Indices trade higher; realty shares plunge - Business Standard
· Business · Business Standard
The Indian stock indices recorded gains in the latest session despite a sharp decline in the heavily sector. While the broader market showed upward movement, property stocks faced heavy selling pressure leading to significant drops in valuation. Investors shifted focus toward other sectors, helping the indices offset the losses seen in housing companies. The specific reasons for the massive sell-off in realty shares have not been clarified.
Why it matters
The divergence between overall market growth and the realty crash suggests sector-specific caution among investors regarding the property market.
Read the original report — Business Standard
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