Sensex and Nifty end higher, realty stocks shine [Video]

The domestic benchmark equity indices, Sensex and Nifty, settled higher on Monday as heavy buying was seen in the realty sector. Nifty realty was the outperforming sector, up over 3 per cent.

Sensex ended at 80,248.08, higher by 445.29 points, or 0.56 per cent, while the Nifty 50 ended the day at 24,276.05, up by 144.95 points, or 0.60 per cent.

According to market experts, “Despite a slump in the Q2 growth rate, the market maintained a positive bias as the core sector output in October shows signs of recovery. Slowing earnings growth is already factored in the market and mid and small caps are rebounding.”

“However, investors stay marginally cautious ahead of RBI policy this week due to the risk of a cut in GDP forecast. The current inflation dynamics are not favorable for a rate cut in the short-term and the RBI is likely to turn more realistic on its growth projection …