Motilal Oswal Real Estate (MORE), the real estate equity arm of Motilal Oswal Financial Services on Wednesday announced the first close of its recently launched fifth real estate fund “India Realty Excellence Fund V (IREF V).” The Fund, which was launched with a target corpus of Rs 800 crore has received commitments aggregating Rs 650 crore, it said. The IREF V will focus on providing senior secured debt in post-approval projects. The Fund plans to deploy the capital in mid-income/ affordable residential projects across the top seven cities in India while selectively investing in commercial projects. The India Realty Excellence Fund V would undertake 12-15 transactions in its entire fund life.
Trade setup for Tuesday: Top 15 things to know before Opening Bell
On Tuesday, the market would rally if it crosses 13,600 levels at the beginning, and in that case, we could even see the levels of 13,700 or 13,750, says Shrikant Chouhan of Kotak Securities. Sunil Shankar Matkar December 15, 2020 / 07:09 AM IST
The market turned lower after hitting a life high in early trade but managed to recoup those losses to end at a record closing high on December 14, supported by positive global cues and October industrial output data.
The BSE Sensex climbed 154.45 points to 46,253.46, while the Nifty50 rose 44.30 points to 13,558.20 and formed a Doji kind of pattern on the daily charts for the third consecutive session as closing was near opening levels.