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Real estate index tops sectoral gainers

June 15, 2010

Tuesday turned out to be a good day for real estate counters, with the sectoral index rising 2.6 percent, and all but one component closing positive.

Shares in HDIL jumped nearly 5 percent to end as the top gainer in the index. Bigger players like DLF and Unitech rose nearly 3 percent each.

Shares in Parsvnath Developers, the only loser in the index, closed down 0.8 percent.

The sector is perceived to be sensitive to interest rate movements, and a deputy RBI governor today hinted that rates could be hiked.

Would you take a chance and invest in this sector now?

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