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Realty index rises second day on rate cut hopes; Sobha, Godrej Properties jump up to 6%
The Business Guardian
|June 04, 2025
Real estate stocks recorded strong gains on June 3, thus pushing the Nifty Realty index into the green for the second consecutive session.
This comes amid buzz over a possible rate cut announcement after the RBI's MPC meeting on June 6.
Nifty Realty index jumped nearly 2 percent to hover around 989 in the afternoon, bucking the overall downtrend in the stock market with benchmark indices Sensex and Nifty standing in the red.
The Reserve Bank of India (RBI) is likely to announce a third consecutive rate cut on May 6 (Friday) after its Monetary Policy Committee (MPC) concludes its deliberations which are scheduled to begin on June 4.
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