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Real estate stocks tumbled on Tuesday as sharp IT selloff renewed worries about commercial property demand and urban housing appetite. The Nifty Realty index dropped 3%, with Prestige Estates, Lodha, Signatureglobal and Godrej Properties among the biggest losers, reflecting the sector’s broader underperformance in 2026.
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Zinc prices climbed 2% to Rs 332 on Multi Commodity Exchange of India Limited, supported by favourable global cues and tight supply-demand dynamics. Analyst Ajit Mishra expects momentum to resume after Chinese markets reopen, with technical indicators signalling continued strength above key support levels and buy-on-dips opportunities.
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The Nifty IT index has crashed over 21% in February—its worst monthly drop since 2008—as fears of AI-driven disruption roil tech stocks. Heavyweights like Infosys, HCLTech and TCS tumbled sharply, pushing valuations to multi-year lows. Experts warn that despite cheap valuations, uncertainty around long-term growth calls for caution.
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Sify Infinit’s offering will comprise a fresh issue of shares worth 25 billion rupees and a secondary sale of about 12 billion rupees, according to its draft prospectus.
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IDFC First Bank shares saw a brief surge then settled flat. This followed Haryana Chief Minister Nayab Singh Saini’s statement on recovering the full Rs 590 crore from a fraud case. The bank had previously reported fraudulent activity by employees at a Chandigarh branch. Investigations are ongoing, with a forensic audit appointed.
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