The markets have been on a high for the past few sessions, particularly the Nifty, which consistently touched and even crossed the 18,000 mark earlier this week.
The Reserve Bank of India (RBI) earlier this month decided to maintain a pause on key policy rates for the second time in a row.
While in April when the RBI had first paused the repo rates, real estate firms’ shares had enjoyed good growth, mainly owing to positive sentiments among homebuyers, as the decision meant EMIs would not be raised.
Read More : RBI’s Rate Pause Aligned with Global Trends, Proving Beneficial