Nifty Realty

Media reports suggested that stamp duty may be increased by 1% in Maharashtra along with a hike in ready reckoner rates.

The technical analyst expects the Nifty auto index to shortly see a rebound, while the metal index could underperform

According to the technical analyst, charts suggest bullish trend for Nifty Pharma, Nifty Realty, and Nifty Media indices

Traders must adopt a bullish stance on the market as the Nifty 50 index closed above 17,870, indicating that bulls are likely to be stronger than bears in the near-term, says Ravi Nathani

According to the technical analyst, the Nifty Realty, Pharma and Media index and its constituents can be accumulated once the corrective move is over.

As per the technical analyst, the best trading strategy for traders would be to buy Nifty IT either at the current market price or at dips, with a target of 31,500

CLOSING BELL: The central bank increased repo rate by 35 basis points and lowered GDP growth forecast for FY23 to 6.8 per cent as it remained cautious of a sticky core inflation amid global turmoil

Target prices suggest further upside for the stock

Realty stocks are showing strong upside momentum

Pick-up in demand and supportive measures from the government have aided in revival of sentiments for the sector.

At 12:26 pm, the Nifty Realty index was up 2.9 per cent as compared to a 0.38 per cent rise in the Nifty 50 index.

Realty stocks are trading mixed at the bourses on Thursday. While Unitech, HDIL, NBCC and DLF lost ground, Indiabulls Real Esate, Brigade Enterprises, Ansal Properties and Oberoi Realty gained ground

The real estate sector has been struggling for the last three years and has not revived since demonetisation and the introduction of good and services tax (GST).

HDIL gained 10 per cent while Indiabulls Real Estate climbed 5.60 per cent. DLF and Godrej Properties soared around over 4.50 per cent each.