Stock Market

Stock market update: Realty stocks up; HDIL, Oberoi Realty leading sectoral index

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NEW DELHI: The Nifty Realty index was trading 2.41 per cent up at 271 around 02:45 pm with Housing Development Infrastructure (HDIL) (up 4.50 per cent) and Oberoi Realty (up 4.16 per cent) as the top gainers.

Shares of Indiabulls Real Estate (up 2.97 per cent), DLF (up 2.62 per cent), Unitech (up 2.44 per cent), Brigade Enterprises (up 1.87 per cent), Phoenix Mills (up 1.52 per cent), Godrej Properties (up 1.11 per cent) and Prestige Estates Projects (up 0.22 per cent) were also trading with gains. Sobha (down 0.75 per cent) was the only stock in the realty index that was down around that time.

Equity benchmarks were treading higher on across the board buying amid positive global cues.

Fresh buying by investors as the July derivatives contracts started on a strong note amid recovery in the rupee boosted sentiment. Benchmark NSE Nifty50 index was up 102 points at 10,690, while the BSE Sensex was up 327 points at 35,365. Among the 50 stocks in the Nifty index, 40 were trading in the green, while 10 were in the red.

GAIL (India), Hindalco Industries, Titan Company, Bajaj Auto and ONGC were among the top gainers in the Nifty index. However, Dr.

Reddy's Laboratories, IndusInd Bank, HPCL, Hero MotoCorp and Tech Mahindra were among the losers in the Nifty pack of stocks.




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