Nifty Realty index advances 1%; Indiabulls, Hemisphere and Prestige lead gains

Sobha (up 1.73%), Sunteck Realty (up 1.64%), and Brigade (up 1.48%) also aided in the bullish state of the sector. Phoenix Mills continued to remain under pressure.

Jun 10, 2021 01:06 IST India Infoline News Service

The Nifty Realty Index advanced over 1% amid bullish markets on Thursday. Indiabulls Real Estate stretched the winning streak followed by Hemisphere Properties and Prestige Estates and Projects. Phoenix Mills Limited continued to remain under pressure.

The Index has been mostly trading in the green this week amid a fall in Covid-19 cases in Mumbai and other cities. On Wednesday the sector gained over 1% before slipping into red territory in the afternoon.

At around 1.15 PM, the Nifty Realty was trading at 353.55 up 3.65 points or 1.04%, touching a high of 356.05 and low of 351.60 during intraday trade on Thursday.

Meanwhile, the BSE Sensex was trading at 52,276.41 up 334.77 points or 0.64% and the Nifty50 at 15,731.45 up 96.10 points or 0.61%.

Indiabulls Real Estate surged over 5.2% at Rs110.70 per piece to lift the performance of the sector. Hemisphere Properties stock also continued rise (3.3%) at Rs158.95 per piece. Prestige advanced 3% at Rs296.65 per piece to stretch gains since announcing Q4 earnings.

Sobha (up 1.73%), Sunteck Realty (up 1.64%) and Brigade (up 1.48%) also aided in the bullish state of the sector. DLF was also bullish while Godrej Properties was also trading higher.

On the flip side, Oberoi Realty after having a rough day and trading marginally higher. Phoenix Mills Limited was under pressure at Rs838.95 per piece, down 0.21% to drag an otherwise bullish sector.

Related Story

Open Free Demat Account (Rs699)