Real Estate

Share market update: Realty shares slip; Indiabulls Real Estate plunges 10%

real estate-reuters

NEW DELHI: Realty shares were trading in the negative zone in Tuesday’s morning session.

Shares of Indiabulls Real EstateNSE -5.86 % (down 9.88 per cent), Brigade EnterprisesNSE -2.75 % (down 4.19 per cent), DLFNSE -1.58 % (down 3.27 per cent) and Prestige Estates Projects (down 2.77 per cent) were trading in the red.

Phoenix Mills (down 2.20 per cent), Oberoi Realty (down 2.04 per cent), Godrej Properties (down 1.70 per cent) and Sunteck Realty (down 1.54 per cent) too were trading with losses.

The Nifty Realty index was trading 2.91 per cent down at 256.70 around 10:28 am.

Benchmark NSE Nifty50 index was down 90.40 points at 11,664.25 while the BSE Sensex was down 283.48 points at 38,783.85.

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

Shares of YES Bank, Vodafone Idea, Bank of Baroda, Tata Motors, SAIL, L&T Fin Holding, SBI, ICICI Bank, Ashok Leyland and Indiabulls Housing Finance were among the most traded shares on the NSE.