Money on the markets

A maturing market amid the mayhem

Realty stocks shine as markets soar

December 8, 2009

Realty stocks posted smart gains on Tuesday with the realty index gaining 3.2 percent and ending as the top sectoral performer.

The Sensex ended nearly 250 points higher at 17,228.

Ansal Properties was the star performer among realty index stocks with a jump of over 12 percent, followed by Parsvnath which gained a bit over 7 percent.

Top counters like Unitech gained nearly 5 percent while DLF jumped around 3.5 percent.

Unitech was also the top gainer on the 50-share Nifty index.

Since November, the realty index has gained only 4 percent, far lower than the benchmark’s rise of 8.3 percent. Would you invest in this sector currently?

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