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