Money on the markets

A maturing market amid the mayhem

BSE Realty Index gains

September 16, 2010

INDIA

The BSE Realty Index closed 1.2 percent higher on Thursday while the broader market remained volatile and closed 0.4 percent lower at 19417.

Shares that boosted the sectoral index were DLF (up 2.6 percent), Unitech (up 1.5 percent) and Ansal Properties (up 2.1 percent). However, Omaxe dropped over 2 percent.

On Wednesday, a top LIC official had highlighted that India’s focus on infrastructure investment would help drive growth in its stock market.

With the RBI increasing policy rates today, do you think the likely increase in loan rates by banks will pinch demand and bring down infra stocks?

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