Rate cut hopes, strong results set up India's realty index for best week since Sept 2021

Lodha Developers

16/05/2025 10:15

** India's Nifty realty index .NIFTYREAL up 2%, taking weekly gains to 11%

** Sub-index set for best week since Sept. 2021 and is on track for highest weekly gains among all major subindexes

** All 10 constituents rise on the day, with developer Anant Raj ANRA.NS being the top pct gainer with 8% jump

** Heaviest stock on the sub-index, DLF DLF.NS, up 1.6%

** Rising expectations of aggressive rate-easing after cool inflation data, strong Q4 results from members Raymond RYMD.NS and Brigade BRIG.NS aiding sentiment, analysts say

** BRIG up 4%, while RYMD up 5% on the day

** On a weekly basis, Macrotech Developers MACE.NS is the top pct gainer with an 11.1% jump

** Sub-index has trimmed its YTD pct decline to ~13% vs ~6% rise in benchmark Nifty 50 .NSEI

All the major Indian equity indexes log weekly gains https://reut.rs/3Hdl6Jm

 (Reporting by Hritam Mukherjee and Bharath Rajeswaran in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))