Realty stocks dragged down by Oberoi and Indiabulls
Shital Jibhe / 22 Aug 2017
With Oberoi Realty and Indiabulls Real Estate taking a big hit and contributing more than 10 points to the losses, the S&P BSE Realty index was trading down by over 1% intraday during Tuesday’s trading session.
With Oberoi Realty and Indiabulls Real Estate taking a big hit and contributing more than 10 points to the losses, the S&P BSE Realty index was trading down by over 1% intraday during Tuesday’s trading session. It was trading lower by 1.17% at the 2,041 level on the BSE at 1030 hours.
Meanwhile, HDIL and DLF were contributing more than 6 points to the index losses. Indiabulls Real Estate was the top loser in the index, trading lower by 2.63% at Rs 217 per share. DLF was trading down by 2.05% at Rs 176 per share.
Among others, Sobha was trading down by 1.08% at Rs 387 per share, Unitech was trading lower by 0.53% at Rs 7.46 per share, HDIL was dipped by 0.26% at Rs 58 per share, and Prestige was trading down by 0.23% at Rs 258 per share. Omaxe and Oberoi Real Estate were trading flat and Phoenix Ltd. was trading up by 0.10% at Rs 540 per share.
The benchmark index Sensex was trading higher by 37 points at 31,296 and Nifty was trading higher by 13 points at 9,768.
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