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Market Now: Realty stocks rise; IB Real Estate zooms 7%


NEW DELHI: Buoyed by gains in Indiabulls Real Estate (up 6.67 per cent), Prestige Estates Projects (up 2.10 per cent) and DLF (up 1.83 per cent), Nifty Realty index climbed almost 2 per cent during Monday’s trade.

The Nifty Realty index was trading 1.53 per cent up at 306 around 02:35 pm (IST).

Shares of Oberoi Realty (up 1.03 per cent), Housing Development & Infrastructure (up 0.60 per cent), Godrej Properties (up 0.15 per cent) and Sobha (up 0.12 per cent) were also trading with gains.

However, Unitech (down 3.10 per cent), Phoenix Mills (down 0.76 per cent) and Brigade Enterprises (down 0.28 per cent) were down around that time.

Benchmark NSE Nifty50 index was up 40 points at 10,521, while the BSE Sensex was up 103 points at 34,296.

Among the 50 stocks in the Nifty index, 33 were trading in the green, while 17 were in the red.

Cipla, Grasim Industries, Hero MotoCorp, Indiabulls Housing Finance and Kotak Mahindra Bank were among the top gainers in the Nifty index.

However, Tata Motors, Infosys, Wipro, Vedanta and Axis Bank were among the top losers in the Nifty pack of stocks.

Source: Economic Times