Nifty Realty index sheds 1.6%; Indiabulls Real Estate, Godrej weighs down

Indiabulls Real Estate dragged the sector most at Rs86.30 per piece down by 4.27%.

Mar 24, 2021 12:03 IST India Infoline News Service

Bear Market
Nifty Realty stocks underperformed amid bearish market on Wednesday trading session. Majority of the stocks listed in the index were trading in the red. However the losses were offset by heavyweights Phoenix and Prestige which were performing on a higher note.

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.




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