Red-hot property stocks set for next leg of rally

Published On: Wednesday, September 1, 2021 | By: Team KnowMyStock

Recent weakness in India’s red-hot property stocks looks short-lived as record low-interest rates and an economic recovery from the pandemic fuel demand from an increasingly affluent middle class. That’s the view of analysts, who see large listed firms emerging as the biggest beneficiaries amid ongoing consolidation in the $200 billion sectors. India’s property market is rebounding after being in a down cycle for the last six years as a series of headwinds ranging from the pandemic, a bad-loan crisis, and a surprise 2016 cash ban hurt demand for new houses and apartments. Stronger sales and weak launches are leading to faster absorption of outstanding inventory and this favorable demand-supply situation has started to build a case for price increases, according to experts.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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