Nifty Realty index gains 3%; DLF, Prestige Estates, Lodha surge up to 5%
In past 2 days, DLF surged 9 per cent after the company said it has sold 1,137 luxury apartments, priced Rs 7 crore and above, in its housing project in Gurugram for over Rs 8,000 crore within 3 days.
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Investors are likely to remain positive after
Shares of real estate companies were in focus on Friday with the Nifty Realty index gaining 3 per cent backed by a strong rally in frontline stocks on expectation that the Federal Reserve will pause rate hikes.
DLF, Prestige Estates Projects, Macrotech Developers (Lodha) and Sobha rallied between 4 per cent and 5 per cent on the National Stock Exchange (NSE). At 02:34 PM; Nifty Realty index was the top gainer among sectoral indices, up 3 per cent, as compared to 0.52 per cent gain on the Nifty 50.
Investors are likely to remain positive after a consortium of US private banks announced a rescue package for First Republic Bank and on hopes the Fed will continue slowing the pace of interest rate hikes after ECB hiked interest rates by 50 bps on expected lines.
Among the individual stocks, DLF has surged 5 per cent to Rs 377.50, soaring 9 per cent in past two trading days after the company on Thursday said it has sold 1,137 luxury apartments, priced Rs 7 crore and above, in its housing project in Gurugram for over Rs 8,000 crore within 3 days, reflecting a strong demand for premium flats across major cities.
7:56 PM
soaring 9 per cent in past two trading days after the company
soaring 9 per cent in past two trading days after the companysoaring 9 per cent in past two trading days after the companysoaring 9 per cent in past two trading days after the companysoaring 9 per cent in past two trading days after the companysoaring 9 per cent in past two trading days after the companysoaring 9 per cent in past two trading days after the company
7:56 PM
Sobha rallied between 4 per cent and 5 per cent on the National Stock Exchange
Sobha rallied between 4 per cent and 5 per cent on the National Stock ExchangeSobha rallied between 4 per cent and 5 per cent on the National Stock ExchangeSobha rallied between 4 per cent and 5 per cent on the National Stock ExchangeSobha rallied between 4 per cent and 5 per cent on the National Stock Exchange
7:55 PM
Private banks announced a rescue package for First Republic Bank
Private banks announced a rescue package for First Republic BankPrivate banks announced a rescue package for First Republic BankPrivate banks announced a rescue package for First Republic BankPrivate banks announced a rescue package for First Republic BankPrivate banks announced a rescue package for First Republic Bank
7:55 PM
Investors are likely to remain positive after a consortium of US
Among the individual stocks, DLF has surged 5 per cent to Rs 377.50, soaring 9 per cent in past two trading days after the company on Thursday said it has sold 1,137 luxury apartments, priced Rs 7 crore and above, in its housing project in Gurugram for over Rs 8,000 crore within 3 days, reflecting a strong demand for premium flats across major cities.
7:54 PM
DLF, Prestige Estates Projects, Macrotech Developers (Lodha)
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Among the individual stocks, DLF has surged 5 per cent to Rs 377.50, soaring 9 per cent in past two trading days after the company on Thursday said it has sold 1,137 luxury apartments, priced Rs 7 crore and above, in its housing project in Gurugram for over Rs 8,000 crore within 3 days, reflecting a strong demand for premium flats across major cities.
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7:53 PM
The project’s performance should be seen in the context
Shares of real estate companies were in focus on Friday with the Nifty Realty index gaining 3 per cent backed by a strong rally in frontline stocks on expectation that the Federal Reserve will pause rate hikes.Shares of real estate companies were in focus on Friday with the Nifty Realty index gaining 3 per cent backed by a strong rally in frontline stocks on expectation that the Federal Reserve will pause rate hikes.
Topics : Market trends Buzzing stocks
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First Published: Mar 17 2023 | 7:56 PM IST
