91 lakh) and Sandur Manganese Iron Ores (Traded shares: 53.09 lakh crore) were among the most actively traded stocks in volume terms on BSE.Stocks showing buying interestAtlantaa, V-Mart Retail, Orient Technologies, V2 Retail, P N Gadgil Jewellers, The Orissa Minerals Development Company, AAA Technologies and KIOCL were among the stocks that witnessed strong buying interest from market participants.Also Read: Gainers & Losers: Tata Investment among 8 stocks that hogged limelight on Friday52 Week highOver 190 stocks hit their 52 week highs today while 83 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included Aarey Drugs & Pharmaceuticals, Aayush Art And Bullion, Aditya Birla Capital, ABM Knowledgeware, AGI Infra, Avishkar Infra Realty, Alan Scott Enterprises, Avantel, Fortis Healthcare and Hindalco Industries.Stocks seeing selling pressureAmong the large cap names were Max Healthcare, Tech Mahindra and Eicher Motors. Other stocks which witnessed significant selling pressure were Baazar Style Retail, Sigma Solve, The Grob Tea Company, Jain Resource Recycling, Tata Investment Corporation, Blue Coast Hotels, Unimech Aerospace and Manufacturing and Sejal Glass.Sentiment meter favours bullsAction in banking heavyweights like Bharti Airtel, Larsen & Toubro (LT) and Axis Bank lifted the markets the most, ensuring a positive closing. The breadth also stayed positive in broader markets. Out of the 4,339 stocks that traded on the BSE on October 3, Friday, 2,636 stocks witnessed advances, 1,568 saw declines while 135 stocks remained unchanged.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

CEC says post-election SIR 'not justified'

2 days 14 hours ago
Chief Election Commissioner (CEC) Gyanesh Kumar on Sunday said that conducting a Special Intensive Revision (SIR) in a state after elections is “not justified,” while addressing the controversy around voter roll revision in Bihar ahead of Assembly polls. Speaking at a press conference, Kumar said, “Special Intensive Revision (SIR) began on June 24, 2025 and ended before the deadline that was set for it. For the mental motivation of the BLO workers who worked tirelessly, remuneration was provided for them.” The CEC, who along with his team is in Bihar to review poll preparedness from October 4-5, provided further details on the state’s electoral preparations. “There are 243 general constituencies in Bihar – 2 for STs and 38 for SCs. The term of the Bihar Legislative Assembly ends on November 22, 2025, and the elections will be held before November 22,” he said.Kumar, highlighting efforts to streamline the voting process, added, “For the first time, Booth Level Officers (BLOs) have been trained for elections in Bihar.” He also noted, “Voter cards were made available within 15 days, as previously there were complaints of delay in issuance.” Kumar urged citizens to view the upcoming elections as a celebration of democracy. “I would like to request the citizens of Bihar to celebrate this ‘mahaparv’, this occasion that is the celebration of democracy much alike festivals like Chhath,” he said. On procedural aspects, the CEC clarified, “Elections in India are conducted in line with rules, regulations, and necessary protocol. If a citizen's name doesn't appear in voter list, or if a wrong name appears in the list; the case can be appealed with the District Magistrate.” He also broke down the election process, saying, “Indian elections are divided into two parts: First, the compilation of the voter list. Second: the process of polling and conducting elections.”

Flipkart to offload entire stake in Aditya Birla Lifestyle via Rs 950 crore block deal: Report

2 days 15 hours ago
Flipkart Investments is set to exit its entire 6% stake in Aditya Birla Lifestyle Brands Ltd (ABLB) through block deals worth around Rs 950 crore, according to a CNBC Awaaz report. The sale will involve 7.3 crore shares at a base price of Rs 130 per share.The move marks one of the larger exits by a private investor from a domestic retail company this year. Multiple institutional investors are expected to participate in the block deal, indicating continued interest in India’s premium lifestyle and apparel space despite recent volatility.ABLB, part of the Aditya Birla Group, operates under the umbrella of Aditya Birla Fashion and Retail Ltd (ABFRL) — one of India’s largest branded apparel and lifestyle conglomerates.The company houses several marquee labels such as Louis Philippe, Van Heusen, Allen Solly, and Peter England, and has in recent years expanded aggressively into new categories like ethnic wear, activewear, and international luxury brands.Aditya Birla Lifestyle Brands serves as the group’s vehicle for building premium and luxury fashion offerings, including partnerships with international labels such as Reebok, Ralph Lauren, Hackett London, and Ted Baker.The company has also ventured into new-age retail formats and omni-channel distribution, targeting aspirational urban consumers.The sale by Flipkart Investments comes at a time when the Aditya Birla Group has been consolidating its fashion and lifestyle businesses.Shares of Aditya Birla Lifestyle were last seen hovering near Rs 136 on the BSE.

Crucial week for traders: Oct 6, 7 & 9 seen as high-volatility days, Harshubh Shah

2 days 15 hours ago
After slipping more than 2% in the previous week, Indian equity markets staged a smart recovery, with the Nifty50 gaining about 1% for the week ended October 3, 2025.The rebound was driven by improved sentiment following the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting, where the central bank decided to maintain status quo on key policy rates.The MPC kept the repo rate unchanged at 5.5% for the second consecutive meeting, reiterating its focus on supporting growth while keeping inflation within target.The decision, coupled with a neutral tone from the RBI, boosted market confidence and helped offset some of the recent weakness.As the Q2FY26 earnings season kicks off, investors are expected to closely track corporate results for cues on the sustainability of earnings growth.Last week’s time clusters played out accurately, helping traders capture both intraday highs and lows effectively.Key Time Clusters for the Week (Oct 6 – 10, 2025)Monday, Oct 6: 9:20 am – 11 am; 12:10 pmTuesday, Oct 7: 9:20 am – 11:45 am; 12:20 pm; 1:15 pmWednesday, Oct 8: 10:15 am – 11:15 am; 1 pm; 2:45 pmThursday, Oct 9: 10:15 am – 11:10 am; 12:40 pm; 2:05 pmFriday, Oct 10: 11:15 am – 12:20 pm; 1 pm; 2:25 pmNifty Spot Levels to WatchResistance: 24,978; 25,001; 25,035; 25,082; 25,145; 25,322; 25,434Support: 24,850; 24,805; 24,688; 24,647; 24,538; 24,458; 24,382; 24,142Trading OutlookOctober 6 & 7 are key dates to watch for potential momentum in the market.October 9 is projected as a highly significant day, likely to witness sharp movements.Traders are advised to monitor intraday price action closely around these dates while keeping an eye on the stated support and resistance levels.With global cues stable and domestic earnings set to take center stage, short-term volatility is likely, but analysts remain optimistic that the broader trend could stay constructive as long as Nifty holds above key support zones.(The author, Harshubh Mahesh Shah, is Director at Wealthview Analytics Pvt Ltd. SEBI Registration – INH000009676.)(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times.)

Bitcoin rides ETF inflows to hit record high of $125,000

2 days 17 hours ago
World's largest cryptocurrency by market value, Bitcoin, surged to an all-month high of $125,000 on Sunday, riding on continuous inflows into the ETFs amid the official US government shutdown. It was last up by around 2.68% at $125,245. According to data from CoinMarketCap, other coins Ethereum went down 0.44% to $4,563. XRP, BNB, Solana, Tron, Dogecoin, Hyper Liquid, and Cardano were also trading with cuts in the latest hour. Analysts said this strong rally reflects growing investor appetite for hedge assets such as Bitcoin and gold amid heightened macroeconomic uncertainty. Meanwhile, the US dollar is on the slide, posting multi-week losses against major currencies, as uncertainty surrounding a US government shutdown clouded the outlook and delayed key data releases, such as payrolls, critical for gauging the economy's direction. Outlook Citigroup recently raised its year-end price target for Ether to $4,500 from $4,300, citing strong flows from ETFs and digital asset treasuries. The brokerage trimmed its Bitcoin forecast to $133,000 from $135,000, pointing to offsetting macro factors, including a stronger dollar and weaker gold prices. Citi sees continued upside next year, with a 12-month target of $5,440 for Ether and $181,000 for Bitcoin. The foreign brokerage's base case assumes robust year-end flows of $7.5 billion into Bitcoin, with a bull case predicated on stronger equity markets and higher demand. For Ether, the upside is driven by increased adoption and potential yield generation via staking and decentralised finance platforms. Bear case for Bitcoin sees prices falling to $83,000 if recessionary macro conditions materialise, while Ether's downside is harder to model due to uncertainty around network activity and value accrual, the brokerage noted. "While Bitcoin continues to trade above adoption model estimates, its digital gold narrative remains intact and is likely to attract a larger share of incremental flows," the brokerage said. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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