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Monetary Policy: Housing finance stocks surge as RBI allows timeline extension for commercial real estate projects

Updated : February 06, 2020 03:49 PM IST

Housing Finance companies surged after the Reserve Bank of India announced massive steps for the sector in its monetary policy.
Nifty Realty, however, pared gains to end in the red, still Brigade Entreprises, Godrej Properties, Sobha, and Prestige Estate rose 1-3.5 percent.
Other rate-sensitive stocks were also positive post the policy announcement. Nifty Bank added 0.9 percent and Nifty Auto advanced 0.2 percent

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