India's realty, bank stocks rise on report govt mulls housing loan interest subsidy

Embassy Developments

25/09/2023 11:22

** India's Nifty Realty Index  .NIFTYREAL  and Nifty Bank
Index  .NSEBANK  rise after Reuters report India considering
housing loan interest subsidy scheme
    ** Nifty Realty index  .NIFTYREAL  and Nifty Bank index
 .NSEBANK  closed 1.52% and 0.35% higher, respectively
    ** India is considering spending 600 billion rupees  ($7.22
billion) to provide subsidised loans for small urban housing
over the next five years, two govt sources told Reuters
    ** Shares of Indiabulls Real Estate  INRL.NS  and Sobha Ltd
 SOBH.NS  closed 9.3% and 5.4% higher, respectively
    ** Shares of Punjab National Bank  PNBK.NS  and Kotak
Mahindra Bank  KTKM.NS  closed 3.5% and 1.6% higher,
respectively


($1 = 83.1140 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))