Market Now: Nifty Realty cracks nearly 2%; DLF top drag
NEW DELHI: Strong losses in Sobha (down 3.14 per cent) and DLF (down 3 per cent) were keeping the Nifty Realty index in the negative zone during the afternoon trade on Wednesday.
The Nifty Realty index was trading 1.63 per cent down at 317 around 02:15 pm (IST).
Shares of Prestige Estates Projects (down 1.90 per cent), Indiabulls Real Estate (down 1.56 per cent), Oberoi Realty (down 1.37 per cent), Phoenix Mills (down 0.52 per cent) and Godrej Properties (down 0.47 per cent) were also in the red around the same time.
However, shares of Housing Development & Infrastructure (up 1.65 per cent), Brigade Enterprises (up 0.92 per cent) and Unitech (up 0.87 per cent) were in the green around the same time.
Benchmark NSE Nifty50 index was down 10 points at 10,729, while the BSE Sensex was up 41 points at 35,201.
Among the 50 stocks in the Nifty index, 18 were trading in the green, while 32 were in the red.
Kotak Mahindra Bank, Zee Entertainment Enterprises, ITC, Asian Paints and HDFC Bank were the top gainers in the Nifty index.
On the other hand, Vedanta and Hindalco Industries were among the top losers in the Nifty index.