Market Now: Realty stocks fall; IB Real Estate slips over 2%

NEW DELHI: Nifty Realty index slipped over 1 per cent in Wednesday’s early trade to hit 283, erasing most of the gains of the previous session.

The index was trading 1.10 per cent down at 284 around 10.25 am (IST) with shares of Indiabulls Real EstateBSE -1.03 % (down 2.20 per cent), Delta CorpBSE -0.71 % (down 1.67 per cent), DLF (down 1.41 per cent), UnitechBSE 6.30 % (down 1.32 per cent), Oberoi RealtyBSE 0.47 % (down 1.20 per cent) and Housing Development & Infrastructure (down 1.04 per cent) declining over 1 per cent.

Sobha (up 0.42 per cent) was the only component in the index trading in green around that time.

Selling in pharma, FMCG, bank and IT stocks, triggered by weak Asian cues kept domestic equity markets low.

Sun Pharma, ITCBSE -2.25 %, LupinBSE -1.61 %, Axis BankBSE -1.35 %, TCSBSE -0.71 % and InfosysBSE -0.41 % were the top losers in the Nifty pack.

On the contrary, GailBSE 0.88 %, Reliance Industries, Indiabulls Housing Finance and UltraTech Cements were gaining.

Nifty50 index was trading 49 points lower at 9,903, while the 30-share Sensexwas 186 points down at 31,623 around 10.25 am (IST).

In the Nifty50 pack, 14 stocks were trading in green, while 37 stocks were in red.

On BSE, 887 stocks were advancing whereas 1,081 stocks were lagging.

[“Source-economictimes”]