Money on the markets

A maturing market amid the mayhem

Realty shines

August 28, 2009

INDIA-ECONOMY/

The BSE real estate index jumped 3.8 percent on Friday and emerged as the best sectoral performer of the day as shares of top realty firms rose.

Unitech gained 5.7 percent to end at 99.1 rupees and was the most traded counter on the BSE with volumes of over 31 million shares.

Rival DLF rose 5.3 percent to 413.1 rupees, but Omaxe led the index with gains of over 9 percent.

DLF shares have gained over 30 percent and Unitech, 25 percent since July, compared to the 33 percent rise in the realty index.

Would you invest in this sector now?

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