Realty stocks extend rally as easing Fed rate concerns boost sentiment
Mumbai, July 10 -- The sectoral index has climbed 6.78% over the two sessions. It has gained 23.19% in the past three months, although it remains down 4.04% over the past one year.
Brigade Enterprises led the gains, rising 5.50%. Godrej Properties added 4.63%, while DLF climbed 3.84%. Prestige Estates Projects advanced 3.48%, Anant Raj gained 3.06% and Aditya Birla Real Estate rose 2.62%.
Among the other constituents, Oberoi Realty increased 2.42%, Phoenix Mills gained 2.30%, Lodha Developers advanced 2.21% and Sobha added 2.19%.
The rally came as softer US economic data released last week eased concerns over an immediate interest rate hike by the US Federal Reserve, improving risk appetite across global markets.
Expectations of a mor...
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