The implementation of the Real Estate Regulation Act (RERA), which will come into effect sometime in mid-2017, can dent the profitability of realty firms.
The Sensex dropped 1% last week--its biggest in a month even as the Fed went ahead to raise a key policy rate by 25 basis points.
Shares of Tata Steel, JSW Steel and Hindalco dropped earlier in the trading session on Thursday but recouped a portion of their losses later in the day.
The report also said that fixed deposits regained their position as the country's most preferred financial asset this year.
The price of oil is currently 50% higher than at the same time last year.A rise in crude oil price is a concern for paint companies as they constitute 40-50% of the raw material costs.
“One may not see a significant correction in the market but the short term outlook is cautious given that even by January the cash crunch is not likely to go away," Reddy of Bajaj Allianz said.
Analysts said Sun TV shares had tripled during DMK's rule between 2006 and 2011. During AIADMK's rule since May 2011, the stock has risen by about Rs 100 from Rs 395 to Rs 493 cumulatively .
Idea Cellular fell 5.9%, Bharti Airtel fell 1.66% and Anil Ambaniowned Reliance Communications fell 5.05% on Thursday.
PSBs had rallied since cash ban as the govt's move would have resulted in higher deposits and improvement in current account and savings account ratio.
The stock has been under pressure after the company missed earnings estimates and on worries over the depreciation of pound after Brexit.
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