Realty index hits 6-year high; Godrej Properties, Oberoi Realty at new high

Nifty Realty index was up 3.8% at 316, its highest level since April 25, 2011, the largest gainer among sectoral indices, at 01:25 PM

Shares of real estate companies were on a roll with the Nifty Realty index hitting an over six-year high after a strong rally in Godrej Properties, Indiabulls Real Estate and DLF on the National Stock Exchange (NSE).

At 01:25 PM; Nifty Realty index was up 3.8% at 316, its highest level since April 25, 2011, the largest gainer among sectoral indices. On comparison, Nifty 50 index was up 1% at 10,440. The S&P BSE Realty index too up 4% at 2,398, against 1.2% rise in the S&P BSE Sensex.

Godrej Properties, Indiabulls Real Estate and DLF from the