Realty stocks is expected to have a profitable growth during this festive season as the recent stamp duty cut is also providing a boost to investors. As far, realty turns out to be the preferred investment option because of high gold rates and FD rates are at a record low.
At around 10:35 AM, Nifty Realty was trading at 500.50 up 6.60 points or 1.34%, after hitting a fresh record high at 508.80 as majority stocks in a bull run.
Oberoi Realty hit the charts as top bull by gaining more than 8%, hitting 52-week high at Rs949.65 per piece. Indiabulls Real Estate and Prestige push the bulls to the upside by surging between 2-3%.
DLF and Phoenix jumped near 1% while Sunteck again hit new record high at Rs507 per piece. Godrej Properties and Sobha also contributed to add some marginal gains to the bullish sector.
However, Brigade and Hemisphere Properties were under pressure to fell 0.63% and 0.77% respectively on today's trading session.