On the contrary, Indiabulls Real Estate was the top underperformer.
At around 12:20 PM, Nifty Realty was trading at 336.05 down 5.45 points or 1.60%. It touched an intraday high of 340.60 and an intraday low of 332.95 during early trading hours.
Phoenix and Prestige were the only top gainers on the index.
Indiabulls Real Estate dragged the sector most at Rs86.30 per piece down by 4.27%.
Sobha and Omaxe were marginally down 0.20% at Rs445.70 per piece and 0.36% at Rs69.60 respectively. During early trading hours Sobha was trading higher at Rs448.00 per piece on Wednesday.
Brigade also sheds over 1.90% at Rs247.35 per piece.
Phoenix was the top gainer on the index surging by 3.48% followed by Prestige gaining by 1.81%.
Further, Oberoi Realty (-2.46%), Sunteck (-2.69%), DLF (-2.72%), Godrej Properties (-2.96) weighed down on the index's performance.