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Market Now: Realty stocks rise ahead of RBI policy review

The Nifty Realty index was trading 2.06 per cent up at 300 around 10:10 am (IST) with all components in the green.

ETMarkets.com|
Updated: Apr 05, 2018, 10.17 AM IST
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Market Now: Realty stocks rise ahead of RBI policy review
Equity benchmarks were trading up amid positive global cues.
NEW DELHI: Realty stocks were trading in the positive territory during early session of trade on Thursday ahead of RBI monetary policy review meet that concludes today.

Market participants are expecting a status quo from the central bank considering an ebb in inflation rates.

The Nifty Realty index was trading 2.06 per cent up at 300 around 10:10 am (IST) with all components in the green.

Shares of Prestige Estates Projects (up 3.22 per cent), Sobha (up 3.14 per cent), DLF (up 2.47 per cent), Indiabulls Real Estate (up 2.35 per cent) and Oberoi Realty (up 2.11 per cent) were the top gainers among the realty stocks.

Stocks such as Brigade Enterprises (up 1.55 per cent), Housing Development & Infrastructure (up 1.23 per cent), Phoenix Mills (up 1.13 per cent), Godrej Properties (up 0.96 per cent) and Unitech (up 0.74 per cent) were also trading with gains.

Equity benchmarks were trading up amid positive global cues.

RBI's decision to ease provisioning norms for banks amid ebbing of trade war concerns and positive trading in Asian markets gave a fillip to the domestic equity market.

The NSE Nifty50 index was up 127 points at 10,255, while the BSE Sensex was up 389 points at 33,408.

Among the 50 stocks in Nifty the index, 47 were trading in the green, while 3 stocks -- Bharti Infratel, ITC and Bharti Airtel -- were in the red.

Shares of Hindalco surged up to 5 per cent in the Nifty index.

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