A maturing market amid the mayhem
Realty stocks gain in strong Mumbai market
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.
Other prominent gainers were DB Realty and Indiabulls Real Estate which climbed 2.7 percent and 2 percent respectively. Two stocks in the index ended in the red.
The RBI reviews its monetary policy later this week. Do you think it is the right time to invest in this sector?