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Realty Shares Gain as Q4 Earnings Boost Outlook, Leading Sensex and Nifty to Reverse

Realty Shares Gain as Q4 Earnings Boost Outlook, Leading Sensex and Nifty to Reverse

 The Indian stock market closed with mixed results today, with the benchmark indices Sensex and Nifty ending the day on a cautious note ahead of the Q4 earnings season.

The Sensex closed 62.36 points or 0.12% higher at 52,114.98, while the Nifty ended 21.20 points or 0.13% lower at 15,603.05.

Realty shares were among the top gainers on the Sensex, with DLF rising by 2.3%, Godrej Properties by 1.8%, and Sobha by 1.2%.

The market sentiment was cautious ahead of the Q4 earnings season, with investors closely monitoring the performance of the companies in the wake of the Covid-19 pandemic.

"Market participants are closely watching the Q4 earnings season for cues on the impact of the pandemic on corporate earnings. The market sentiment is cautious as the economic recovery remains fragile and uncertain," said a market expert.

Meanwhile, concerns over a potential recession in the US also weighed on the market sentiment. The US economy has been showing signs of weakness in recent months, with rising inflation and supply chain disruptions affecting several sectors.

"Any signs of a US recession could have a significant impact on the global economy, including the Indian market. Market participants are closely monitoring the situation and taking a cautious approach," said the market expert.

The market is expected to remain volatile in the coming days, with investors closely watching the earnings season and global economic trends.

 

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