Realty sector declines despite RBI repo rate cut
after close1 source ↓written by the desknot a recommendation
- Realty index fell
- 3%
- Godrej Properties
- 4%
- by the RBI
- 25 bps repo rate cut
- over the past
- 8%
- in the Nifty
- 2% rise
On Monday, the Nifty Realty index fell 3%, with major stocks like DLF and Godrej Properties down 4%. Despite a 25 bps repo rate cut by the RBI, the index has declined 8% over the past month, contrasting with a 2% rise in the Nifty 50. Analysts cite weak launches as a key concern.
Not investment advice. For informational purposes only.