Nifty Realty under pressure; Sobha, DLF, Oberoi Realty weighs the performance

Among the components of the Nifty Realty Index, Sunteck Realty Ltd (up 4.74%) led the charge.

Nov 24, 2020 07:11 IST India Infoline News Service

Bear Market
Real Estate stocks squandered early gains and were performing lower in the afternoon trade on Wednesday. Nifty Realty Index was lower 2.00 points or 0.77% at 256.30 at 13:02 IST to drag. In early deals, the index has advanced by 1%. 
Among the components of the Nifty Realty Index, Sunteck Realty Ltd (up 4.74%) led the charge. Phoenix Limited and Brigade were also higher.

Sobha Ltd (down 1.82%), DLF (down 1.66%), Oberoi Realty Ltd (down 1.36%) and Godrej Properties Ltd (down 1.24%) were the biggest losers. 

The indices were bearish with BSE Sensex trading at 44,377.52 down 145.50 points or 0.33% and Nifty50 trading at 13,024.05 down 31.10 points or 0.24%.

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