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Realty stocks jump, Sunteck, DLF lead gains

Posted on : 2014-01-12

Realty stocks jump, Sunteck, DLF lead gains
New Delhi: Realty stocks were the biggest gainers on the bourses today. It was the second straight day of big up move for real estate firms.

The realty index on the Bombay Stock Exchange (BSE) traded with over 5 per cent gains at 1445 hours in a lacklustre market. In contrast, the BSE Sensex was up only 0.8 per cent.
HDIL was the biggest gainer on the BSE realty index, rising over 14.55 per cent. Mumbai based commercial realty developer Sunteck realty traded 12 per cent higher despite reports of income tax raids.