Realty index ends in green (The Hindu Business Line 15th Feb 2008)Real estate stocks were among the prominent gainers on Dalal Street in the broad upward movements on Thursday. The BSE Realty Index shrugged off its negative psychological baggage that was weighing heavy on the valuations of the sector counters after Emaar MGF IPO was withdrawn in the wake of poor demand. The bounce-back was a little more than in other sectors based on the clear signal by the Finance Minister, Mr P. Chidambaram, that bank lending to the sector ought to be at relatively lower rates. After five sessions of losses, the Realty Index had finished in the green on Wednesday. The 14-stock Realty Index moved up 7.58 per cent up, more than the benchmark Sensex and only next to the Power Index (8.14 per cent) among all the indices. Except for one realty counter, Aant Raj Industries (-0.29), all others in the index finished in the green. Ansal Infrastructure gained the highest among the lot and closed around 16 per ...
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