The Nifty Realty index was trading 2% lower on Wednesday as heavy selling seen in Indiabulls Real Estate
, Godrej Properties
, and Brigade
Shares of Indiabulls Real Estate, which dropped 4%, were leading the index’s fall. Shares of DLF and Prestige also contributed to the fall, declining 3% each. Shares of Oberoi, Godrej Properties, and Brigade dropped 1% each.
However, shares of Sobha Realty, which gained 2%, have cushioned the index’s fall.
Meanwhile, the Sensex declining 222 points at 39,728 levels. The Nifty also dropped 71 points to trade at 11,894 levels, struggling to hold its key level of 11,900.