Stock market update: Realty shares dip; Indiabulls Real Estate slips 4%

realestate-gettyNEW DELHI: Realty shares were trading with losses in Monday’s morning session.

Shares of Indiabulls Real Estate (down 4.60 per cent), SobhaNSE 1.40 % (down 3.85 per cent), DLFNSE -0.15 %(down 3.08 per cent) and Sunteck Realty (down 2.69 per cent) were the worst performers in the index.

Phoenix Mills (down 2.58 per cent), Godrej Properties (down 1.86 per cent), Mahindra Lifespace Developers (down 1.45 per cent) and Brigade Enterprises (down 1.26 per cent) too were trading with losses.

The Nifty Realty index was trading 1.87 per cent down at 257.70 around 10:07 am.

Benchmark NSE Nifty50 index was down 180.75 points at 10,816.60 while the BSE Sensex was down 587.78 points at 36,530.44.

Among the 50 stocks in the Nifty index, 3 were trading in the green, while 47 were in the red.

Shares of YES Bank, Vodafone Idea, SBI, Ashok Leyland, Tata Motors, PNB, Dish TV India, ICICI Bank, Bank of Baroda and Adani Power were among the most traded securities on the NSE.

[“source=economictimes.indiatimes”]