Nifty Realty rallies by near 3% as Indiabulls Real Estate, Prestige, DLF lifts the performance

Indiabulls Real Estate Ltd (up 7.49%) was the top gainer Rs69.60 higher. Prestige Estates Projects Ltd (up 4.38%) and DLF Ltd (up 4.11%) also made substanial gains.

Dec 01, 2020 06:12 IST India Infoline News Service

Real Estate stocks continued their winning streak on Tuesday. The Nifty Realty Index carried forward its gains from last week to rise 7.50 points or 2.87% higher at 268.70 (at around 11.45 am). 

The Index opened at 264.05 and touched a high of 268.85 and low of 262.75 on Tuesday.

On the index, Indiabulls Real Estate Ltd (up 7.49%) was the top gainer  and traded at Rs69.60 per piece. Prestige Estates Projects Ltd (up 4.38%) and DLF Ltd (up 4.11%) also made substanial gains.

Godrej Properties Ltd traded Rs1193.20 per piece gaining by 2.38% while Sobha also traded 2.38% higher. Oberoi Realty Ltd was also among the top gainers, trading above 2.40%. 

Sunteck Realty Ltd (up 1.78%), and Phoenix Mills Ltd (up 0.56%) also contributed to the gains. 

BSE Sensex is trading at 44,520.79 up 371.07 points or 0.84% and Nifty50 at 13,072.90 up 103.95 points or 0.8%.

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