Nifty Realty zooms 2% as Indiabulls Real Estate, Godrej Properties, Phoenix see bullish sentiment

Real estate stocks were among top performers on Friday's trading session despite a lacklustre benchmark performance. Investors maintained their bullish sentiment on the sector throughout the day.

At around 2.34 pm, Nifty Realty was trading at 259.50 up 2%. The index has surged to an intraday high of 262.75.

On the index, Indiabulls Real Estate saw huge buying as the stock gained by near 6% and was trading at Rs64.10 per piece.

Heavyweight Godrej Properties zoomed by near 4% and was trading at Rs1,148.90 per piece, followed by Phoenix at Rs673.05 per piece and Oberoi Realty at Rs457.10 per piece which surged by over 2% each.

A 1% jump each was witnessed in DLF, Sobha and SunTeck stock. OMAXE gained marginally.

However, Prestige Estate was trading at Rs270.60 per piece down 1.62% making the stock as the top underperformer. Brigade Enterprises was trading in the red, however, on a flat note.

On the benchmarks front, Sensex traded at 44,200.12 down 59.62 points or 0.12% and Nifty 50 stood at 12,972.65 lower by 14.35 points or 0.11%.