Real Estate Market Sees Gains Amid Positive Trend
Real Estate stocks rise as S&P BSE Realty Index gains 0.96% at 8117.27
Real EstateCapital MarketStocksBse Realty IndexIndian EconomyReal Estate NewsMay 27, 2024
Among the components of the S&P BSE Realty Index, Sobha Ltd led the charge with a 6.14% gain, followed closely by Godrej Properties Ltd (up 2.43%) and Macrotech Developers Ltd (up 1.44%). Other notable gainers included Brigade Enterprises Ltd (up 0.87%) and Swan Energy Ltd (up 0.77%).
On the other hand, Mahindra Lifespace Developers Ltd (down 1.8%), Prestige Estates Projects Ltd (down 0.42%), and Oberoi Realty Ltd (down 0.11%) experienced declines.
At 09:47 IST, the broader market also showed signs of growth, with the S&P BSE Sensex up 177.48 or 0.24% at 75587.87. The Nifty 50 index gained 40.45 points or 0.18% to 22997.55.
The real estate sector is a critical component of the Indian economy, with a significant impact on GDP growth and employment generation. In recent times, the sector has faced several challenges, including regulatory changes and market fluctuations.
Business Standard is a leading provider of business news and market analysis, offering insights and expert opinions on the latest trends and developments in the Indian economy.
Frequently Asked Questions
What was the gain in S&P BSE Realty Index?
The S&P BSE Realty Index gained 77 15 points or 0 96% to 8117 27
Which were the top gainers in the real estate sector?
Sobha Ltd Godrej Properties Ltd and Macrotech Developers Ltd were among the top gainers in the real estate sector
How did the broader market perform?
The S&P BSE Sensex was up 177 48 or 0 24% at 75587 87 while the Nifty 50 index gained 40 45 points or 0 18% to 22997 55
What is the significance of the real estate sector in the Indian economy?
The real estate sector is a critical component of the Indian economy with a significant impact on GDP growth and employment generation
What is Business Standard?
Business Standard is a leading provider of business news and market analysis offering insights and expert opinions on the latest trends and developments in the Indian economy
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