Real Estate, Metal Stocks Lead Sectoral Gainers

Real estate stocks are the top sectoral gainers on Monday with the index up more than 3 per cent.

The BSE Real Estate Index is up 3.86 per cent led by Prestige Estates which is up almost 7 per cent. DLF is up more than 5 per cent, Sobha is up more than 5 per cent, and Lodha is up more than 3 per cent.

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Prestige Estates was up almost 7 per cent after it announced a strategic deal with the Abu Dhabi Investment Authority (ADIA) and Kotak AIF.

The Rs 2,001 crore ($240 million) deal is dedicated towards the development of residential projects in prominent locations across four cities in India.

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Metal stocks are among the top gainers with the index up 3.3 per cent. NMDC is up more than 5 per cent, Vedanta is up almost 5 per cent, JSW Steel is up more than 4 per cent, Tata Steel is up more than 4 per cent, and SAIL is up over 4 per cent. JSW Steel and Tata Steel are the top Sensex gainers on Monday.