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Stock market update: Realty shares advance; Sunteck Realty jumps 4%

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NEW DELHI: Realty shares were trading in the positive zone in Thursday’s morning session as the early leads projected Narendra Modi-led NDA is set to form government at the Centre.

Shares of Indiabulls Real Estate (up 5.74 per cent), Sunteck Realty (up 4.17 per cent), Phoenix Mills (up 3.53 per cent) and DLF (up 3.48 per cent) were the top performers in the index.

Brigade Enterprises (up 3.06 per cent), Mahindra Lifespace Developers (up 1.91 per cent), Oberoi Realty (up 1.68 per cent) and Sobha (up 1.67 per cent) too were trading with gains.

The Nifty Realty index was trading 2.73 per cent up at 274.25 around 10:34 am.

Benchmark NSE Nifty50 index was up 257.05 points at 11,994.95 while the BSE Sensex was up 870.53 points at 39,980.74.

Among the 50 stocks in the Nifty index, 42 were trading in the green, while 8 were in the red.

Shares of Bank of Baroda, YES Bank, SBI, Adani Enterprises, Vodafone Idea, Adani Power, ICICI Bank, PNB, BEL and Federal Bank were among the most traded shares on the NSE.

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Source: Economic Times