Turnover remained healthy at Rs 66,792 crore on Wednesday. The Nifty futures closed weak at 5263.95 but its premium widened with respect to the spot close, which closed at 5249.1. The Nifty futures, however, shed open position.

Among the options, 5300 call added 14 per cent while 5200 put added 26 per cent or 12.65 per cent. This indicates that Nifty could face strong support at 5200.

Stock futures...

Located on the premium Golf Course road extension in Gurgaon, Pioneer Park is a few kilometres from Indira Gandhi Inter national Airport. It is well connected by roads, including two new multi-lane sector roads, which provide direct access to the site from New Delhi and central Gurgaon. There is also a proposed Metro line at the entry point of the Pioneer Park.

Pioneer Park has been designed by world-renowned architects SOM Skidmore, Owings and Merrill LLP of San Francisco and SWA Canada.

Guided by a vision to provide a sustainable framework for the establishment of a vibrant mixed use community in Gurgaon, the master plan of Pioneer Park provides a comprehensive planning and design strategy that will guide future development and establish Pioneer Park as a truly unique place to live, work, and play....

State Bank of India SBI touched an intraday high of Rs 2,118.55 and an intraday low of Rs 2,095. At 12:11 hrs the share was quoting at Rs 2,114.25, up Rs 19.80, or 0.95%.

The bank has extended 8% Special Home Loan scheme till April 30. It discontinued its Easy Home Loan for below Rs 50 lakh. The bank will take final call on interest rates post RBI April policy, quoting Sources, reports CNBC-TV18.

It was trading with volumes of 95,986 shares. Yesterday the share closed up 1.05% or Rs 21.70 at Rs 2,094.45....

DLF, the largest real estate developer in the country by market capitalisation, is looking to launch two housing projects in Mumbai at a price range of between Rs 15,000 and 25,000 per square feet as it expects the residential segment in the region to outpace the retail and commercial markets.

The company will launch a 2 million sq ft development as a slum rehabilitation project. It will be a joint venture project with Ackruti City and Shapoorji Pallonji, and is expected to be launched in another 1.5 years after rehabilitation work is completed.

This JV project will be a luxury one, priced at about Rs 25,000 per sq ft. The second project would be at Lower Parel where the company was earlier planning to build a retail mall. But now with falling demand in the retail and commercial market, the New Delhi-based developer is looking at mixed land use development....

Real Estate developer Omaxe on Wednesday said it is planning to raise Rs 800 crore through private placement of shares and stake sale at projects level, mainly to repay part of its debt. “We intend to raise Rs 800 crore next fiscal mainly to retire part of our debt, which stands at Rs 1,650 crore,” Omaxe Chairman Rohtas Goel said.

He said the funds would be raised through Qualified Institutional Placement QIP or a combination of QIP and private equity at projects level. Goel said the company would launch QIP when the market condition is conducive.

“The size of the issue has not been decided yet and would depend on the market condition at that point in time,” he added. Asked about the stake the company would dilute to raise funds through QIP, he said equity dilution could be about 20 per cent. At present, promoters have 90 per cent stake in the company....