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Market Now: Realty stocks crack; Unitech falls 5%

ETMarkets.com|
Updated: Jan 02, 2018, 01.43 PM IST
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Market Now: Realty stocks crack; Unitech falls 5%
Eicher Motors, Hindustan Petroleum Corporation, Bharat Petroleum Corporation were among the top losers in the Nifty50 pack.
NEW DELHI: Most of the realty stocks, including Unitech (down 4.87 per cent), Delta Corp (down 2.33 per cent), Housing Development & Infrastructure (down 1.87 per cent) and Sobha (down 1.72 per cent) were trading in the negative zone in afternoon trade on Tuesday.

The Nifty Realty index was trading 0.62 per cent down at 346 around 01:30 pm (IST).

Shares of Indiabulls Real Estate (down 1.28 per cent), DLF (down 0.60 per cent), Oberoi Realty (down 0.25 per cent) and Godrej Properties (down 0.11 per cent) were also trading down.

Prestige Estates Projects (up 2.14 per cent) and Phoenix Mills (up 1.25 per cent) were the two components in the nifty Realty index that were up around that time.

Benchmark NSE Nifty50 index was 8 points up at 10,444, while the BSE Sensex was 2 points up at 33,815.

Among the 50 stocks in the Nifty50 index, 22 were trading in the green, while 27 were in the red. One stock was appearing unchanged.

Shares of Ashok Leyland, Tata Power, Bharat Heavy Electricals (BHEL), NMDC, Tata Motors and State Bank of India were among the most traded stocks on the National Stock Exchange.

In the Nifty index, Tata Motors, Bharti Infratel, Oil and Natural Gas Corporation, Tech Mahindra, UPL, Mahindra & Mahindra were among the top gainers.

However, Eicher Motors, Hindustan Petroleum Corporation, Bharat Petroleum Corporation, Indiabulls Housing Finance, Aurobindo Pharma and Maruti Suzuki India were among the top losers.
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