Money on the markets

A maturing market amid the mayhem

Realty stocks surge in weak market

January 8, 2010

Realty stocks closed the week on a positive note even as the market ended in the red. The BSE Realty Index gained over 3 percent in trade and was the top sectoral performer.

All shares in the index, except Phoenix Mills, ended positive with Peninsula Land gaining nearly 10 percent.

Top players DLF and Unitech ended 4.2 percent and 2.9 percent higher respectively.

The realty index has gained 5.6 percent so far in 2010, as against the Sensex’s rise of 0.4 percent.

Would you invest in these counters at this stage?

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