In response to the recent monetary policy decision by the Reserve Bank of India (RBI), the Nifty Realty Index saw a notable increase of 1.55%. This boost reflects growing investor confidence in the real estate sector.

Shares of Sobha Ltd and Oberoi Realty Ltd surged, reaching all-time highs of ₹922 and ₹1,182.50 respectively on Friday. Sobha’s stock climbed 8% during the session, closing at ₹905, while Oberoi Realty experienced a 3.5% rise, closing at ₹1,154. This marks a significant rebound for the Nifty Realty Index after it faced downward pressure in the previous two sessions.

The RBI’s policy announcement included a status quo on key rates, with the repo rate remaining at 6.5% and the reverse repo rate at 3.35%, as expected by market analysts. RBI Governor Shaktikanta Das reiterated the central bank’s commitment to maintaining a prolonged pause on rate hikes to support economic growth and manage inflation.

Despite a recent period of underperformance, the Nifty Realty Index’s current momentum demonstrates a positive shift. Notable performances among real estate companies contributed to the index’s overall rise, signaling renewed market optimism.

The broader market also showed strength, with the Nifty 50 Index closing at 18,707.45, reflecting a gain of 92.55 points or 0.5%. The BSE Sensex rose by 350.08 points or 0.5%, finishing at 63,146.42. Across the board, major sectoral indices, including Nifty Bank, Auto, Metal, and Pharma, closed in the green.

Overall, the stability in monetary policy and optimistic outlook in the real estate sector have bolstered investor sentiment, leading to record-setting performances for key realty stocks.

Key Points:

• Nifty Realty Index increased by 1.55% after RBI’s policy announcement.
• Sobha Ltd and Oberoi Realty Ltd stocks reached record highs, closing at ₹905 and ₹1,154, respectively.
• RBI maintained key rates, with the repo rate at 6.5% and reverse repo rate at 3.35%.
• Broader indices, Nifty 50 and BSE Sensex, showed gains of 0.5%.
• Sectoral indices Nifty Bank, Auto, Metal, and Pharma closed higher.

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