Housing finance shares rally; LIC Housing, Indiabulls Housing hit new highs

real estate, housing, home, building, construction

Shares of housing finance companies (HFCs) have rallied up to 8% on the BSE in otherwise range-bound market on the back of heavy volumes.

Housing Development Finance Corporation (HDFC), LIC Housing Finance, Dewan Housing Finance Corporation (DHFL), Can Fin Homes, GIC Housing Finance and Indiabulls Housing Finance were up between 3% and 8%. By comparison, the S&P BSE Sensex was flat at 29,904 levels at 03:09 pm.