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Tuesday, 24 October 2017

Nifty Realty spikes by 1.22%

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Realty stocks registered a surge on Tuesday at lunch hours, rising up the Nifty Realty index higher by 1.22%. With the Real Estate Regulatory Authority and GST settling in, market players expect sales of residential and commercial units to pick up.

Sobha developers Limited was leading the Nifty pack, with its stocks trading at Rs. 538.05 per share, higher by 4.65%, while the stock of Prestige Estates Projects Limited was trading at Rs. 289.95, up by 3.89%, and Godrej Properties was at Rs. 687.10, up by 3.87% followed by the shares of Housing Development & Infrastructure which was at Rs. 55.80 per share, up by 2.86%. Among realty stocks, Brigade Enterprises, DLF and India Bulls Real Estate were trading in the green zone, while Phoenix Mills, Oberoi Realty and Unitech were trading in the red zone at during the day. 

At 2:30 pm, Nifty50 was trading at 10,212.20, higher by 27.35 points while BSE Sensex was trading at 32,600.75, higher by 94 points.


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