Nifty Realty gains 1.5% led by Prestige, Oberoi, Sobha

Shares of Prestige Estates Projects gained 5% in intraday trade on Monday.

Feb 18, 2019 12:02 IST India Infoline News Service

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The Nifty Realty index gained ~2% on Monday amid heavy buying in stocks of Prestige Estates Projects, Oberoi Realty, Sobha, and Indiabulls Real Estate.

Shares of Prestige Estates Projects, which gained 5%, were leading the gains on the index. Shares of Oberoi Realty and Sobha also contributed to the gain by rising 4% each. Indiabulls Real Estate and Sunteck also gained 2% and 1%, respectively.

Meanwhile, equity benchmark indices were trading in the red on Monday with the Sensex declining 182 points to 35,627 and the Nifty dropping 61 points to trade at 10,663.

Besides, the Indian rupee opened lower for the fourth consecutive session against the US dollar weighed down by higher global oil prices. Presently, the currency is trading at 71.40/US$, lower by 18 paise.

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