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Moneycontrol India :: News :: Realty index up 6.37% reacting positively to policy change :: :: Market Edge :: Realty ,Unitech ltd,DLF Limited,HDIL,Ansal Infras,Mahindralife Space,Sobha Developers,Phoenix Mills,Akruti City
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Realty index up 6.37% reacting positively to policy change
2008-04-29 15:34:38 Source : moneycontrol.com
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The RBI aims at a credit growth of 20% in FY09. It has increased the home loan limit of 50% risk weight to Rs 30 lakh from Rs 20 lakh. It hiked the CRR by 25 bps to 8.25%. It has left the Repo, Reverse Repo rates unchanged, which has been cheered by market.

 

RBI aims at 4-4.5% inflation going forward. It has set FY09 GDP growth target at 8-8.5%.

 

The realty sector grabbed the positive news from RBI with both hands. Realty index was up 6.37% in todays trading session. It reacted sharply towards it on positive side. Realty front runners were up 10% to 8% in today’s trade. Unitech, DLF, HDIL were up 10%, 8.5% and 7% respectively.Other realty gainers were Sobha Developers, Phoenix Mill, Parsvnath, Akruti City etc which were up around 3% to 4%.

 

 

Scrip Name

Intra day low

Intra day high

% Change

Unitech ltd

287.15

316.75

10.31

DLF Limited

668.00

724.50

8.46

HDIL

720.00

777.00

7.92

Ansal Infras

162.55

174.95

7.63

Mahindralife Space

473.00

502.00

6.13

Sobha Developers

602.00

632.80

5.12

Phoenix Mills

382.00

401.00

4.97

Parsvnath

223.00

234.00

4.93

Omaxe ltd

229.00

239.90

4.76

Akruti City

1085.00

1129.00

4.06

Puravankara

261.30

271.00

3.71

Indiabulls Real

531.05

538.00

1.31

 

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