iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Nifty Realty extends gaining amid RBI policy outcome; DLF, Lodha, Godrej Properties led the charge

8 Jun 2022 , 11:23 AM

Nifty Realty index triggered the bull run in an expeditious manner to hit the charts on Wednesday’s session. The realty stocks sprinted upward in the late morning trade reacting to RBI monetary policy outcome.

The Reserve Bank of India (RBI) has raised the repo rate by 50 basis points, an increase for the second time in five weeks at the conclusion of the monetary policy committee’s three-day meeting on June 8. The increase in repo rate is to tackle the inflationary woes around the globe.

Realty stocks sparked rally after RBI announced several measures to improve credit flow to the sector and boost demand. RBI Governor Shaktikanta Das during the monetary policy statement announced measures such as enhancing individual housing loans limits for cooperative banks and allowing rural cooperative banks to lend to commercial real estate projects.


At around 11:25 AM, Nifty Realty was trading at 405.05 up 830 points or 2.09%, as all the stocks were in the green state.

Meanwhile, the BSE Sensex was trading at 55,179.09 up 71.75 points or 0.13% and the Nifty50 at 16,431.45 up 15.10 points or 0.09%.

DLF, Lodha Developers zoomed the index by 3% gains while other stocks join bullish bandwagon to lift the index.

DLF surged over 3.5% at Rs329 per piece. Lodha Developers also jumped over 3% with Oberoi Realty and heavyweight Godrej Properties climbed more than 2.5% each. Sobha led the rally by spurting over 2% at Rs537.30 per piece in an upbeat market.

Brigade also gained around 2% at Rs461 per piece while Indiabulls Real Estate and Phoenix were on the upside by 1.6% and 1.06% respectively. Prestige and Sunteck surged marginally to support the index reaching new highs.

Related Tags

  • Brigade Enterprises share price
  • DLF share price
  • Godrej Properties share price
  • Indiabulls Real Estate share price
  • market
  • nifty
  • Nifty Realty
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.