Nifty Realty index shrugs off bearish markets; Indiabulls Real Estate, Phoenix led gains

Brigade was the top laggard shedding nearly 1% at Rs282.35 per piece.

Jun 17, 2021 11:06 IST India Infoline News Service

Stock Market
On Thursday trading session, the Nifty Realty along with FMCG and IT stocks witness some buying interest despite broader bearish markets tone. Nifty Realty was doing well with Indiabulls being the top gainer on the index.

According to the experts, retail participation levels in the market continue to be elevated, and a strong pipeline of deals and IPOs can be expected to attract substantial incremental flows in the coming 2 weeks may impact the sentiments of the investors.

At around 11.17 AM, Nifty Realty was trading at 353.85 up 1.30 points or 0.37% touching a high of 354.75 and low of 347.60 during intraday trade on Thursday.

Meanwhile, the BSE Sensex was trading at 52,423.85 down 78.13 points or 0.15% and the Nifty50 at 15,751.35 down 16.20 points or 0.10%.

On the index, Indiabulls Real Estate led the charge by surging 2.71% at Rs111.65 per piece followed by Phoenix Mills gaining 1.73% at Rs823.60 per piece.

Heavyweight Godrej Properties surged 0.52% ahead at Rs1,418 per piece to lead the gains while Oberoi Realty, Hemisphere Properties and Sunteck was trading marginally higher to support the index.
However on the downside, Brigade was the top laggard shedding nearly 1% at Rs282.35 per piece.

DLF and Sobha were also trading marginally lower struggles to lead the gains.

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