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Shares of real estate companies have move higher by up to 25% in late noon trade on the bourses on back of heavy volumes.
At 1502 hours, S&P BSE Realty index soared 6.5% compared with 0.86% rise in the S&P BSE Sensex.
Housing Development & Infrastructure (HDIL) has zoomed 25% to Rs 130, also its 52-week high on the Bombay Stock Exchange (BSE). The trading volumes on the counter jumped more than three-fold with a combined 40.53 million shares changed hands on the NSE and BSE.
At 1502 hours, S&P BSE Realty index soared 6.5% compared with 0.86% rise in the S&P BSE Sensex.
Housing Development & Infrastructure (HDIL) has zoomed 25% to Rs 130, also its 52-week high on the Bombay Stock Exchange (BSE). The trading volumes on the counter jumped more than three-fold with a combined 40.53 million shares changed hands on the NSE and BSE.
DB Realty is locked in upper circuit of 10% at Rs 72.75 on the BSE. Unitech surged 9% to Rs 17.65, followed by Indiabulls Real Estate (8% to Rs 72.65), Anant Raj (8% at Rs 43.30), DLF (5% at Rs 272) and Prestige Estates Projects (3% at Rs 289).
The Reserve Bank of India (RBI) is scheduled to review its monetary policy on Tuesday, April 7, 2015.
As many as 10 of 12 leading bankers and market players that Business Standard polled on Saturday expect the central bank to maintain the status quo on the benchmark interest rate during its annual policy meeting. CLICK HERE TO READ FULL REPORT.
