Realty stocks gain ground

Realty stocks, which opened on a subdued note this morning, are among the prominent gainers in afternoon trade. Mirroring investor interest for these stocks, the BSE Realty index has spurted 3.7% now. Sector heavyweight DLF has gained nearly 7% at Rs 715.
Unitech, a Nifty component, has posted a gain of 4.6%. Penland, HDIL, Sobha Developers, Ansal Infrastructure, Omaxe, Parsvnath Developers and Mahindra Lifespace have gained 2.5% – 4.5%. India Bulls Real Estate has gained 1.5% at Rs 548.90. Anant Raj Industries is up with a modest gain of 0.65% at Rs 298.
Hindalco has jumped by 5.8% to Rs 197. HDFC has come off its high of Rs 2881, but at Rs 2846, still remains high up in the positive territory with an impressive gain of 4.65%. Jaiprakash Associates is up with a gain of 4.25%.
Satyam Computer Services, which zoomed to Rs 486.90 this afternoon, is up with a handsome gain of 7.75% despite having eased a bit to Rs 477.15. Infosys Technologies has notched up 4.4%. Wipro and Tata Consultancy Services are up by around 4.25% and 3.5% respectively. A host of other stocks from the IT space have also recorded handsome gains.
Reliance Industries, State Bank of India, Tata Steel, Larsen & Toubro and Grasim Industries are up by 2% – 3%. Ranbaxy Laboratories, Reliance Energy, Hindustan Unilever, ICICI Bank, Ambuja Cements, NTPC and ACC have also moved up sharply.
Out of 2663 stocks seen in action on BSE, 1546 stocks are up in the positive territory. 1058 stocks have posted losses and 59 stocks trade flat.

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