Stock market update: DLF, IB Real Estate, HDIL drag realty pack down


New Delhi, September 24, 2018: Strong losses in DLF (down 3.71 per cent), Indiabulls Real Estate (down 3.19 per cent), Housing Development & Infrastructure (HDIL) (down 2.97 per cent) and Prestige Estates Projects (down 2.80 per cent) dragged realty index down in Tuesday’s session.

The Nifty Realty index was trading 2.34 per cent down at 263 around 02:30 pm.

According to reports published in Shares of Oberoi Realty (down 1.81 per cent), Phoenix Mills (down 1.43 per cent), Sobha (down 1.11 per cent) and Godrej Properties (down 0.72 per cent) also suffered losses.

Benchmark NSE Nifty50 index was down 16 points at 11,362, while the BSE Sensex was 37 points down at 37,549.

Among the 50 stocks in the Nifty index, 20 were trading in the green, while 30 were in the red.