Latest news with #ShaktikantaDas.While
Economic Times
a day ago
- Business
- Economic Times
Real estate stocks deliver rocket returns this week as BSE Realty eclipses sectoral peers with 10% rally
The real estate sector has emerged as a powerhouse, with the BSE Realty index recording substantial weekly gains. This momentum can be traced back to the Reserve Bank of India's repo rate cut, which has sparked renewed interest in property investments. Leading the charge is Sobha, whose stock has taken off, joined by gains in Financial Services and Metal sectors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The realty sector eclipsed its sectoral peers as the BSE Realty index delivered near double-digit weekly gains with significant impetus coming from the Reserve Bank of India's (RBI's) 50 bps points repo rate cut on Friday, unleashing the property 10-stock index ended the week with 9.7% returns while rising by 5% on the stocks that rallied most, Sobha 's 18% uptick towered over others. Prestige Estates Projects and Brigade Enterprises were up 17%, like the DLF Macrotech Developers (Lodha), Signatureglobal (India), The Phoenix Mills and Anant Raj closed with weekly gains of 10% and 3%.Others including BSE Financial Services (1.8%), BSE Metal (1.7%), BSE Auto (1.5%) and BSE Healthcare (1.4%) trailed significantly. The headline index BSE Sensex closed with 1% major laggards were BSE Information Technology and BSE Capital Goods, which were down 0.15% and 0.41%, respectively, on a weekly broader markets also showed good momentum with the BSE Smallcap rising by 2% during the week while the BSE Midcap gain by nearly as which is an interest rate sensitive sector is expected to benefit from the rate cut. RBI has so far cut the policy rate by 100 bps, bringing it to 5.5%. This was a third cut in a row and under the leadership of Governor Sanjay Malhotra who took over the reins from Shaktikanta the EMIs of potential home buyers will likely come down, the industry will also benefit from cheaper cost of on the development, Krishna Appala, Fund Manager, Capitalmind PMS said that rate-sensitive sectors stand to benefit — especially financials, real estate, and manufacturing, though she conceded that the transmission could be slower, given muted credit offtake."Despite abundant liquidity, both corporate borrowing and bank lending remain subdued," Appala said, adding that overall, this policy reinforces India's macro stability while attempting to reignite demand in a measured, credible Read: Bank, NBFC stocks cheer RBI's 50 bps bonanza, but are rate cuts delivering?
Time of India
a day ago
- Business
- Time of India
Real estate stocks deliver rocket returns this week as BSE Realty eclipses sectoral peers with 10% rally
The real estate sector has emerged as a powerhouse, with the BSE Realty index recording substantial weekly gains. This momentum can be traced back to the Reserve Bank of India's repo rate cut, which has sparked renewed interest in property investments. Leading the charge is Sobha, whose stock has taken off, joined by gains in Financial Services and Metal sectors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The realty sector eclipsed its sectoral peers as the BSE Realty index delivered near double-digit weekly gains with significant impetus coming from the Reserve Bank of India's (RBI's) 50 bps points repo rate cut on Friday, unleashing the property 10-stock index ended the week with 9.7% returns while rising by 5% on the stocks that rallied most, Sobha 's 18% uptick towered over others. Prestige Estates Projects and Brigade Enterprises were up 17%, like the DLF Macrotech Developers (Lodha), Signatureglobal (India), The Phoenix Mills and Anant Raj closed with weekly gains of 10% and 3%.Others including BSE Financial Services (1.8%), BSE Metal (1.7%), BSE Auto (1.5%) and BSE Healthcare (1.4%) trailed significantly. The headline index BSE Sensex closed with 1% major laggards were BSE Information Technology and BSE Capital Goods, which were down 0.15% and 0.41%, respectively, on a weekly broader markets also showed good momentum with the BSE Smallcap rising by 2% during the week while the BSE Midcap gain by nearly as which is an interest rate sensitive sector is expected to benefit from the rate cut. RBI has so far cut the policy rate by 100 bps, bringing it to 5.5%. This was a third cut in a row and under the leadership of Governor Sanjay Malhotra who took over the reins from Shaktikanta the EMIs of potential home buyers will likely come down, the industry will also benefit from cheaper cost of on the development, Krishna Appala, Fund Manager, Capitalmind PMS said that rate-sensitive sectors stand to benefit — especially financials, real estate, and manufacturing, though she conceded that the transmission could be slower, given muted credit offtake."Despite abundant liquidity, both corporate borrowing and bank lending remain subdued," Appala said, adding that overall, this policy reinforces India's macro stability while attempting to reignite demand in a measured, credible Read: Bank, NBFC stocks cheer RBI's 50 bps bonanza, but are rate cuts delivering?
