The BSE Realty Index gained 2.7 percent on Friday and ended as the top sectoral gainer, with stocks such as DLF and Unitech posting smart gains.
DLF, India’s top listed firm, ended 5.2 percent higher at 365.65 rupees, while Unitech gained 3.14 percent. Sobha Developers topped the index with gains of 6.5 percent.
Bank stocks corrected on Thursday and the banking index ended down 1.2 percent, as the overall market slipped on profit booking.
SBI and ICICI Bank closed down 0.2 percent and 2.3 percent respectively. HDFC Bank and mortgage lender Housing Development Finance lost 0.6 percent.
Shares in automobile companies rose on Wednesday on hopes of buoyant demand during the September-to-December festive season.
Top car maker Maruti Suzuki rose 3.6 percent after Bank of America-Merrill Lynch upgraded it to buy from underperform.
The BSE FMCG Index closed 3.5 percent higher on Monday and topped the list of sectoral gainers with stocks such as ITC and Colgate posting smart gains.
ITC touched an intra-day high of 5.9 percent, its highest level in at least 20 years, helped by robust domestic consumption. The share closed 4.9 percent up.
The BSE Realty Index gained 2.5 percent on Monday, with Unitech and DLF posting good gains in a broader market that closed over 400 points up on strong factory data and global cues.
Unitech was the top gainer in the index, rising 3.5 percent to 84.8 rupees, followed by DLF which gained 3.4 percent.
It was a good trading session for banking counters, with the BSE banking index gaining more than 2 percent and ending as the top sectoral gainer, as fund managers bet the sector would benefit from a booming domestic economy.
Shares in Bank of India gained 5.4 percent to end as the top Bankex gainer, followed by IDBI which gained 4.3 percent.
ACC shares clocked a second day of gains on Wednesday, closing 3 percent up to top the list of Sensex gainers.
On Tuesday, cement manufacturers had closed higher on hopes of better dispatches post monsoon and product price hikes in the near term, dealers had said.
The BSE Metals Index gained 3.4 percent and ended as the top sectoral gainer, with firm metal prices in Shanghai and London pushing the metal makers higher.
Hindalco shares gained 4.8 percent on its chairman’s Friday comments that the company planned to spend $2.1 billion in the current financial year.
Though these slabs will put some extra money in taxpayers’ pockets as compared to existing slabs, the original slabs proposed in the first draft of the direct tax code have been diluted.