The Nifty Realty index has declined 2% on Friday as selling pressure was seen in Indiabulls Real Estate, DLF, Oberoi Realty, Sunteck Realty, and Sobha.
Shares of Indiabulls Real Estate and DLF, which declined 4% each, were leading the index’s fall. Shares of Oberoi Realty and SunTeck Realty also contributed to the fall, declining 3% each. Shares of Sobha dropped 1%.
However, shares of Brigade and Phoenix cushioned the index’s fall, rising 2% and 1%, respectively.
Meanwhile, equity benchmark indices were trading in the red on Friday with the Sensex declining 205 points at 39,537 levels. The Nifty dropped 69 points at 11,845 levels.