Real estate stocks gain on fresh long positions

Reuters Market Eye - Real estate stocks gain as investors take new long positions in equity derivatives on Tuesday.

DLF is up 1.6 percent, Unitech surges 2.9 percent.

Traders cite easing inflation data and short term underperformance as key reasons.

DLF is down 15.7 percent since the end of June, compared with a 5 percent gain in the Nifty.

Realty stocks with new long positions

Sept. futures Open Interest Change

(shares)

DLF 288,000

Unitech 2,669,000

(abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)