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Nifty Realty Index Surges Amid Market Gains
3 Feb
Summary
- Nifty Realty index climbed 4.79% to 815.3 today.
- Godrej Properties, Lodha Developers, and Sobha Ltd saw significant gains.
- The index has fallen 14.00% over the past year.
The Nifty Realty index recorded a substantial increase of 4.79%, closing at 815.3 on the trading day. This positive movement saw key players like Godrej Properties Ltd surge by 8.93%, Lodha Developers Ltd gain 7.33%, and Sobha Ltd advance by 5.94%.
However, the sector's performance over a longer timeframe shows a year-to-date decline of 14.00%. This contrasts sharply with the benchmark Nifty 50 index, which has achieved a 10.13% increase over the same period.
In the broader market context, the Nifty 50 index itself posted a healthy gain of 2.55%, closing at 25727.55. Similarly, the SENSEX rose by 2.54%, ending the day at 83739.13. Other indices, including Nifty Financial Services and Nifty Infrastructure, also showed positive momentum with gains of 3.27% and 3.03%, respectively.
