Nifty Realty index slips 2% led by DLF, Unitech, Oberoi Realty

Shares of DLF, which dropped 5%, were leading the index’s fall.

Jan 25, 2019 08:01 IST India Infoline News Service

Stock Market Chart
The Nifty Realty index was trading 2% lower on heavy selling in DLF, Unitech, Oberoi Realty, Sobha, and Phoenix Mills.

Shares of DLF dropped 5% following a media report of the Central Bureau of Investigation (CBI) visiting the company’s Delhi office, leading the index’s fall.

Shares of Oberoi Realty and Unitech also contributed to the fall, declining 3% each. Sobha and Phoenix also fell 2% and 1%, respectively.

Meanwhile, equity benchmark indices were trading in the green on Friday with the Sensex trading 134 points higher at 36,329 levels. Nifty also rose 18 points to trade at 10,868 levels.

On the currency front, the Indian rupee breached its key level of 71/$ and appreciated 12 paise to trade at 70.95 against the dollar. The currency opened 4 paise higher at 71.03/$ compared to its previous close of 71.07/$.

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