Interest rate sensitive sectors remained the frontrunners in Monday's
trade even as the benchmark equity indices trimmed their gains after the
Reserve Bank of India (RBI) kept the key interest rate unchanged in its
latest credit policy decision.
Stocks from realty, banks and infra spaces extended their Friday's gains after the central bank announced a cut in the cash reserve ratio (CRR) by 25 basis points to 4.5%, but refrained from altering the repo rate from 8%.
The sectoral index on realty that closed at 1,737.58,was the biggest gainer, adding nearly 6.5%, followed by capital goods & infra and banking & financial services, which both rose 3-4% to end the session at 10,412.17 and 12,572.43, in that order. The 30-share benchmark Sensex closed at 18,542.3, up 78 points or 0.4%.
Realty stocks like DLF, HDIL, Phoenix Mill and Indiabull real estate surged as much as 6-to 14% on Monday while capital goods players clocked-in gains of more than 4%.The banking player rose 5-7%.
DLF Limited is india's largest real estate company and has a track record of over 62 -year of sustained growth,customer satisfaction,and innovation.Currently DLF has pan india presence across 28 cities.DLF has approximately 250 million sq.ft of completed development,350 million sq.ft. of planned projects and has 50 million sq.ft.of projects under construction.
Stocks from realty, banks and infra spaces extended their Friday's gains after the central bank announced a cut in the cash reserve ratio (CRR) by 25 basis points to 4.5%, but refrained from altering the repo rate from 8%.
The sectoral index on realty that closed at 1,737.58,was the biggest gainer, adding nearly 6.5%, followed by capital goods & infra and banking & financial services, which both rose 3-4% to end the session at 10,412.17 and 12,572.43, in that order. The 30-share benchmark Sensex closed at 18,542.3, up 78 points or 0.4%.
Realty stocks like DLF, HDIL, Phoenix Mill and Indiabull real estate surged as much as 6-to 14% on Monday while capital goods players clocked-in gains of more than 4%.The banking player rose 5-7%.
DLF Limited is india's largest real estate company and has a track record of over 62 -year of sustained growth,customer satisfaction,and innovation.Currently DLF has pan india presence across 28 cities.DLF has approximately 250 million sq.ft of completed development,350 million sq.ft. of planned projects and has 50 million sq.ft.of projects under construction.
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