The Nifty Realty index witnessed significant losses in early trading on Thursday, with several real estate stocks showing sharp declines as of 10:26 AM. Broader market indices were also down, with the Nifty falling by 0.61% to 24,819.35, and the Sensex dropping by 0.41% to 81,171.16.
Leading the losses in the real estate sector were:
- Prestige: Down 3.73% to ₹1,795.00
- Godrej Properties: Fell 3.18% to ₹3,125.25
- Lodha (Macrotech Developers): Dropped 3.47% to ₹1,180.60
- Phoenix Ltd: Down 3.07% to ₹1,626.40
- DLF: Declined 2.92% to ₹858.95
- Sobha: Fell 2.14% to ₹1,780.20
Other notable declines include:
- Oberoi Realty: Fell 1.45% to ₹2,001.15
- Raymond: Down 2.39% to ₹1,694.45
- Mahindra Lifespace: Down 1.48% to ₹523.40
- Brigade: Declined 1.02% to ₹1,309.30
The overall market sentiment in the real estate sector remains negative, with the broader markets also seeing declines.
Disclaimer: This article is for informational purposes only and does not provide investment advice. Investors should consult with a financial advisor before making any investment decisions. Neither the publication nor the author holds any responsibility for investment outcomes based on the information provided.
