Market Performance
Nifty Realty opened weak on 9 June 2025, slipping to ≈ 1,038 and breaking a two-session rally. The pullback follows a 4.7 % surge that pushed the index to 1,039.60 in the previous session.
Main News
The cool-off comes just days after the Reserve Bank of India shocked markets with a 50-basis-point cut, lowering the policy repo rate to 5.50 %—double the reduction most watchers expected. A deeper cut usually trims home-loan EMIs and eases funding costs for builders, but the sharp, two-day rally left room for short-term profit booking.
Company Details
- Prestige Estates Projects' share price slipped ≈ approximately 1% in early deals.
- Brigade Enterprises' share price also eased by approximately 1%.
- Oberoi Realty's share price declined by about 0.8%.
- Macrotech Developers (Lodha) share price traded mildly lower.
- The DLF share price declined in line with the sector.
- Godrej Properties' share price hovered in negative territory.
- Anant Raj's share price bucked the trend, rising ≈ 2 %.
- Raymond's share price edged up with modest gains.
- Sobha's share price was marginally higher.
- Phoenix Mills' share price firmed up slightly.
Quick Pointers
- Index high on 6 June: 1,039.60
- Latest index level: ≈ 1,038
- Rate‐cut magnitude: 50 bps
Summary
Investors pocketed recent gains in real-estate counters after the RBI's larger-than-expected rate cut. While a softer 5.50% repo rate should bolster housing demand and improve developer margins, today's action shows near-term traders locking in profits. Prestige Estates Projects' share price, Brigade Enterprises' share price, and Oberoi Realty's share price led the declines, whereas Anant Raj's share price and Phoenix Mills' share price found buying interest. Overall, the sector remains sensitive to rate movements, and the latest policy shift has set the stage for the next leg once profit-taking subsides.
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