Nifty Realty under selling pressure; Oberoi, Sobha weigh down; Hemisphere Properties top gainer

Hemisphere Properties was trading at Rs151.65 per share higher by 1.61% to lift the sector a little.

Jul 14, 2021 11:07 IST India Infoline News Service

Bear Market
The Nifty Realty stocks joined the markets bears on Wednesday due to volatility amid mixed global cues. During early trading hours, the Nifty 50 was struggling around the 15800 levels. Indian Markets were on a flat note amid mixed global cues as investors sentiments shift to Q1 earnings and WPI inflation.

Realty Index witness selling pressure on Wednesday and at around 11:10 am, it was trading at 378.70 down 2.10 points or 0.55%. The index has touched a high of 381.20 and low of 378.05 during intraday trade.

Meanwhile, BSE Sensex was trading at 52,856.39 up 86.66 points or 0.16% and Nifty50 at 15,820.30 up 7.95 points or 0.05%.

The realty index was performing in the red where 7 scrips were on a declining note.

Oberoi Realty shed over 2% to emerge the biggest laggard in the sector.

Sobha shed 1.47% at Rs568.80 per piece while Sunteck was tumbled by 1% at Rs355.50 per piece on the index.

Godrej Properties and Phoenix was 0.57% and 0.29% respectively on the downside. Indialbulls Real Estate was 0.18% lower while DLF was trading flat.

However, on the upside, top gainer Hemisphere Properties was trading at Rs151.65 per share higher by 1.61% to lift the sector a little.

Brigade and Prestige were also marginally up to support the sector.

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