Real estate stocks slide | Trade Standard News

Real estate stocks were trading with losses, with the S&P BSE Realty Index falling 58.67 points or 1.79% to 3219.59 at 1:47 p.m. IST.

Among the constituents of the S&P BSE Realty Index, Indiabulls Real Estate Ltd (down 6.52%), DLF Ltd (down 3.1%), Phoenix Mills Ltd (down 2.97%) , Oberoi Realty Ltd (down 2.9%), Brigade Enterprises Ltd (down 2.5%), were the big losers. Other losers included Sunteck Realty Ltd (down 2.4%) and Godrej Properties Ltd (down 1.92%).

On the other hand, Macrotech Developers Ltd (+3.76%), Prestige Estates Projects Ltd (+2.53%) and Sobha Ltd (+0.82%) appeared.

As of 1:47 p.m. IST, the S&P BSE Sensex was down 282.04 or 0.51% at 55,284.37.

The Nifty 50 index fell 102.9 points or 0.62% to 16481.65.

The S&P BSE Small-Cap Index rose 89.76 points or 0.34% to 26,460.57.

The S&P BSE 150 Midcap Index fell 1.37 points or 0.02% to 8167.51.

On the BSE, 1700 shares were trading green, 1550 were trading red and 147 were unchanged.

Powered by Capital Market – Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Previous San Diego real estate agent Glen Henderson rewarded
Next Property Management Software Market Is Booming Worldwide | iStaging, TOPS Software, TenantCloud – mbu timeline