Realty Index dropped over 2% on Thursday at around 11:15 AM, it was trading at 403.30 down 8.55 points or 2.08%, after touching a high of 413.10 and low of 402.90 during intraday trade.
Nifty Realty was in a bloodbath with all scrips were on a declining note in today's trade with Indiabulls Real Estate emerged as top bear tumbling around 4% at Rs145.05 per piece.
Oberoi Realty and Sobha shed over 3% to emerge the biggest laggards in the sector.
Sunteck shed 2.87% at Rs390.35 per piece while Phoenix and Prestige was down by 2.53% and 2.39% respectively on the index. Sunteck revenue jumps 52% at Rs96cr, Q1 profit stood at Rs3cr.
Heavyweight Godrej Properties was 2% on the downside at Rs1604.90 per piece post Q1 result. The Real estate major's sales bookings in Q1FY22 drop 68% due to second wave of Covid-19. Hemisphere, DLF and Brigade extended losses to make the sector biggest laggard.