Nifty Realty Index soars 25% in 3 sessions. What’s driving this rally

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NEW DELHI: Realty stocks were on a roll on Thursday amid reports of higher expected property registrations in September and the stamp duty cut in Karnataka. Shares zoomed as much as 17 per cent during the session. A fresh round of rate cuts on home loans by mortgage lender HDFC and top lenders like Kotak … Read more

Market Movers: What triggered the sharp revival in real estate stocks?

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MUMBAI: It is not often that Indian shareholders triumph over the mighty promoters. While many might see Zee Entertainment Enterprises’ announcement of a merger with Sony India as a win for the beleaguered Puneet Goenka, it is truly a victory for shareholder activism. Invesco Oppenheimer, the largest shareholder in the broadcast company, wanted Goenka, MD … Read more