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Wednesday, April 1, 2009

Sensex on a high, but realty market still low

There was some good news from the stock market today, with the realty stocks helping the Sensex rise 193 points to finish in the green.

All the 13 sectoral indices on the exchange turned positive, with the indices for realty, IT and oil and gas stocks generating interest among traders owing to their low valuations.

The 30-scrip Bombay Stock Exchange (BSE) sensitive index (Sensex), which opened at 9,745.77 points, rose 193.49 points or 1.99 percent to close at 9,901.99 points.

However, whether this push will help the realty sector in reality is yet to be seen. For the real estate market is still reeling under the ongoing recession.

But, the experts say it’s not exactly recession but market correction. Maybe, but there isn’t going to be any major price hikes as far as housing is concerned.
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1 comment:

Sonal Jain said...

• Dr Reddy's gets two USFDA observations for Srikakulam plant.
• Adi Godrej spells out why there will be fewer family businesses in the long-term.
• Network18, CII to host Global Natural Resources Conclave on April 5, 6.
CapitalStars

April 5, 2017 at 2:42 PM

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