INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The Nifty Realty index was trading 0.85 per cent down at 273 around 12:50 pm on Thursday on losses in Sobha (down 4.43 per cent),
Indiabulls Real Estate (down 3.47 per cent) and Godrej Properties (down 1.66 per cent)
Shares of Phoenix Mills (down 1.47 per cent), Oberoi Realty (down 0.87 per cent) and Prestige Estates Projects (down 0.67 per cent) too
However, shares of Housing Development Infrastructure (HDIL) (up 13.10 per cent) zoomed up.
The realty firm on Tuesday reported more than
threefold jump in consolidated net profit at Rs 24.70 crore on higher sales.
Unitech (up 1.23 per cent), DLF (up 0.44 per cent) and Brigade
Enterprises (up 0.36 per cent) too were in the green
Equity market was dull amid weak global cues as a political crisis in Turkey and US-China trade war woes weighed on investor sentiment.
An
unabated fall of the Indian rupee and sustained capital outflow in the wake of a continuous rise of US dollar also hit the market
Benchmark NSE Nifty50 index was down 7 points at 11,428, while the BSE Sensex was 33 points down at 37,819
Among the 50 stocks in the Nifty index, 27 were trading in the green, while 23 were in the red
Reddy's Laboratories, Sun Pharma, Axis Bank and Grasim Industries were among the top gainers in the Nifty index.
Kotak Mahindra Bank,
Vedanta, Ultratech Cement, Hindalco Industries and Indiabulls Housing Finance were among the top losers in the Nifty pack of stocks.
