Nifty Realty Index Nears 900; Sector Gains on Rate Cut Buzz and Renewed Investor Interest
Real estate stocks such as Brigade Enterprises (
BRIGADE
,
LODHA
, and
PRESTIGE
rose over 2% on October 10, lifting the Nifty Realty index nearly 2% higher to 900. The rally was driven by value buying, expectations of a US Federal Reserve rate cut, and optimism around lower borrowing costs. Investors anticipate that a potential Fed rate reduction could prompt the RBI to follow suit, which may further boost housing demand. Improved liquidity conditions and renewed investor interest in quality realty counters also supported the sector’s upward momentum.
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