Domestic Indices Continue With Upward Trend
Trends such as robust pent-up demand, change in consumer preference and low housing loan rates are expected to continue the rally in real estate stocks in the coming months.
The Indian stock markets witnessed a sell-off in the first half of the fortnight on the back of weak global cues. However, a better-thanexpected Q1FY22 earnings’ season helped frontline benchmark indices Sensex and Nifty rebound and end the fortnight on a strong note with gains of 1.13 per cent and 1.06 per cent, respectively. IPOs of G R Infraprojects, Clean Science and the highly coveted food delivery start-up Zomato debuted on the bourses during the fortnight, furnishing phenomenal listing day gains of 108.7 per cent, 76.13 per cent and 65.59 per cent, respectively.
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