Realty stocks registered a surge on
Tuesday at lunch hours, rising up the Nifty Realty index higher by 1.22%. With
the Real Estate Regulatory Authority and GST settling in, market players expect
sales of residential and commercial units to pick up.
Sobha developers Limited was leading
the Nifty pack, with its stocks trading at Rs. 538.05 per share, higher by
4.65%, while the stock of Prestige Estates Projects Limited was trading at Rs.
289.95, up by 3.89%, and Godrej Properties was at Rs. 687.10, up by 3.87%
followed by the shares of Housing Development & Infrastructure which was at
Rs. 55.80 per share, up by 2.86%. Among realty stocks, Brigade
Enterprises, DLF and India Bulls Real Estate were trading in the green zone,
while Phoenix Mills, Oberoi Realty and Unitech were trading in the red zone at during
the day.
At 2:30 pm, Nifty50 was trading at
10,212.20, higher by 27.35 points while BSE Sensex was trading at 32,600.75,
higher by 94 points.
HDFC Bank, the country's second largest private sector lender, is expected to report a 20 percent growth year-on-year in profit at Rs 4,143.5 crore for the quarter \ended September 2017.CapitalStars
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