Realty sector has been buzzing on Dalal Street since yesterday on the back of Fed slashing interest rates by 50 bps and the news that Unitech will enter Nifty Fifty Index. The sector surged by nearly 15% in two days.
Today also real estate stocks were star performers despite the volatility one saw in the markets after yesterday’s huge gains.
BSE Realty Index, the real winner, jumped by nearly 8% in intra-day trade today and closed at 9,044.40, with 6.85% gain over yesterday’s close.
It gained by 13% from close of September 18 and gained by 15.12% as against today’s high and Sep 18 closing price.
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