Nifty Realty index zooms ~5% with all stocks in bullish mode; Sunteck, DLF, Indiabulls, Lodha outshine

25 Feb 2022 , 10:41 AM

The Nifty Realty index was trading bullish on Friday’s session rebounding from its previous day heavy selloff. The index advanced over 4.5% despite volatile global cues due to Russia-Ukraine war.

Benchmarks Sensex and Nifty 50 rallied as all sectoral indices traded in the upward direction. It is expected that high level of uncertainty in domestic equities will continue as monthly F&O series also begin.

In broader markets, all the sectoral indices witnessed buying sentiments from investors tracking overall markets where PSU Bank and  metal indices also surged 4-6%.

At around early morning deals, Nifty Realty was trading at 430.90 higher 19.15 points or 4.65%, after touching a high of 433.25 and low of 423.85 during intraday trade.

On the index, Sunteck led the charge by surging over 6.6% at Rs474 per piece followed by DLF, Indiabulls Real Estate gaining around 6.5% each to push the bullish markets.

Heavyweights Macrotech Developers (Lodha) and Oberoi Realty surged 5.49% and 5.14% per piece respectively to support the index. Further, Sobha advanced 4.7% at Rs738.60 per piece while index major Godrej Properties also zoomed 4.5% on the index. Prestige and Brigade spurted over 3% each while Phoenix Mills was on a muted tone but in the green.