 "Realty shares under pressure; CNX Realty index down 3%")
Shares of real estate companies are under pressure and trading lower by up to 8% on the National Stock Exchange (NSE).
Indiabulls Real Estate and Unitech have plunged 8% each at Rs 74.65 and Rs 18.20 respectively. National Building Construction Corporation (NBCC) slipped 6% to Rs 714, while Housing Development and Infrastructure (HDIL) and Delta Corp dipped 5% each at Rs 78.50 and Rs 93.20 respectively. Oberoi Realty slipped 4% at Rs 240, while DLF down 3% at Rs 144 on BSE.
At 1117 hours, CNX Realty, the NSE real estate sector, was down 3% to 208.50 as compared to 0.61% decline in the benchmark CNX Nifty. The realty index touched low of 207 during intra-day deal so far.
Indiabulls Real Estate and Unitech have plunged 8% each at Rs 74.65 and Rs 18.20 respectively. National Building Construction Corporation (NBCC) slipped 6% to Rs 714, while Housing Development and Infrastructure (HDIL) and Delta Corp dipped 5% each at Rs 78.50 and Rs 93.20 respectively. Oberoi Realty slipped 4% at Rs 240, while DLF down 3% at Rs 144 on BSE.
At 1117 hours, CNX Realty, the NSE real estate sector, was down 3% to 208.50 as compared to 0.61% decline in the benchmark CNX Nifty. The realty index touched low of 207 during intra-day deal so far.