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| Realty gains strength on easing liquidity |
| BS Reporter / Mumbai Jun 01, 2009, 16:08 IST |
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Realty was the top performer in today's market. The BSE Realty index opened today with a positive gap of 118 points at 3,938. The index touched a low of 3,923 and a high of 4,078.
The finally ended with a gain of 216 points (5.6%) at 4,036, advancing 89% in the last two months.
Unitech soared 16% to Rs 92. DLF gained 3% at Rs 415.
HDIL surged 8% to Rs 307. Indiabulls Real Estate was flat at Rs 249.
Orbitco rallied 9% to Rs 184. Peninsula Land and Phoenix Mills moved up 8% each to Rs 72 and Rs 147, respectively.
Akruti City, Anant Raj Industries, Parsvnath, Ansal infrastructures, Sobha Developers and Omaxe added 3-4% each.
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(Updated at 1250 hrs)
The easing liquidity situation has helped the realty to surge today.
The BSE Realty index has advanced 3% at 3,929. The index has surged 85% in the last two months.
DLF has advanced 1.5% at Rs 410. Unitech has soared 7% to Rs 85.
Indiabulls Real Estate has added 2.5% to Rs 253.
Peninsula Land has surged over 7.5% to Rs 72.
Anant Raj Industries, Mahindra Lifespace Developers, Akruti City, Ansal Infrastructures, Orbit Corporation have soared 4-5% each.
Parsvnath Developers, Sobha Developers have gained 2.5-3% each.
HDFC AND Indiabulls Real Estate have advanced nearly 3% each to Rs 292 and Rs 252, respectively.
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