INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Losses in Indiabulls Real Estate (down 2.37 per cent), Phoenix Mills (down 1.09 per cent), Brigade Enterprises (down 1.05 per
cent) and DLF (down 0.52 per cent) were keeping the Nifty Realty index under pressure during Friday's trade.
The Nifty Realty index was
trading 0.31 per cent down at 290 around 12:50 pm.
However, shares of Unitech (up 6.06 per cent), Prestige Estates Projects (up 1.14 per
cent), Godrej Properties (up 0.30 per cent) and Sobha (up 0.11 per cent) were in the green.
Meanwhile, shares of Oberoi Realty and Housing
Development Infrastructure (HDIL) were almost flat around that time.
Market was appearing to be on the correction mode after the recent
A deprecating rupee against the dollar and surging crude oil prices dampened the sentiment.
Benchmark NSE Nifty50 index was down 47 points
at 10,721, while the BSE Sensex was 152 points down at 35,312
Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red
Reddy's Laboratories, Lupin, Tata Motors and Cipla were among the top gainers in the Nifty index.
On the other hand, Power Grid Corporation,
Hindalco Industries, BPCL, HDFC and ICICI Bank were among the top losers in the Nifty index.
