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Get latest articles and stories on Latest News at LatestLY. Interest rate-sensitive realty stocks jumped on Friday after the Reserve Bank of India (RBI) kept the benchmark interest rate unchanged at 6.5 per cent. Latest News | Realty Stocks Jump After RBI MPC Meet.
Sensex was up 20.59 points or 0.03% at 74,248.22, and the Nifty was up 10.80 points or 0.05% at 22,525.50.
The HDFC Nifty Realty Index Fund, launched in early March, is solely dedicated to the domestic real estate sector.
Top Gainers and Losers Today : The Sensex lost 27.09 points, or -0.04, to settle at 73903.91, while the Nifty lost 18.65 points, or -0.08, to close at 22453.3.
Morgan Stanley analysts expect real estate sector's relative outperformance to be driven by pre-sales momentum