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"I see that the stock prices leave no room for comfort because now the pricing is going beyond the common man's reach," analyst Sanjiv Bhasin told ET Now. He said this referring to the escalation in property prices notwithstanding a benign input cost.
High weightage Nifty Financials rose 1.22%, after shedding 1.29% over the last four sessions. Nifty Realty index surged 6.76% to a new record high, led by Sobha, Macrotech Developers, Godrej Properties, and DLF.
Sobha share price surged 20 percent to fresh high on January 4 after Motilal Oswal named it one of its top stock picks for the year 2024.
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Despite mixed global signals, Indian markets exhibited resilience in Thursday's trade amid Nifty's weekly expiry. The lead sectoral performer on January 4 was the Nifty Realty index as it hit a record high of 836.45