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Realty & Banking stocks continue to go down
| November 17, 2008 |  (1 votes, average: 5 out of 5) Loading ... |
Despite positive measures by Reserve Bank of India for easy credit availability to rate sensitive sectors like banking and realty, the stocks are not showing any signs of recovery.
Investors are still getting out of the realty and banking counters. All the 14 stocks from banking sector were trading in red. All the real estate stocks were also deep in red.
“Lack of participation by investors is having an impact on the market. Positive measures by RBI to infuse liquidity in the system have not helped investor confidence, which is reflected as rate sensitive sectors are going down everyday,” analyst from Khandwal Securities said.
At 11:30 am, losers from the bank stocks were ICICI bank went down 7.03% at Rs.368.01, HDFC Bank 7.50% Rs.935.70.
In realty sector, Unitech was down 11.37% Rs.40.55, Indiabulls Real Estate down 6.86% Rs.101.90.
News Published Under: Real Estate India, Banking and Finance |
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