The bulls are pulling through a
strong trading session on Dalal Street. The Sensex is up 329.97 points or 1
percent at 27040.10. The Nifty is up 99.60 points or 1 percent at 8129.40.
About 1959 shares have advanced, 606 shares declined, and 75 shares are
unchanged.
Banks, infra and metal stocks are
lending support to the indices. Hindalco, GAIL, BHEL are up over 4 percent
each. Tata Power and ICICI Bank are other gainers in the Sensex. Among the
losers are Sun Pharma, HUL and HDFC.
Real estate stocks gained after
the Cabinet deferred a decision on setting up a regulator for the sector. the
Cabinet yesterday discussed the Real Estate Development and Regulation Bill
but deferred a decision on it.
The bill, which was introduced in
the Rajya Sabha in August last year, seeks to protect home buyers from
unscrupulous developers. It was then referred to a Parliamentary Standing
Committee, which had submitted its report in February. The bill provides for
mandatory registration of all projects, besides mandatory disclosure of
information like details of promoters, layout plan, land status, schedule of
execution, status of various approvals and carpet area. More information
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