INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Most realty stocks were trading in the positive terrain during morning trade on Wednesday ahead of RBI's policy meet
outcome.
The Nifty Realty index was trading 1.51 per cent up at 283 around 10:25 am
The central bank will announce its bimonthly monetary policy on Wednesday amid expanding economic growth and the recent increase in crude
oil prices.
Indiabulls Real Estate (up 5.17 per cent) was the top gainer in the realty index, followed by Brigade Enterprises (up 3.27 per
cent) and Phoenix Mills (up 2.92 per cent).
Godrej Properties (up 2.06 per cent), Oberoi Realty (up 1.56 per cent) and Housing Development
Infrastructure (HDIL) (up 0.23 per cent) were also in the green.
However, Unitech (down 1.22 per cent), Prestige Estates Projects (down 0.65
per cent) and Sobha (down 0.16 per cent) were under pressure around that time
Shares of DLF (down 0.03 per cent) were almost flat around that time
Benchmark NSE Nifty50 index was up 47 points at 10,640, while the BSE Sensex was up 151 points at 35,054.
Among the 50 stocks in the Nifty
index, 37 were trading in the green, while 13 were in the red
Indiabulls Housing Finance, Coal India, Sun Pharma, Bajaj Finance and Lupin were among the top gainers in the Nifty index.
However, Tech
Mahindra, Asian Paints, HPCL, Indian Oil Corporation and Zee Entertainment Enterprises were leading among Nifty losers.
