Eight realty shares fell by 0.03% to 2.69% at 14:00 IST on BSE on profit booking after recent gains.
Indiabulls Real Estate (down 2.69%), Sobha Developers (down 2.06%), Unitech (down 1.61%), HDIL (down 1.26%), DLF (down 1.06%), Parsvnath Developers (down 0.27%), Phoenix Mills (down 0.16%) and Sunteck Realty (down 0.03%), edged lower.
The BSE Realty index was down 0.99% at 1,667.38. It underperformed the Sensex, which was up 0.47% at 17,684.84.
The BSE Realty index rose 2.79% in the preceding two sessions to 1684.03 on 7 August 2012 from a recent low of 1638.34 3 August 2012.
The BSE Realty index had underperformed the market over the past one month until 7 August 2012, falling 3.47% compared with the Sensex's 0.46% rise. The index had also underperformed the market in past one quarter, sliding 2.75% as against 4.07% rise in the Sensex.
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